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https://profootballtalk.nbcsports.c...ainst-ban-on-state-sanctioned-sports-betting/
Supreme Court opens door to state-sanctioned sports betting
Posted by Josh Alper on May 14, 2018
Getty Images
Bettors who wanted to gamble on sports legally have long had limited options to do so in the United States, but that is about to change.
The United States Supreme Court has ruled in favor of New Jersey in the state’s challenge to the federal law known as The Professional and Amateur Sports Protection Act. The law barred states from legalizing gambling on sporting events with the notable exception of Nevada and less notable exceptions for sports lotteries in three other states.
The court’s ruling that the law is unconstitutional, which came by a 7-2 vote, sets the stage for states to start allowing gambling on sports. How that will be implemented from state to state remains to be seen, but the amount of money on the table will lead many of them to make risking a few bucks on your favorite team a fairly easy undertaking.
Professional sports leagues have expressed an interest in getting a cut of that action as well, although NFL Commissioner Roger Goodell did not elaborate on the league’s plans for expanded sports betting in the United States when asked about it in March.
https://profootballtalk.nbcsports.com/2018/05/14/get-ready-for-the-gambling-floodgates-to-open/
Get ready for the gambling floodgates to open
Posted by Mike Florio on May 14, 2018
Monday’s landmark ruling from the U.S. Supreme Court allows all states to establish sports wagering programs. Most surely will.
It’s a far cry from the 1970s and 1980s, when states were haggling over the ethics of the daily number, Powerball jackpots, and scratch-off tickets. That said, those who fretted that low-level gambling would be the gateway to something more were right, because many states already have something more via table games. Now, every state can have it all.
And it will be much more than betting on the outcomes of games, either via point spreads of over-under propositions. A wide variety of prop bets will undoubtedly be available (including for example rookie quarterback over/unders, the topic of the attached video), along with the possibility of in-game wagering on the minutiae of a game, from ball vs. strike to run vs. pass to whether a putt is made or missed.
Basically, betting will be available on anything relating to sports, which means that it will be available on everything. And any state that launches a wagering program would be wise to take as much action as possible, because when the house sets the odds properly, the house always wins.
https://profootballtalk.nbcsports.c...s-business-whether-league-embraces-it-or-not/
Gambling will be good for NFL’s business, whether league embraces it or not
Posted by Michael David Smith on May 14, 2018
The NFL has officially held gambling at arm’s length, with strict rules against players, coaches, owners, officials and anyone else having any business interests in sports betting. But that doesn’t mean the NFL has no interest in sports betting.
The Supreme Court’s ruling today, opening the door to legal sports gambling in every state, will be very good for the NFL’s business, regardless of whether the NFL embraces gambling or continues to distance itself from it.
That’s because there’s going to be a huge increase in the number of people placing bets on NFL games this year, once they can do so at safe, legal, legitimate businesses in their own states. And an increase in the number of people placing bets on NFL games will lead to an increase in the number of people who care about NFL games.
That could mean a reversal of the league’s declining television ratings, if more bettors translates to more viewers, and even if it doesn’t end the league’s ratings slide, it will surely be profitable for the league’s network partners from an advertising perspective. Remember that brief time when Draft Kings and FanDuel ads were everywhere, before the government started cracking down on those businesses?
Expect a return of that kind of advertising environment, as there will be far more sports books advertising their services to fans. An increased demand to purchase advertising time on NFL games and other NFL-related programming is valuable to the NFL, even if the NFL keeps claiming that it doesn’t endorse gambling.
Of course, the league may come around on gambling, especially if the states that legalize gambling can be persuaded to pay the much-discussed “integrity fee” to the sports leagues, which would mean some of the money from betting on sports goes directly to the leagues themselves. It’s hard to imagine NFL owners turning down a chance to get a percentage of the gambling revenues.
Even if the integrity fees don’t come to fruition, however, the reality is today’s news is good for the NFL’s business. The NFL has officially stood against sports gambling for many years, but privately the league’s owners have to be pleased at the prospect of making a lot more money, thanks to the Supreme Court allowing Americans to bet money on games.
https://profootballtalk.nbcsports.c...hen-it-comes-to-setting-odds-for-local-teams/
States will need flexibility when it comes to setting odds for local teams
Posted by Mike Florio on May 14, 2018
The good news? States can now have sports betting. The bad news? State can now have sports betting.
States and/or those who will have the ability to take bets in a given state will need to be smart when it comes to setting odds — especially when it comes to bets involving local teams.
In and around Pittsburgh, for example, the locals will be inclined to bet the Steelers no matter the odds. Which means that it will be much harder for the house to achieve the broader goal of equal betting on each team. Which means that there will need to be local adjustments constantly made to the decisions made by sports books in Las Vegas.
And the sports books in Las Vegas can attest to the problem of too many wagers being placed on the home team. Local fans, swept up by the excitement of having an NHL franchise, bet heavily on the Golden Knights. As a result, the casinos have been losing money on the winning team — and they’ll lose big if the Golden Knights win the Stanley Cup, especially since at one point the odds were set at 500-1.
Even without local bias affecting the action, states can easily screw this up. In 1976, Delaware took a bath over bad betting lines. That’s why most states will have outside entities handle the action, with the state simply getting a cut. Either way, whoever is setting the odds will be facing unique challenges based on the betting trends involving the local teams.
In most states, the sports books will quickly become fans of every team that local team is playing. They’ll particularly become fans of any team that the locals love to hate.
