Sports betting coming to New Jersey?

Search

Rx Managing Editor
Joined
Apr 20, 2002
Messages
2,539
Tokens
In 1993, New Jersey was eligible for an exemption from the federal law that banned sports betting. However, the city had a small window of opportunity, which closed on January 1, 1994. At that time, fears of possible corruption and opposition from several parties kept the New Jersey Legislature from putting a constitutional amendment on the ballot to approve legal sports betting in the state.

Get Fezzik's entire story by going to the RX home page at www.therx.com

Charlie
 

New member
Joined
Sep 20, 2004
Messages
699
Tokens
Trumps casinos are apprently in trouble. With all the pub from "The Apprentice" and his need to generate more revenue for his casinos, do you see him wanting to get behind legalized sports betting in NJ...or is he afraid of the sharps and just wants little old ladies to lose money at the slots?
icon_biggrin.gif
 

Another Day, Another Dollar
Joined
Mar 1, 2002
Messages
42,730
Tokens
Good read Fezzik.

I agree with you that there have been many point shaving scandals over the years and I believe that legalizing sports betting will not make a difference. These Kids and anyone else can get down on a game irregardless so you may as well legalize it and reap the rewards.

Kudos to Gov McGreevey for keeping an open mind.
 

Member
Joined
Sep 20, 2001
Messages
4,009
Tokens
I agree as well

Sportsbetting in nevada accounts for 1% of total gaming win

in NJ it would surely be less

I heard some legislator in NJ say it would be millions of dollars in tax revenue

Not true though

if nevada sportsbook win was around 120M and the tax rate was the NJ's rate (what is it 8-9%) then it would be 8 or 9 million max

but again NJ wouldnt win as much as nevada
 

Member
Joined
Sep 20, 2001
Messages
4,009
Tokens
yes obviously

however my point was that NJ would not come anywhere near the 120M that Nevada generated - I referred to the nevada figure as an extreme maximum.

NJ's gaming win was less than half of Nevadas in 2003 meaning in my asssumption roughly that they would be lucky to achieve a total sports book win of over 40 million or so in their first few years of operation - very lucky.

9% of 40M is about 3.6M - yes it could be called millions of dollars but it doesnt exactly strenghten your arguement to go around proclaiming that its gonna be "millions of dollars" more in tax revenue. when looking at reality its peanuts in the big picture.
 

New member
Joined
Sep 21, 2004
Messages
754
Tokens
Don't underestimate the people that hate offshores/bookies that would drive from Philly/NY.

I expect NJ could make 50-75/mm per year. Of course, as I wrote, I'd strongly recommend NO college betting be allowed in NJ. That would knock the estimate down to 25-40mm.
 

New member
Joined
Sep 21, 2004
Messages
8,781
Tokens
Smart way to do gambling legalization is to put as little as you can into it and then later lobby when no problems come up. In this case I would say legalize pro sports and maybe just football. The whole point of casinos having sports betting is to create a reason for someone to come and stay. NFL is perfect for that, the late games would be great for AC getting people to spend all day instead of busting out of town in the early afternoon. I think it is a quiet little factor of why Vegas values the NFL much more than NCAA. Saturday a casino gets a good crowd no matter what, but Sunday is the swing day and if you go to Vegas around 6pm on a Sunday outside of football season you know exactly what I mean. The town takes a deep breath as almost all the tourists are out and the next round of tourists slowly rolls in. In AC with the eastern time zone you could keep people around all the way until 11:30 and extra hours of crowds is worth much more than the win/loss on the bets alone.
 

Member
Joined
Sep 20, 2001
Messages
4,009
Tokens
great point it does add to the overall value of the visiting experience

Im not sure fezzik about the 50-75M per year potential at least over the first 5 years or so - yes its a great location with NY and philly among other big sports towns but people travel from all over the place to visit the nevada books, and many of them just to bet on sports - plus the books are so well established I gotta believe it would take a few years anyway for the ones in NJ to get to their peak.
 

New member
Joined
Sep 21, 2004
Messages
754
Tokens
I'm surprised we haven't had a discussion on fixed games here.

ASU, NWU, and BC all got caught in scandals. Any thoughts on how many programs fixed at least one game? I guess 30 or so. I'd welcome thoughts from others on this!
 

Another Day, Another Dollar
Joined
Mar 1, 2002
Messages
42,730
Tokens
Fezzik,

As Bobby Knight said, If we only knew the extent of teh cheating that goes on, we would be amazed.

It is baffeling though how many people will argue that no games are fixed, especially in the NBA
icon_smile.gif
 

New member
Joined
Sep 21, 2004
Messages
754
Tokens
How about that Lakers/Kings game?

It would be incorrect to say it was "fixed", but the knowledge that Kobe was going to not shoot most certainly made Sacr and the under monster bets.
 

New member
Joined
Sep 21, 2004
Messages
448
Tokens
AC is such a $hithole i still wouldn't go there besides it's never going to happen anyway.
 

Another Day, Another Dollar
Joined
Mar 1, 2002
Messages
42,730
Tokens
I think the officials in the NBA tamper with outcomes ATS, but no concrete evidence. That Crawford is head of the pack.
 

New member
Joined
Sep 21, 2004
Messages
929
Tokens
to many college and pro teams around.they will go focking crazy if sports betting was legalized in ac.never happen.
 

