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SPORTS BETTING BILL HAS FAULT
Views: 631
Posted by Drew Martin
Replies: 2

Forbes: The NBA has undoubtedly been the strongest proponent of all major U.S.-based professional sports leagues for the abolition of a law that prohibits states (other than Nevada) from offering sports betting on individual match-ups. Yet, the support for a change in the law comes with one caveat. The NBA wants a piece of the action.

The league characterizes its commission request as an integrity fee. It seeks 1% of the amount wagered on any events concerning NBA games and says that the fee should be coming out of the revenue received from sports betting operators that would be involved in the transaction.

If the NBA wants 1% the NFL wont play second fiddle and will expect maybe 3%. MLB will consider themselves a step above the NBA and the NHL will be happy with the scraps. Lets say the leagues rake maybe 6% of the handle. Follow that up with our politicians salivating over a new money pot to grab and of course TV will want a raise, and on and on it goes.

In a good year the Vegas sportsbooks hold 4%. In their wildest dreams it aint gonna work. Hint: they might settle for parlay cards and their 25% win or maybe they think well lay -130 or -140. Off-shores will reap the benefits if the Supremes kill PASPA and leave sports betting to the states. Theyll continue to get all the business outside Nevada from the millions of domestic bettors.

https://www.gamingtoday.com/article/73002-Sports_betting_bil l_has_fault

Reply by Gongor17

Think this analysis is spot on. We are most likely headed for a situation where either the federal or local/state governments will overtax/over regulate operators who would like to offer sports betting thus keeping all the real business off shore so in effect nothing will really change for anyone with a clue who does reasonable volume. It is basically like a business deciding to charge two to three times what their products price point actually should be in order to build an effective business model but who knows maybe the ruling bodies/government figure it out and the marketplace explodes with a myriad of operators providing resplendent bonuses and reduced rake options and maybe a couple of exchanges like matchbook with seriously reduced rake. I am probably dreaming but fun to think about.

Reply by AndrewL

Gongor17 wrote on Thu, 08 February 2018 07:37

Think this analysis is spot on. We are most likely headed for a situation where either the federal or local/state governments will overtax/over regulate operators who would like to offer sports betting thus keeping all the real business off shore so in effect nothing will really change for anyone with a clue who does reasonable volume. It is basically like a business deciding to charge two to three times what their products price point actually should be in order to build an effective business model but who knows maybe the ruling bodies/government figure it out and the marketplace explodes with a myriad of operators providing resplendent bonuses and reduced rake options and maybe a couple of exchanges like matchbook with seriously reduced rake. I am probably dreaming but fun to think about.


Good take. There is little to no chance we're going to be provided with a product more attractive than what we currently have.


 
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