New Jersey governor signs bill allowing sports betting

ATLANTIC CITY, N.J. — Gamblers in New Jersey will be able to start betting on sports by Thursday under legislation the governor signed Monday legalizing a pastime that has long lived in the shadows of organized crime and shady offshore operators.

Gov. Phil Murphy, a Democrat, signed the bill just three weeks after the state won a U.S. Supreme Court victory paving the way for all 50 states to allow sports gambling. The new law allows licensed casinos and racetracks to offer sports betting in a taxed, regulated setting. The bill unanimously passed the state Legislature last week.

Monmouth Park, a horse track near the Jersey shore that has been preparing for this day for more than a year, said it would start taking bets Thursday morning, with Murphy making the first one, though it wasn’t certain it would be first out of the gate.

The Borgata, Atlantic City’s top casino, agen sbobet said it is “moving ahead with all possible speed” to start sports wagering but could not immediately say when it might take its first bet. Most other Atlantic City casinos, along with Freehold Raceway, also plan to offer sports betting but have not laid out a timetable to begin.

The Golden Nugget, which won’t be able to take bets on pro basketball because its owner also owns the NBA’s Houston Rockets, said it would begin taking bets on other sports by the time football season begins in September, as did the Meadowlands Racetrack in East Rutherford, near New York City.

Online wagering on sports won’t take effect for another month, but gamblers able to place a bet in person can line up to place bets on the opening matches of World Cup soccer, the U.S. Open golf tournament or a variety of Major League Baseball games.

“Our casinos in Atlantic City and our racetracks throughout our state can attract new business and new fans, boosting their own long-term financial prospects,” Murphy said. “This is the right move for New Jersey and it will strengthen our economy.”

Dennis Drazin, chairman and CEO of Darby Development, which operates Monmouth Park, called it “a great day for New Jersey.”

“After a thorough review of the legislation, Governor Murphy has taken decisive and swift action in the best interests of New Jersey’s economy and sports fans across our state,” he said. “I look forward to the governor joining us at Monmouth Park Racetrack on Thursday morning to usher in a new era for New Jersey by placing the first bet.”

Murphy’s office would not predict which team the governor would choose for his first wager.

Global Online Gambling and Betting Market: Betting Companies to Bet on Entry into Smartphone Apps

William Hill PLC, Playtech PLC, and Paddy Power Betfair PLC were the dominant players in the global online gambling and betting market for 2015. The market had also seen the names Amaya, ., and Ladbrokes Coral Group PLC marked as highly promising players expected to generate larger shares for themselves over the coming years.

According to a research report released by Transparency Market Research, the overall competitive landscape in the global online gambling and betting market is expected to become consolidated after experiencing a growth in the number of mergers and acquisitions. The nature of the market leaves very little scope for service differentiation which is currently restricting the entry for new players. Furthermore, the policies and regulations surrounding online gambling and betting are also highly stringent in several regions, leaving little scope of growth for new entrants. The global online gambling and betting market is expected to reach US$96.89 bn by 2024. The market is projected to expand at a CAGR of 10.8% from 2016 to 2024, and is expected to reach US$42.63 bn by the end of 2016.

Get PDF Sample of This Report .transparencymarketresearchmsamplesample.php?flag…

Online Gambling and Betting Companies Counting on Growing Scope of Smartphone Gaming

There is a clear increase in the number of consumer electronics being used by the day in all countries and across all economic levels. agen piala dunia The growing number of consumers using smartphones, tablets, and other portable electronic media and entertainment devices are currently a high priority demographic for the global online gambling and betting market. A TMR analyst states, “The expansive scope of consumer reach that these players can achieve through the use of smartphone apps alone is strong enough for them to consider creating standalone gambling and betting portals for mobile users. This allows the global online gambling and betting market to generate a staggering amount of income from users that like to play or bet using their smartphone on the go, rather than having to access websites on PCs or kiosks.”

Other factors driving the global online gambling and betting market include the incorporation of VR devices into online gambling games as a means to attract greater consumers with higher disposable incomes, and the added marketing attempts to bring conventional gamblers towards the online portals.

