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NJ Governor signs sportsbetting into law

Posted By: Yonkers

NJ Governor signs sportsbetting into law - 06/12/18 07:50 PM

How much do you think Organized Crime will lose out on gambling and loansharking because of this new law?

I think it will hurt them pretty bad. Especially if Pennsylvania and New York follow suit.
Posted By: OakAsFan

Re: NJ Governor signs sportsbetting into law - 06/12/18 07:58 PM

New Jersey's legalization hurts bookmakers in both NYC and Phily. Jersey's but a short drive for both.
Posted By: OakAsFan

Re: NJ Governor signs sportsbetting into law - 06/12/18 08:01 PM

And you better believe they're going to have books just off the freeway from NY or Phily, right on the state's borders, to serve the cities.
Posted By: pmac

Re: NJ Governor signs sportsbetting into law - 06/12/18 08:43 PM

the more i think about it. degenerates dont want to pay taxes. you hit over 600 hundred keno, scratch tickets ect. in most states on lottery they take a piece. what it you hit a parlay for a few grand you want the state tacking 20 percent. and what if bookies have way better odds and the state trys to have there own lines? could be a shit show. but the feds will crack down heavy on bookies in nj for tax evasion and shit thats what there doing to big weed dealers in mass now since a jury will have sympathy to a weed dealer lets hit them with money luandering, tax evasion, mail fraud ect. these are all federal laws to fuck you and take your house and cars.
Posted By: pmac

Re: NJ Governor signs sportsbetting into law - 06/12/18 08:57 PM

i wanna see who in mass. will get appointed to the new legalized sports betting commission it will be great great grandkids of the guys who signed the declaration of independence. 150k a yr for life like the weed commission members its nuts non of them ever smoked weed
Posted By: Fleming_Ave

Re: NJ Governor signs sportsbetting into law - 06/12/18 10:43 PM

That, and I don't think legal sports books offer credit, so that's another advantage the regular bookmakers have. And I think you will have to go to the racetrack or casino to place the legal bets, not over the phone.




Originally Posted by pmac
the more i think about it. degenerates dont want to pay taxes. you hit over 600 hundred keno, scratch tickets ect. in most states on lottery they take a piece. what it you hit a parlay for a few grand you want the state tacking 20 percent. and what if bookies have way better odds and the state trys to have there own lines? could be a shit show. but the feds will crack down heavy on bookies in nj for tax evasion and shit thats what there doing to big weed dealers in mass now since a jury will have sympathy to a weed dealer lets hit them with money luandering, tax evasion, mail fraud ect. these are all federal laws to fuck you and take your house and cars.
Posted By: Serpiente

Re: NJ Governor signs sportsbetting into law - 06/12/18 11:18 PM

Possibly a 10 % - 15 % loss at most .
Posted By: pmac

Re: NJ Governor signs sportsbetting into law - 06/12/18 11:22 PM

youll be seeing huge sweeps in new jersey on evry bookie, so bacially every mafia crew in nj will be losing a few friends to get the point across theres a new game in town.
Posted By: pmac

Re: NJ Governor signs sportsbetting into law - 06/12/18 11:23 PM

gotta to make a few examples
Posted By: WhackWhack

Re: NJ Governor signs sportsbetting into law - 06/13/18 09:25 AM

I am taking the opposite end of the spectrum. I think legalized gambling will be a boon for Cosa Nostra. Tax free winnings, better odds, more secretive, instant pay offs and of course you know what goes hand in hand, loansharking aka a "friendly loan" at "reasonable" rates by your mafioso friend.


Degens are going to degen. The mafia will still make $$$$$s from gambling. He
Posted By: Serpiente

Re: NJ Governor signs sportsbetting into law - 06/13/18 10:38 AM

Whack / Pmac definitely possible but they will prevail as log as there are tight neighborhoods it will never go away.
Posted By: DanteMoltisanti

Re: NJ Governor signs sportsbetting into law - 06/13/18 12:35 PM

Bookies in Jersey are concerned that now the state is going to put heat on them to eliminate some competition, that's what I've heard multiple times from multiple guys here in Jersey.
Posted By: sbhc

Re: NJ Governor signs sportsbetting into law - 06/13/18 03:16 PM

I don't understand why you Americans don't just legalise sports betting across the entire country.

It's massive industry over here in Ireland and the UK. We have multiple betting chains operating in every town, city village. Gambling is almost part of the culture as horse and greyhound racing are hugely popular.

It's all regulated and taxed. Big earner for the State each year.
Posted By: Yonkers

Re: NJ Governor signs sportsbetting into law - 06/13/18 03:57 PM

Originally Posted by sbhc
I don't understand why you Americans don't just legalise sports betting across the entire country.

It's massive industry over here in Ireland and the UK. We have multiple betting chains operating in every town, city village. Gambling is almost part of the culture as horse and greyhound racing are hugely popular.

It's all regulated and taxed. Big earner for the State each year.


Well it just was legalized federally. Now each state has the choice of legalizing it.
Posted By: Serpiente

Re: NJ Governor signs sportsbetting into law - 06/13/18 04:34 PM

Originally Posted by DanteMoltisanti
Bookies in Jersey are concerned that now the state is going to put heat on them to eliminate some competition, that's what I've heard multiple times from multiple guys here in Jersey.



Automatic Dante they will just have to think and get people where they already should have people like we did .
Posted By: jace

Re: NJ Governor signs sportsbetting into law - 06/14/18 12:52 AM

Goes anyone think it will create more gamblers and backfire. It also gives illegal bookies a place to look for new customers, plus lay off bets.
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