Supreme Court opens door to state-sanctioned sports betting
Posted by Josh Alper on May 14, 2018
Getty Images
Bettors who wanted to gamble on sports legally have long had limited options to do so in the United States, but that is about to change.
The United States Supreme Court has ruled in favor of New Jersey in the state’s challenge to the federal law known as The Professional and Amateur Sports Protection Act. The law barred states from legalizing gambling on sporting events with the notable exception of Nevada and less notable exceptions for sports lotteries in three other states.
The court’s ruling that the law is unconstitutional, which came by a 7-2 vote, sets the stage for states to start allowing gambling on sports. How that will be implemented from state to state remains to be seen, but the amount of money on the table will lead many of them to make risking a few bucks on your favorite team a fairly easy undertaking.
Professional sports leagues have expressed an interest in getting a cut of that action as well, although NFL Commissioner Roger Goodell did not elaborate on the league’s plans for expanded sports betting in the United States when asked about it in March.
https://profootballtalk.nbcsports.com/2018/05/14/get-ready-for-the-gambling-floodgates-to-open/
Get ready for the gambling floodgates to open
Posted by Mike Florio on May 14, 2018
Monday’s landmark ruling from the U.S. Supreme Court allows all states to establish sports wagering programs. Most surely will.
It’s a far cry from the 1970s and 1980s, when states were haggling over the ethics of the daily number, Powerball jackpots, and scratch-off tickets. That said, those who fretted that low-level gambling would be the gateway to something more were right, because many states already have something more via table games. Now, every state can have it all.
And it will be much more than betting on the outcomes of games, either via point spreads of over-under propositions. A wide variety of prop bets will undoubtedly be available (including for example rookie quarterback over/unders, the topic of the attached video), along with the possibility of in-game wagering on the minutiae of a game, from ball vs. strike to run vs. pass to whether a putt is made or missed.
Basically, betting will be available on anything relating to sports, which means that it will be available on everything. And any state that launches a wagering program would be wise to take as much action as possible, because when the house sets the odds properly, the house always wins.
https://profootballtalk.nbcsports.c...s-business-whether-league-embraces-it-or-not/
Gambling will be good for NFL’s business, whether league embraces it or not
Posted by Michael David Smith on May 14, 2018
The NFL has officially held gambling at arm’s length, with strict rules against players, coaches, owners, officials and anyone else having any business interests in sports betting. But that doesn’t mean the NFL has no interest in sports betting.
The Supreme Court’s ruling today, opening the door to legal sports gambling in every state, will be very good for the NFL’s business, regardless of whether the NFL embraces gambling or continues to distance itself from it.
That’s because there’s going to be a huge increase in the number of people placing bets on NFL games this year, once they can do so at safe, legal, legitimate businesses in their own states. And an increase in the number of people placing bets on NFL games will lead to an increase in the number of people who care about NFL games.
That could mean a reversal of the league’s declining television ratings, if more bettors translates to more viewers, and even if it doesn’t end the league’s ratings slide, it will surely be profitable for the league’s network partners from an advertising perspective. Remember that brief time when Draft Kings and FanDuel ads were everywhere, before the government started cracking down on those businesses?
Expect a return of that kind of advertising environment, as there will be far more sports books advertising their services to fans. An increased demand to purchase advertising time on NFL games and other NFL-related programming is valuable to the NFL, even if the NFL keeps claiming that it doesn’t endorse gambling.
Of course, the league may come around on gambling, especially if the states that legalize gambling can be persuaded to pay the much-discussed “integrity fee” to the sports leagues, which would mean some of the money from betting on sports goes directly to the leagues themselves. It’s hard to imagine NFL owners turning down a chance to get a percentage of the gambling revenues.
Even if the integrity fees don’t come to fruition, however, the reality is today’s news is good for the NFL’s business. The NFL has officially stood against sports gambling for many years, but privately the league’s owners have to be pleased at the prospect of making a lot more money, thanks to the Supreme Court allowing Americans to bet money on games.
https://profootballtalk.nbcsports.c...hen-it-comes-to-setting-odds-for-local-teams/
States will need flexibility when it comes to setting odds for local teams
Posted by Mike Florio on May 14, 2018
The good news? States can now have sports betting. The bad news? State can now have sports betting.
States and/or those who will have the ability to take bets in a given state will need to be smart when it comes to setting odds — especially when it comes to bets involving local teams.
In and around Pittsburgh, for example, the locals will be inclined to bet the Steelers no matter the odds. Which means that it will be much harder for the house to achieve the broader goal of equal betting on each team. Which means that there will need to be local adjustments constantly made to the decisions made by sports books in Las Vegas.
And the sports books in Las Vegas can attest to the problem of too many wagers being placed on the home team. Local fans, swept up by the excitement of having an NHL franchise, bet heavily on the Golden Knights. As a result, the casinos have been losing money on the winning team — and they’ll lose big if the Golden Knights win the Stanley Cup, especially since at one point the odds were set at 500-1.
Even without local bias affecting the action, states can easily screw this up. In 1976, Delaware took a bath over bad betting lines. That’s why most states will have outside entities handle the action, with the state simply getting a cut. Either way, whoever is setting the odds will be facing unique challenges based on the betting trends involving the local teams.
In most states, the sports books will quickly become fans of every team that local team is playing. They’ll particularly become fans of any team that the locals love to hate.