Legal gambling from your phone could be a $150 billion industry, but making it happen will be tough

  • 📰 CNBC
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

The two dominant sports betting apps in New Jersey are racing to capture the $150 billion sports-betting market, but they have a treacherous road ahead of them as they look to become operational throughout the U.S.

tacked on to your initial deposit. Australian company PointsBet offers a $50 bonus. Most of the major companies also offer "risk-free" bets for signing up, where the sportsbook will refund initial bets that end up losing. At any given time, a sportsbook may offer five or more promotions, including betting on non-game events such as the NFL Draft, which frequently change day to day or week to week.

In some circumstances, algorithms provide early payouts to bets, such as my Molinari bet, to give sports gambling a stock market feel.There are also in-game bets, which maximize "engagement," or ongoing attention to game.

"If a guy comes into my office and says I'm going to build a sportsbook, the answer is no," Martino said. "You've got the land-based casinos, you've got FanDuel and DraftKings, that's a race to the bottom. The margin on that is going to get dang close to zero.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Time to buy up some stock.

There are many applications already live... y’all just don’t know where to look. lookout 👀

Making it happen is easy. The government writing laws to make sure the right donors get the most benefit is tough.

Irresponsibly foolish...

That is 150 billion lost in purchase of value.

Betting from your phone is a 400 billion dollar industry already, now we just need to make it legal.

Shush, you’re giving the Chumps ideas for their next adventure giving the shaft to people.

I Am Waiting For The Poker...

Ughhhh build an App and put it in the App Store.. easier for me to buy a gun than place a bet I can cash out!!

Well yeah, it's a gamble.

Do it

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The legal questions for Trump the Mueller report did not answerWhile the Mueller report answered plenty of legal questions, behind its redactions it raised new ones. What could they mean for Pres. Trump? We asked Joyce Vance and Jill Wine-Banks. BS, if a person is not indited, then the law states you can not 'punish' them by repeats lies or claims that are not founded. The Dem's attempted to stop all releases of Starr report That was not about sex, regardless what you cry about, but perjury in a Federal trial Hold collusion Hold obstruction Special orders don't upset us Bob will cook a Mueller Report so...you can have it your way !
Source: MSNBC - 🏆 469. / 51 Read more »

Fox News legal analyst predicts court 'will allow' Congress to subpoena Trump's tax returns despite lawsuit“Once they state something even related to a congressional purpose, the court, I think, will allow this to go through,” said Andrew Napolitano, a former judge. Also, despite the audit. 🙄 Meanwhile Trump's not defying the Democrats, Or battling Congress. He isn't defying the Constitution. He's far worse. 'It may be closest to the truth to think of Trump as a cosmic Jeffrey Dahmer. When he is through raping America, he will kill her, and eat her.'
Source: Newsweek - 🏆 468. / 52 Read more »

Jussie Smollett case: Brothers accused of carrying out attack sue actor's legal team for defamationThe two brothers who say 'Empire' actor Jussie Smollett paid them to stage his Jan. 29 assault announced that they are filing a federal defamation lawsuit against his legal team, including celebrity attorney Mark Geragos. Well, if they can’t get work they should get paid somehow. Hope they and the City of Chicago win their suits. JussieSmollett should be held responsible being the prosecutors office failed to do its job. Ah, yeah, un-indicted co-conspirator Geragos. Ask him how Scott Peterson is doing.
Source: USATODAY - 🏆 100. / 63 Read more »

Legal expert says Mueller report far more damaging than Barr saidAttorney General William Barr is seen by many to have apparently attempted to spin the redacted Mueller report in Donald Trump’s favor. Joy Reid and her panel discuss how Barr is believed to have presented a narrative that is far less damaging than what the report actually says. This corrupt man is realDonaldTrump’s AG not America’s AG. Apparently? He was practically wearing a henchman’s uniform. I think he looks like an even heavier Nathan Lane.
Source: MSNBC - 🏆 469. / 51 Read more »

Trump administration says immigrants working in legal marijuana industry lack ‘moral character’ for citizenshipFederal officials issued a guidance Friday clarifying that working with or using marijuana could be grounds for losing the chance for citizenship. 'immigrants' Immigrants are people that followed the process to enter our country legally. Illegal aliens are not immigrants. Everything he says is psychological projection. What about the immigrants who worked for him?
Source: washingtonpost - 🏆 95. / 72 Read more »

States with legal medical marijuana have seen a drop in workplace deathsThe study's authors suggest that this could happen because young adults in those states use weed instead of more dangerous drugs. States* lol. That's actually very surprising. But... THE NARRATIVE!
Source: BusinessInsider - 🏆 729. / 51 Read more »