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correct which means every person at a jets or giants home game

 

if we're counting gas stations, bars, and grocery stores then there are over 500 places to gamble in milwaukee/chicago... in case you haven't been here lately, illinois has set up all these dumb little casinos in gas stations where they have 5-10 slot machines... and every bar in milwaukee can have 5 terrible slot machines

That's not that many people 16 times a year. Even if 50,000 people came from NY for every week of the NFL, that's not even one million.

 

Haven't been to Chicago in about three years but didn't see any slot machines in any of the gas stations. Here, they're in every one of them. And every grocery store (except Whole Foods and Trader Joe's). And every bar. And in all of the 100+ casinos. With sports betting in pretty much every bar and casino along with statewide apps.

 

I don't get why people think gambling volume will be any different percentage-wise there than it is in Nevada. The vast majority of people visiting Las Vegas are going to gamble and they are coming with the intention to gamble. People going to NFL games have families and shit a lot of the time. I doubt they're going to be lugging their kids into the Meadowlands so they can put $50 on the game.

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correct which means every person at a jets or giants home game

 

if we're counting gas stations, bars, and grocery stores then there are over 500 places to gamble in milwaukee/chicago... in case you haven't been here lately, illinois has set up all these dumb little casinos in gas stations where they have 5-10 slot machines... and every bar in milwaukee can have 5 terrible slot machines

 

I think you overestimating the # of people that want to bet but don't do it because it's not "legal".

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I think you overestimating the # of people that want to bet but don't do it because it's not "legal".

 

as i said 4 million people go to potawatomi every year, how many of those people play slot machines online?  close to 0

 

they only go there because it's legal

 

not too many people are going to go to a football game just to bet on it, but if they're there already and can throw $100 on it... then a hell of a lot of people will do that

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as i said 4 million people go to potawatomi every year, how many of those people play slot machines online?  close to 0

 

they only go there because it's legal

 

not too many people are going to go to a football game just to bet on it, but if they're there already and can throw $100 on it... then a hell of a lot of people will do that

 

It's not going to be that easy.  You have to load an account first at a casino.  They're probably not going to have windows at the stadium.  That probably won't even happen when the Raiders come to Vegas.

 

The better queston is:  How many of those 4 million people that go to Potawatomi would bet sports if it was available to them through the casino?  And I don't see how it's not going to be much different than the percentages you see in Nevada.

 

Why do you think people would gamble so much more on sports in NJ but not in Nevada?  People from other states and big cities like LA can already get to LV fairly quickly if they want.  Just like in NJ.

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That's not that many people 16 times a year. Even if 50,000 people came from NY for every week of the NFL, that's not even one million.

 

Haven't been to Chicago in about three years but didn't see any slot machines in any of the gas stations. Here, they're in every one of them. And every grocery store (except Whole Foods and Trader Joe's). And every bar. And in all of the 100+ casinos. With sports betting in pretty much every bar and casino along with statewide apps.

 

I don't get why people think gambling volume will be any different percentage-wise there than it is in Nevada. The vast majority of people visiting Las Vegas are going to gamble and they are coming with the intention to gamble. People going to NFL games have families and shit a lot of the time. I doubt they're going to be lugging their kids into the Meadowlands so they can put $50 on the game.

 

come back, it's totally nuts

 

some of these small stations (that are worth maybe $2 million) are netting over $600,000/year from slots

 

so a $2 million business becomes a $10 million business just by getting a license and putting in a few machines

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It's not going to be that easy.  You have to load an account first at a casino.  They're probably not going to have windows at the stadium.  That probably won't even happen when the Raiders come to Vegas.

 

The better queston is:  How many of those 4 million people that go to Potawatomi would bet sports if it was available to them through the casino?  And I don't see how it's not going to be much different than the percentages you see in Nevada.

 

Why do you think people would gamble so much more on sports in NJ but not in Nevada?  People from other states and big cities like LA can already get to LV fairly quickly if they want.  Just like in NJ.

 

east coast people are big sports fans/nuts

 

la to vegas is a 5 hour drive, nyc to jersey is 15 minutes

 

it will be interesting how this plays out in different states, and whether someone can just load an account on an app with a credit card/ach

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east coast people are big sports fans/nuts

 

la to vegas is a 5 hour drive, nyc to jersey is 15 minutes

 

it will be interesting how this plays out in different states, and whether someone can just load an account on an app with a credit card/ach

 

I'd love to see someone in Queens try to get to NJ in 15 minutes.  LA to Vegas is a $100, 45 minute flight.  SF to Vegas is a 1.5 hour flight.  Even shorter to Reno.

 

I'd put the odds of the ability to fund a regulated gambling account with a credit card in the next 10 years at about 0.0000001% right now.  You can't even do that INSIDE of a casino today.

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I'd love to see someone in Queens try to get to NJ in 15 minutes.  LA to Vegas is a $100, 45 minute flight.  SF to Vegas is a 1.5 hour flight.  Even shorter to Reno.

 

I'd put the odds of the ability to fund a regulated gambling account with a credit card in the next 10 years at about 0.0000001% right now.  You can't even do that INSIDE of a casino today.

