Okay so you may have heard recently that the Supreme Court decided to let individual states determine whether or not they wanted to allow legalized, regulated sports betting, weather in a casino or some other retail establishment. I've been asked recently a how I think this will affect the Nevada bookmakers. Here is my analysis.
I don't think it's going to have much of an effect Nevada books. The only people that it will have a real effect on, in my opinion, are illegal Sports books and bookies, which are most prevalent on the East Coast. I think it will affect them a great deal, but most of their customers we're not flying to Nevada to make Sports bets already, so instead they'll just stop using me legal bookies and go to the new legalized Sports books.
Another thing to consider is that most casinos in Nevada, both big and small ones, have stopped operating Sports books already and if just leased the space out to a company called William Hill. William Hill is a British company that operates Sports books and online sports betting all over the world. They just pay a rental fee to the casinos now for the space that they occupy. They use their own bank roll and pay debts off with their own money. I suspect you will see them expanding into some of these states with standalone facilities catering to sports bettors.
Obviously this new ruling by the Supreme Court is going to lead to much larger interest nationwide in the field of sports betting. That can't help but have a positive effect on the state of Nevada in the long run, as the more people get used to betting on sports the more likely they are to make a special trip to Nevada for say the Super Bowl, or World Cup, or whatever their favorite sporting event is.
Bottom line, sports betting is here to stay in the USA. Good luck everybody. And don't forget to check out our sponsor, Zoom Benefits. Click here to learn more.
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