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May 27th, 2012
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NJ Governor signs sportsbetting into law #943452
06/12/18 02:50 PM
06/12/18 02:50 PM
Joined: May 2014
Posts: 64
Yonkers, NY
Yonkers Offline OP
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Yonkers  Offline OP
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Posts: 64
Yonkers, NY
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.

Re: NJ Governor signs sportsbetting into law [Re: Yonkers] #943453
06/12/18 02:58 PM
06/12/18 02:58 PM
Joined: Oct 2013
Posts: 4,224
Green Grove Retirement Communi...
OakAsFan Offline
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Green Grove Retirement Communi...
New Jersey's legalization hurts bookmakers in both NYC and Phily. Jersey's but a short drive for both.


"...the successful annihilation of organized crime's subculture in America would rock the 'legitimate' world's foundation, which would ultimately force fundamental social changes and redistributions of wealth and power in this country. Meyer Lansky's dream was to bond the two worlds together so that one could not survive without the other." - Dan E. Moldea
Re: NJ Governor signs sportsbetting into law [Re: Yonkers] #943454
06/12/18 03:01 PM
06/12/18 03:01 PM
Joined: Oct 2013
Posts: 4,224
Green Grove Retirement Communi...
OakAsFan Offline
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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.


"...the successful annihilation of organized crime's subculture in America would rock the 'legitimate' world's foundation, which would ultimately force fundamental social changes and redistributions of wealth and power in this country. Meyer Lansky's dream was to bond the two worlds together so that one could not survive without the other." - Dan E. Moldea
Re: NJ Governor signs sportsbetting into law [Re: Yonkers] #943458
06/12/18 03:43 PM
06/12/18 03:43 PM
Joined: May 2012
Posts: 5,938
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pmac Offline
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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.

Last edited by pmac; 06/12/18 03:47 PM.
Re: NJ Governor signs sportsbetting into law [Re: Yonkers] #943463
06/12/18 03:57 PM
06/12/18 03:57 PM
Joined: May 2012
Posts: 5,938
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pmac Offline
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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

Re: NJ Governor signs sportsbetting into law [Re: pmac] #943473
06/12/18 05:43 PM
06/12/18 05:43 PM
Joined: Feb 2014
Posts: 509
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Fleming_Ave Offline
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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.

Re: NJ Governor signs sportsbetting into law [Re: Yonkers] #943475
06/12/18 06:18 PM
06/12/18 06:18 PM
Joined: Jul 2013
Posts: 2,783
Serpiente Offline
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Possibly a 10 % - 15 % loss at most .


Cackling like a banty Rooster.

I love this," "I just love this."
Re: NJ Governor signs sportsbetting into law [Re: Yonkers] #943477
06/12/18 06:22 PM
06/12/18 06:22 PM
Joined: May 2012
Posts: 5,938
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pmac Offline
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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.

Re: NJ Governor signs sportsbetting into law [Re: Yonkers] #943478
06/12/18 06:23 PM
06/12/18 06:23 PM
Joined: May 2012
Posts: 5,938
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pmac Offline
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Joined: May 2012
Posts: 5,938
gotta to make a few examples

Re: NJ Governor signs sportsbetting into law [Re: Yonkers] #943500
06/13/18 04:25 AM
06/13/18 04:25 AM
Joined: Jan 2018
Posts: 110
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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

Re: NJ Governor signs sportsbetting into law [Re: Yonkers] #943501
06/13/18 05:38 AM
06/13/18 05:38 AM
Joined: Jul 2013
Posts: 2,783
Serpiente Offline
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Posts: 2,783
Whack / Pmac definitely possible but they will prevail as log as there are tight neighborhoods it will never go away.


Cackling like a banty Rooster.

I love this," "I just love this."
Re: NJ Governor signs sportsbetting into law [Re: Yonkers] #943507
06/13/18 07:35 AM
06/13/18 07:35 AM
Joined: Feb 2014
Posts: 1,692
New Jersey
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DanteMoltisanti Offline
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New Jersey
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.

Re: NJ Governor signs sportsbetting into law [Re: Yonkers] #943527
06/13/18 10:16 AM
06/13/18 10:16 AM
Joined: Jun 2014
Posts: 187
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sbhc Offline
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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.

Re: NJ Governor signs sportsbetting into law [Re: sbhc] #943528
06/13/18 10:57 AM
06/13/18 10:57 AM
Joined: May 2014
Posts: 64
Yonkers, NY
Yonkers Offline OP
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Yonkers, NY
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.

Re: NJ Governor signs sportsbetting into law [Re: DanteMoltisanti] #943534
06/13/18 11:34 AM
06/13/18 11:34 AM
Joined: Jul 2013
Posts: 2,783
Serpiente Offline
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Serpiente  Offline
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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 .

Last edited by Serpiente; 06/13/18 11:34 AM.

Cackling like a banty Rooster.

I love this," "I just love this."
Re: NJ Governor signs sportsbetting into law [Re: Yonkers] #943603
06/13/18 07:52 PM
06/13/18 07:52 PM
Joined: Jul 2012
Posts: 1,252
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jace Offline
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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.

Last edited by jace; 06/13/18 07:55 PM.

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