Multiple Key Regions Still Not Relenting Regulatory Pressure on Legal Gambling

One of the leading restraints acting on the global online gambling and betting market currently is the heavy regulatory pressure acting on the players based in the regions of North America, The Middle East, and Asia Pacific. The U.S. especially is a highly potent region for the global online gambling and betting market in terms of consumer pool, but is under extremely strict prohibitions and regulatory restrictions over the use and operation of online betting and gambling portals. As for The Middle East and Asia, the Muslim-dominated nations severely frown down on gambling or betting of any kind. However, the regulatory pressure on online gambling is expected to ease up over the coming years in the U.S. as their numbers and demand grow and present better tax return options to the states.

Sportingbet view: Arsenal

Our official betting partner Sportingbet take a look at the odds on offer for tonight’s Carling Cup third round tie against Arsenal at the Lane…

One of English football’s great rivalries is renewed on Tuesday night after the Carling Cup hat saw fit to draw Spurs v Arsenal at the first attempt this season, and the home side are 65 favourites to repeat their 200708 success.

That 5-1 drubbing at the Lane lives on fondly in Spurs fans’ memories and with Arsene Wenger surely set to stick with the kids in this competition, who’s to say there can’t be a repeat showing of that 1001 shot?

Much will depend on what kind of side Harry Redknapp selects now that Tottenham share their rival’s Champions League consideration, situs judi online but the inevitable Gunners’ youngsters are 1910 with Sportingbet.

The draw at 90 minutes could be a worthy punt if you think we’re in for a tight encounter on Tuesday night, with 2310 on offer for the prospect of extra time. And if you consider it a close enough contest, perhaps the To Qualify market is for you, where Spurs are 1320 and Arsenal 1110 to reach the Fourth Round.

If on the other hand it’s another Gunner-thumping you fancy, you can take your pick from 3-0 201, 3-1 161 or even 4-1 401 for some tastier prices.

Expect some squad players to do the business for Spurs? Tip Giovani to be First Goalscorer at 71 or else back the likes of Sandro 251 and Niko Kranjcar 81 in the same market.

And if you’re still to sign-up with Sportingbet, make sure you register an account now to take advantage of our limited time offer of a £50 Free Bet.

Simply log on and back your hunch at odds of at least 15 and we’ll match your bet with a free stake, giving you plenty of opportunity to find that winning score at Sportingbetm!

Blandford, who founded online bookmakers Sportingbet, also thinks that Tom Scudamore has a good chance on The Giant Bolster.

“I think Bobs Worth will win it,” said Blandford, this morning.

“It does look quite an open race but I think he’s the class horse.”

Herefordshire trainer Venetia Williams has 66-1 shots Katenko and Houblon Des Obeaux in the big race, which starts at 3.20pm on Friday.

Blandford added: “The other Herefordshire connection for the Gold Cup is Tom Scudamore riding The Giant Bolster and he’s a good horse. It’s quite telling that he’s 16-1 in the pricing.”

Eight-time champion jockey Peter Scudamore revealed his favourite for the Gold Cup at last week’s ‘From the horse’s mouth’ pre-Cheltenham Festival evening at the Castle House in Hereford.

There was disappointment at the festival yesterday Tuesday for Checkley owner Stewart Williams when King Massini was unseated his rider in the Baylis and Harding Handicap Chase.

CrownBet Could Rebrand as Sportingbet after William Hill Australia Takeover

Australian online sports betting operator CrownBet might rebrand as Sportingbet after buying William Hill’s Australian business, local news outlet The Australian reports. CrownBet was recently acquired by Canadian gambling giant The Stars Group, the parent company of online poker room PokerStars that purchased British operator Sky Betting & Gaming earlier this year.

First news about the future rebranding of the betting company emerged in April, when The Stars Group’s CEO, Rafi Ashkenazi, said that CrownBet Chief Matt Tripp intended to change the name of the combined CrownBetWilliam Hill Australia entity. According to The Stars Group estimates, the newly merged business could create gross cost synergies of about A$50 million by 2020.

British bookmaker William Hill entered the Australian gambling market in 2013 when it acquired Sportingbet’s local business, which also included the Centrebet and Tom Waterhouse brands, for £459.4 million. Early in 2018, William Hill announced that it was reviewing its Australian operations and it was considering a sale.

The sale was confirmed late in February, when CrownBet was selected as the winning bidder. Paddy Power, bet365, and Ladbrokes, too, bid for William Hill’s Australian entity. It was announced at about the same time that Canada’s The Stars Group was buying a 62% stake in CrownBet from Australian casino operator Crown Resorts. It was understood several weeks later that the Canadian gambling group has increased its interest in CrownBet to 80%.