New member
Joined
Sep 21, 2004
Messages
8,781
Tokens
I always laugh when the coach talks about how terrible it is to have people betting on his games. It ain't a problem that people are coming to their games and getting hammered on overpriced beer and yelling profanities before driving home intoxicated is it Dean Smith or Lou Holtz? No you just worry about those hordes of fans booing you because you didn't cover the spread. Come on, what BS! Fans boo you for anything and everything, if you don't cover the spread it just might mean you played under expectations don't you think? Maybe they booed you for that? What do I know, I have been to countless college games and have never heard this purported booing by disgruntled gamblers, but I will keep listening for your guys' sake...
 

Another Day, Another Dollar
Joined
Mar 1, 2002
Messages
42,730
Tokens
College gambling may not be as pervasive as previously thought, according to a recent Harvard Medical School study.

The study, the first nationally representative survey of gambling among college students, found that college students also are at no more risk for problem gambling than the general adult population. The study was funded by the Robert Wood Johnson Foundation and the National Center for Responsible Gaming.

“There has been so much discussion in the popular press about the prevalence of gambling among college students,” said lead author Richard LaBrie, associate director of the medical school’s Division on Addictions. “So I think the finding was a little bit of a surprise.”

According to the survey, which used data from the 2001 Harvard School of Public Health College Alcohol Study, 42 percent of college students gambled in the past year — a little more than half of the 82 percent prevalence rate seen in U.S. adults. The study also found that 2.6 percent of college students gambled at least weekly during the school year compared to 23 percent for adults. Being male and at least 21 years old were the key demographic factors to being a college gambler.

Previous studies, including one by Harvard Medical School, pegged the incidence of gambling among college students as up to three times higher than the rate for adults. LaBrie cites issues with methodology as likely culprits for the disparity. Past studies, for example, tended to focus on populations where higher incidences of gambling were expected.

“People who are studying a phenomenon go where the phenomenon is,” LaBrie said. “That tends to increase the observed prevalence.

“But I think that people who have been working more generally in this field are not going to be surprised by our findings.”

Bill Eadington, director of the Institute for the Study of Gambling and Commercial Gaming at the University of Nevada, Reno, said he views numbers from previous college gambling studies with skepticism.

“People of college age have different financial circumstances than adults,” Eadington said. “Quite often, they’re very financially limited.

“That doesn’t mean that there is no issue with college gambling, but it certainly casts suspicion that college rates were two to three times higher than adults.”

One thing that would be interesting to see, Eadington added, is if there are differences in colleges based on access to gambling and other social factors. According to LaBrie, such differences were actually observed in the study: Some campuses reported no gambling — particularly religious schools. Others had prevalence as high as 13.5 percent.

At the University of Nevada, Reno, sports betting is “the thing” right now, says Warren Walker, a 23-year-old business marketing and music major. Walker says he doesn’t bet much because he’s “broke as hell.” Nevertheless, gambling is a popular activity within his circle of friends, he said.

“All my friends gamble,” Walker said. “Blackjack, poker, roulette — you name it.

“I think that (the rate of gambling) is higher here for sure because there’s nothing else to do. If we’re bored, sometimes we’ll just go, ‘Hey, let’s play blackjack.’”

Meanwhile, Beryl Nakazawa, 19, a nursing major, says she and her friends don’t gamble, mirroring findings that college guys tend to gamble more than college women. Occasionally, Nakazawa said, she might take part in friendly bets on sporting events with friends.

“But that’s more like a group thing,” she said. “I wouldn’t do it on my own.”

One group activity that Walker also sees involves “in-house games,” which can cater to underage students. His friend Matt Bradley, 23, a marketing major, thinks age especially is a key factor when it comes to students’ gambling habits.

“A lot of people, when they first turn 21, they tend to gamble more,” Bradley said. “But as they get older, it just becomes an occasional thing.”

Research seems to support Bradley’s assessment.

According to Eadington, the natural maturation process humans go through helps explain why many people who gambled frequently in their youth end up as non-gamblers in adulthood. There’s also evidence that the part of the brain that regulates self-control usually lags developmentally compared to other areas, LaBrie added.

Tying in to such observations are findings from the study showing that students who gamble are more likely to engage in risky behaviors such as binge drinking and having unprotected sex. This suggests that the problem may run deeper than just the act of gambling itself. At the same time, such commonality also has potential from a treatment standpoint — what works in treating binge drinking might also work in treating problem gambling, LaBrie said.

Ultimately, the litmus test for this study’s findings is what the next study finds, Eadington said. With gambling being offered in more states and via the Internet, and events such as the World Poker Tour garnering attention, there’s a chance that changing attitudes can fuel more gambling.

LaBrie agrees that prevalence of college gamblers can change. For now, though, he hopes that their findings will be useful in coming up with better treatment methods for problem gamblers.

“If you have problems that are very predominant, then you can put a lot of energy and get a lot of rewards from general strategies,” LaBrie said. “But with college gambling, speaking to the whole population may not be the best way to spend limited resources. Instead, you want to make your efforts more focused and practical.

“College gambling is hardly the epidemic (they say it is), but that doesn’t mean you can ignore the problem.”

http://www.rgj.com
 

Forum statistics

Threads
1,119,879
Messages
13,574,618
Members
100,879
Latest member
am_sports
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com