The U.S. Supreme Court stunned many across the country, ruling that the Professional and Amateur Sports Protection Act of 1992 was unconstitutional.
The court’s decision wasn’t a surprise to anyone paying attention to the oral arguments in the Christie v. NCAA case on Dec. 4. It was only a matter of time.
So now what?
Monmouth Park Racetrack in Oceanport, New Jersey plans on accepting sports wagers on Monday, May 28. They have been working towards this date with William Hill Sports Book since 2013.
New Jersey isn’t alone. Connecticut, Mississippi, Pennsylvania, and West Virginia have passed sports betting bills and are next in line.
Fourteen other states have introduced bills, including Illinois. Senator Napoleon Harris, in Harvey, Illinois, is behind The Sports Wagering Act. Harris played in the NFL from 2002-08 and was a starting linebacker as a rookie for the Oakland Raiders in Super Bowl 37.
The early stages of this new world of sports betting will start with brick and mortar facilities. Race tracks and casinos, but we just had the opening coin toss of the game.
For states to maximize revenue, and lure bettors away from offshore sites and keep them from their “locals,” this must be a convenient experience. In 2018, if it isn’t available online and accessible on phones, driving 10 minutes to place a wager will get old. Sports gambling apps have done wonders for business in Las Vegas.
Down the road there will be betting kiosks throughout states and maybe even betting windows at Soldier Field and Wrigley Field.
All of the major sports leagues knew this day was coming, which explains why they made it public that they wanted a one percent integrity fee. This is what we call a shakedown. Everybody’s hands are out.
One percent may not sound like much, but it’s one percent of all wagers placed, even when the house loses. This would be roughly 20 percent of the sports books’ profits. The state of Nevada doesn’t pay an integrity fee. New Jersey and West Virginia have already voiced their opposition to paying such a fee to the sports leagues.
Remember the annoying FanDuel and Draft Kings ad blitz throughout the 2015 NFL season? Those days may be on the way back.
The daily fantasy companies are so valuable because they can join the sports betting space and already have a database of millions of customers in place. There is a high probability that if a consumer is willing to play DFS, they’re also willing to wager on sports.
In a statement, the National Football League said "Congress has long-recognized the potential harms posed by sports betting to the integrity of sporting contests and the public confidence in these events. Given that history, we intend to call on Congress again, this time to enact a core regulatory framework for legalized sports betting."
Shocking. The NFL wants every state to pay an integrity fee. They stand to benefit from increased fan engagement, but not as much as leagues like MLB and the NBA.
It wasn’t that long ago, the idea of an NFL team in Las Vegas was absurd. Construction on the Raiders’ $1.8 billion Vegas stadium continues.
Here’s an early look at the NFL win totals released by The Westgate Superbook:
Broncos Over 7
Bradley Chubb fell to John Elway in the draft and he’s salivating over the idea of pairing him with elite pass rusher, Von Miller. Case Keenum may not repeat his 2017, but he’ll have some nice receiving weapons in Demaryius Thomas and Emmanuel Sanders.
Chargers Over 9
The argument can be made that the L.A. Chargers are the best that the AFC has to offer. They dug themselves into an 0-4 hole with kicking woes last year and just missed out on the playoffs.
Seahawks Under 8
The Legion of Boom is no more. Richard Sherman, Michael Bennett, and Sheldon Richardson are gone, just a few. A rebuild is underway.
Joe Ostrowski hosts the “Early Odds” podcast and is a host and update anchor at 670 The Score. Follow him on Twitter @JoeO670.