While CrownBet has not confirmed yet that it would be rebranded as Sportingbet, it is believed that that name would be chosen due to Tripp’s prevous involvement with the brand. situs judi bola The executive and his family were actually the founders of the sports betting business.

He has recently told The Australian that his father was delighted and extremely happy that the Sportingbet business was back in the family.

CrownBet’s acquisition of William Hill’s Australian business created the nation’s third largest online sports betting operator, with Tabcorp, which recently merged its operations with rival Tatts in an A$11 billion deal, and Paddy Power’s Sportsbet being the two largest.

It is interesting to note that Sportsbet was once owned namely by Tripp and the success of the brand could, to a great extent, be attributed to his stewardship. He bought it in 2005 for A$250,000 to sell it nearly six years later to Paddy Power for the amount of A$338 million. As mentioned above, Sportsbet has meanwhile grown into one of the top operators into the highly competitive Australian sports betting field.

As mentioned, CrownBet is yet to comment on the planned rebranding of its business. The company told The Australian that it would disclose further details in due course but only after it had notified its customers about all future changes related to the major gambling operator, its branding, and its operations.

The Mouthpiece: Legal challenges of expanded sports betting

This is The Mouthpiece, a guest contribution by Martin Owens. If you would like to submit a contribution please contact Bill Beatty for submission details. Thank you.

Part one: Why Legislators Need Horse Sense

The big problem with widely publicized Supreme Court decisions is that people insist on reading all sorts of things into the decision. Things that would be nice to have, but simply aren’t there.

The first thing to remember about the Supreme Court decision in Murphy v NCAA ,is that it did not, repeat NOT actually legalize sports betting throughout the United States, as some seem to be claiming. What the decision did is to remove a Federal obstacle to states legalizing sports betting, if they so wish. That bears repeating: if they so wish. No state has to license sports betting. State governments maintain their plenary power over gambling. English translation – state governments can do anything they like with, to, or about gambling, so long as they don’t actually violate established constitutional protections in doing so.

A National Betting Regime?

But the Justices were careful to leave open the possibility that the Federal government can at any time choose to promulgate a national gambling policy and regulatory structure. In which case, agen sbobet the Federal rules would take precedence over most if not all state rules on the subject. Such an arrangement would be very appealing to both domestic and foreign gaming operators, and overseas regulators as well. For it would mean only one set of rules to follow, rather than threading a path through the vagaries of dozens of different state laws.

And such Federal intervention is still possible. Sen. Orrin Hatch R-UT is already working on legislation that will put legalized sports betting under Washington’s supervision. Political handicappers hold out little hope that such a bill would pass this year, however. Control of the House of Representatives is at stake, with many races predicted to be close. No candidate is liable to risk bad PR over a bill about Wicked Gambling, one of the stock boogie-men of American political theater. Sports betting in very particular has a bad history. The scandal involving baseball players taking payoffs to throw the World Series is still vividly remembered, even though it took place all the way back in 1919. It is an article of faith among proponents of public virtue that gambling is corrosive to the purity of American sport, and needs to be tightly controlled where it cannot be forbidden altogether.

Nevertheless, the door has been opened. And any state that wishes to walk through will have to depend on its legislators to get it right. And that means a series of decisions on policy, logistics, and everything else related to sports betting will have to be made, mostly under very challenging circumstances.

 

Sports betting is coming. Here’s what it looks like in the U.K.

LONDON — Dotted among the fried-chicken joints, pawn shops and Eastern European grocery stores on the main street of London’s East Ham neighborhood, the ubiquity of one type of outlet might seem alien to American visitors.

NBC News counted 15 betting shops while wandering a 1.3-mile stretch of High Street North on a recent afternoon.

“Residents hate it,” said Julianne Marriott, who represents the area on theLondon Borough of Newham’s council. “There are very few people who think it’s a good thing.”

With the industry changing rapidly within the U.K. — due largely to the advent of apps and online betting — it’s unclear what the world of sports gambling will look like even a few years from now.

But following the U.S. Supreme Court’s decision last month to strike down a federal law that required states to ban gambling on the outcome of sporting events, Britain’s £13.8 billion-a-year betting industry $18.4 billion may offer a glimpse into America’s future.

There are 8,351 betting shops across the U.K. They take bets on a range of sporting events, including soccer, cricket, rugby and horse racing, as well as the NFL and Major League Baseball.

High Street North in East Ham made national headlines in 2013 for having the highest proliferation of bookmakers of any place in the U.K.

