Legalized Sports Betting

So, let’s revisit this topic. Since I first blogged about this several months ago, the landscape has changed a bit. New Jersey and Delaware now have full scale sports gambling. There has been somewhat of a learning curve for them and a few pains along the way. For the seasoned gambler, it’s obvious which bets, lines, and odds to stay away from. But the novice is jumping in, ready to gamble just because they can finally do so legally.

Most of you have seen the lines offered in New Jersey at a couple books. The lesson learned here is to ask questions long before you open up a sportsbook. This is the best case scenario for all involved. But as we progress to more states becoming legal, I’m sure this will be the case. New Jersey was somewhat of a guinea pig and the other states will benefit from this. Nevada knows how to do it. Reach out, learn from the best.

Five states have already passed a bill, so it’s just a matter of time before they’re up and running. New York, Rhode Island, Pennsylvania, West Virginia, and Mississippi are next in line. I believe, according to a report I saw a month ago, that Mississippi was to launch on July 21st, but there has been a small setback. It should happen any day. To date, 28 gaming licenses have been granted, including 14 casinos. These include several in Biloxi, if you want to gamble on the beach. Who doesn’t?

There are 14 other states that have introduced a bill, but have yet to pass it. The biggest chunk of these are in the Midwest. Michigan, Illinois, Kentucky, Ohio, Indiana, Iowa, Missouri, Kansas, Oklahoma, Louisiana, Connecticut, Maryland, South Carolina, and California are the states hoping to legalize at this time.

Many, myself included, are wondering how this will affect the games, especially at the collegiate level. This is something the leagues and the NCAA will be monitoring closely. I believe extremely strict laws and rules will have to be in place. We have to ensure that all participants are discouraged from being dishonest at every level.

So how will Vegas be affected? I think Vegas is so far ahead of the game that they won’t really be affected at all. At least not at first. They’re very good at what they do. Will the visitor rate decline? I’m sure it will, but not to the point where anyone will be worried. Las Vegas is so much more than the gambling, it’s an experience in and of itself. For me, I’m hoping they take a look at things like removing resort fees and parking fees to entice us to keep coming. Those are issues that every person I know who goes to Vegas seems to gripe about. But Vegas doesn’t need to change anything, not yet.

So I’ll be anxiously waiting for Kentucky, Ohio, or Indiana to pass their bill. I live in one and I’m 10 minutes away from the other two. Any of the 3 will be fine. In the meantime, I have my bookie. I also have my next Las Vegas trip planned for the middle of October. The next year or so will be exciting in the gambling world. Not only will it create jobs in that field, but more jobs in the community will open up as well. But we all need to remember one very important thing………….always gamble responsibly.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s