 

:laugh

 

and i would love to see someone that can leave their house in la at 9am and be in vegas at 9:45am while only spending $100... i guess they can get free uber or free parking

 

between getting to the airport early, etc... it's still 3 hours+ from door to door

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:laugh

 

and i would love to see someone that can leave their house in la at 9am and be in vegas at 9:45am while only spending $100... i guess they can get free uber or free parking

 

between getting to the airport early, etc... it's still 3 hours+ from door to door

 

You can gamble right in the airport.

 

It might take you an extra 10-15 minutes to get to a casino if you have a carry on bag.  There's always about 12,000 cabs waiting there.  Maybe 25-30 minutes longer with a checked bag.

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That's not that many people 16 times a year. Even if 50,000 people came from NY for every week of the NFL, that's not even one million.

 

Haven't been to Chicago in about three years but didn't see any slot machines in any of the gas stations. Here, they're in every one of them. And every grocery store (except Whole Foods and Trader Joe's). And every bar. And in all of the 100+ casinos. With sports betting in pretty much every bar and casino along with statewide apps.

 

I don't get why people think gambling volume will be any different percentage-wise there than it is in Nevada. The vast majority of people visiting Las Vegas are going to gamble and they are coming with the intention to gamble. People going to NFL games have families and shit a lot of the time. I doubt they're going to be lugging their kids into the Meadowlands so they can put $50 on the game.

Nevada is basically one city. New Jersey is an entire populated state.

 

Also, the idea that people are going to be going to go to the racetrack and gamble and not do it online is offbase.

 

Nevada has not had to compete and is way behind the times. Things are going to change in the way people gamble.

 

It is all going online. It will be interesting to see how this tax rate on online gambling affects things but gambling is going to be a strictly online/phone activity in the long term.

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In Nevada, you have some basic casino companies that have basically done what they wanted the way they wanted and had protection provided by the US Govt.

 

That is falling away.

 

Companies like DraftKings are going to move into the space and these companies if they are not on their toes are going to sit back and say: "Oh, that's how we should have done it."

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I really don't know how you guys are thinking this stuff. I obviously have a completely different point of view but even my head is spinning on some of this.

 

FanDuel got bought despite having no gambling operation for the explicit purpose of providing gambling. DraftKing went straight for it on Day 1.

 

This predicts some very aggressive action coming up.

 

Also, there is zero resistance from politicians on any of this. They have completely surrendered which means this is going to expand much faster than people anticipate.

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Nevada is basically one city. New Jersey is an entire populated state.

 

Also, the idea that people are going to be going to go to the racetrack and gamble and not do it online is offbase.

 

Nevada has not had to compete and is way behind the times. Things are going to change in the way people gamble.

 

It is all going online. It will be interesting to see how this tax rate on online gambling affects things but gambling is going to be a strictly online/phone activity in the long term.

New Jersey is the size of my left nut.

 

There is zero chance that everything will be done online in the next 10 years. The casinos don't want that. The racetracks don't want that. They want people in their doors. There will be no way to create an account unless you go to one of them.

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In Nevada, you have some basic casino companies that have basically done what they wanted the way they wanted and had protection provided by the US Govt.

 

That is falling away.

 

Companies like DraftKings are going to move into the space and these companies if they are not on their toes are going to sit back and say: "Oh, that's how we should have done it."

Who do you think is going to be running the sports books?

 

Like DraftKings has a chance to out-lobby the casinos and racetracks...

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New Jersey is the size of my left but

 

There is zero chance that everything will be done online in the next 10 years. The casinos don't want that. The racetracks don't want that. They want people in their doors. There will be no way to create an account unless you go to one of them.

If the present casinos don't want it, I am sure DraftKings will be willing to do it. That's why I predict that one of the biggest sportsbook operations does not exist today. The casinos get first crack at it. If they don't provide what people want, they will be watching someone else take bets.

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If the present casinos don't want it, I am sure DraftKings will be willing to do it. That's why I predict that one of the biggest sportsbook operations does not exist today. The casinos get first crack at it. If they don't provide what people want, they will be watching someone else take bets.

Because DraftKings is going to out-lobby multi-billion dollar corporations. Right?

 

Do you have any idea how politics in the United States works?

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Because DraftKings is going to out-lobby multi-billion dollar corporations. Right?

 

Do you have any idea how politics works?

Possibly. DraftKings may be part of a multi-billion operation.

 

If they do not want it now, they are going to want it. Online sportsbook operations are almost no cost. They still have to compete against offshore. I don't think they are just going to hand it to them when it is there for the taking.

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Possibly. DraftKings may be part of a multi-billion operation.

 

If they do not want it now, they are going to want it. Online sportsbook operations are almost no cost. They still have to compete against offshore. I don't think they are just going to hand it to them when it is there for the taking.

You act like it is some giant cash cow. The government, banks, casinos, and racetracks want KYC protocols. And if they wanted people gambling online with credit cards, they'd already offer blackjack, slots, and other games online.

 

Not going to happen.

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