Advertisements for gambling brands are also common during televised sporting events, agen piala dunia with some promoting the opportunity to place real-time bets on things that may happen seconds later.

But the adrenaline rush that comes with having money riding on a goal or a touchdown isn’t the whole story.

Britain’s Gambling Commission regulator in 2017 suggested that the number of problem gamblers had risen by about one-third, to 430,000 people, in just three years. The U.K. has a population of around 66 million.

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Mark Potter, 37, a former professional rugby player, says his gambling addiction started with a visit to a so-called high-street bookmaker — the legal shops that appear on Britain’s equivalent of Main Street.

“The straw that broke the camel’s back was that I sold my wife’s engagement ring and sold my kids’ stuff to gamble with,” Potter told NBC News.

Potter says that “very low point” was preceded by “stealing money, and getting arrested for committing fraud.” He also lost his job.

“I carried on betting, that didn’t make me want to stop,” said Potter, who lives in the northwest of England and now works for a company that educates athletes about the risk of gambling. “If you’re a problem gambler, you’ll always find a way to place a bet.”

Those issues have been exacerbated by another modern trend in the industry. Despite high-street bookies being a traditional hub for sports betting since the 1960s, most are now dominated by highly addictive fixed-odds betting terminals.

A type of electronic slot machine, the betting terminals are accused of targeting some of the most vulnerable people in British society and contributing to the growing number of problem gamblers.

Peter Nicholls Image: Fixed odds betting terminalsCustomers are currently able to bet up to £100 $133 every 20 seconds playing virtual games of roulette or bingo on fixed-odds betting terminals. The U.K. government last month announced that the maximum stake would be reduced from £100 to £2 in 2019.

Sports betting is coming to America. Here’s what it looks like in Britain.

Mark Potter, 37, a former professional rugby player, says his gambling addiction started with a visit to a so-called high-street bookmaker — the legal shops that appear on Britain’s equivalent of Main Street.

“The straw that broke the camel’s back was that I sold my wife’s engagement ring and sold my kids’ stuff to gamble with,” Potter told NBC News.

Potter says that “very low point” was preceded by “stealing money, and getting arrested for committing fraud.” He also lost his job.

“I carried on betting, that didn’t make me want to stop,” said Potter, who lives in the northwest of England and now works for a company that educates athletes about the risk of gambling. “If you’re a problem gambler, you’ll always find a way to place a bet.”

Those issues have been exacerbated by another modern trend in the industry. Despite high-street bookies being a traditional hub for sports betting since the 1960s, most are now dominated by highly addictive fixed-odds betting terminals.

A type of electronic slot machine, situs judi online the betting terminals are accused of targeting some of the most vulnerable people in British society and contributing to the growing number of problem gamblers.

Customers are currently able to bet up to £100 $133 every 20 seconds playing virtual games of roulette or bingo on fixed-odds betting terminals. The U.K. government last month announced that the maximum stake would be reduced from £100 to £2 in 2019. Peter NichollsReuters file

Marriott, the council member who represents the left-leaning Labour party, also expressed concerns about how betting has evolved in recent years.

“My grandad use to go to the betting shops to place a bet on the horses, but now it’s very different,” Marriott said. “That’s very different to going to a betting shop, and just standing there and pressing a button … and then winning or losing money in massive amounts. It’s almost not the same thing.”

BLINK AND YOU’LL MISS THE CHANCE TO BET

Cellphones have also changed Britain’s sports betting industry.

Remote gambling using apps or websites as opposed to high-street shops is now a £4.7 billion $6.3 billion a year industry. It accounts for 34 percent of the entire U.K. betting market, a proportion that is growing all the time.

Nine of the 20 soccer teams in the English Premier League have jerseys sponsored by online betting firms from around the world; East Ham’s soccer team, West Ham United, is one of them. Most teams also have official betting partners.

Sunderland academic backs gambling changes to reduce maximum stakes fixed-odds betting machines

A Sunderland psychologist has welcomed moves to reduce gambling stakes.

Dr Helen Knight, a lecturer in psychology at the University of Sunderland said gamblers have a primal need to chase the loss which has led to North East gamblers losing millions of pounds on controversial Fixed-Odds Betting Terminals.

The Government recently stepped in to reduce the maximum stake that can be gambled on the FOBT machines, often found in bookmakers across the UK.

The intervention comes amid concerns that North East gamblers are losing massive sums on the terminals, dubbed the ‘crack-cocaine of gambling’.

Currently, people can bet up to £100 every 20 seconds on the electronic casino games, which Culture Secretary Matt Hancock labelled “a serious social blight”.

Reports suggest in the North East alone, gamblers lost a total of £43m to FOBTs in 2016. Over the past decade, the figure is estimated to be around £300m.

Dr Knight, said: “This is a very positive step by the government. If you look at the industry statistics, which you can find readily available on the Gambling Commission’s website, gaming machines, which include Fixed-Odds Betting Terminals, made a total gross yield of £2.7 billion, which was a 2.6% increase from the previous year.”

Fixed-Odds Betting Terminals are gaming machines which allow people to play virtual games at a terminal in the betting shop.

There are two categories of games available on the gaming machines betting shops are allowed. B3 games have a maximum stake of £2 whilst B2 games have a maximum stake of £100.

Dr Knight, said: “The psychology behind gambling is really interesting, and unfortunately, agen sbobet the gambling industry plays into many of these aspects of human behaviour.

“The leading theory relates to the idea that we learn to gamble. Conditioning is a concept wherein we learn to behave in certain ways via rewards and punishments.”

She said in gamling the positive rewards would be winning money when we win.

Dr Knight, added: “In addition, for machine gambling there is also often a cascade of bright lights, happy sounds and visual praise which adds to that positive reward.”

She said people who are stressed or worried can ofter lose these feelings when they are playing on gaming machines.

Also, she said humans are very immediate creatures, and the punishments from gambling, such as loss of job and family, do not occur immediately after placing a bet.”

On top of all of this, Dr Knight says that winning on betting machines activates the brain in a certain way.

She said: “Winning produces activation in a network of the brain called the mesolimbic dopamine reward network.

“This network has been vital for humans, evolutionarily speaking. We get a biological reward for engaging in certain behaviours which have helped us to survive and

reproduce – behaviours like eating and sexual activity. The problem is that winning a bet also produces activation in this same network.”

The Guardian view on betting advertising: not during the games

Images Marcus Rashford celebrates with England team-mates Phil Jones, Jordan Henderson and Trent Alexander-Arnold during Thursday’s friendly match against Costa Rica at Elland Road.

The World Cup starts next week, a truly global festival that unites bookmakers all around the planet in pursuit of gamblers’ cash. Whichever team wins on the pitch, the firms which advertise on the virtual hoardings all around it and in the commercial breaks will profit. Sports gambling is a massive business, not just in this country; the more it spreads, the more it seems to be turning into a public health problem and one which is singularly resistant to effective regulation. Technology and austerity combine to make it dangerous in ways which the Labour politicians who liberalised gambling laws in the early part of this century could not have foreseen. There are really only two classes of people for whom gambling has a certain logic: those who can well afford their losses and those who can’t afford not to win because they have no reasonable prospects of making money otherwise.

Austerity diminishes, perhaps, the number of people who can really afford to gamble for fun, but greatly increases the number for whom anything less than a miracle seems inadequate. situs judi online Lotteries sell hope to people who have nothing else. It’s not a coincidence that betting shops cluster in the most deprived areas of our cities, where hardly any other commerce flourishes. At the same time technology has made more compelling, and sometimes compulsive, forms of betting easier to devise and trivial to manufacture. We have seen that in the development of fixed-odds betting terminals, whose destructive powers were at long last curbed last month, when Matt Hancock, the minister responsible, announced that the maximum stake would be lowered from £100 to £2. That was a brave and right decision. These machines are designed to be as hard as possible to walk away from and as easy as possible to play.

Hard though it is for an addict to walk away from a gambling machine, it is harder still to walk away from a mobile phone. Betting shops and betting advertising have moved into this space just as everything else has. The ability to bet on live sports events while you’re watching them on TV, or even on your phone screen, makes gambling easier and less special than ever, and that makes it more compulsive. The gambling industry is well aware of this and is doing its best to avert serious regulation, just as the tobacco industry did before it. Age controls, feeble advice in betting shop windows “When the fun stops, stop” and restricted advertising before the watershed all seem to be acts of self-regulation. But none of them can remotely counter the effect of unrestricted advertising during live sporting events such as the World Cup. Some 95% of televised football matches last year had gambling advertisements shown in their commercial breaks. These build on the excitement of the game in a way which makes perfect sense to the bookmakers, but ads which urge people to bet on the games they are watching should never be shown before the watershed. They mark the point where the fun stops – and they should stop now.