How mad would Vegas be if sports gambling went nationwide?

[CommuterBob]

Looking over the most recent Nevada gaming association reports, I don't know. http://gaming.nv.gov/Modules/ShowDocument.aspx?documentid=12149

Over the past 12 months, statewide in NV, sports books have reported winning $220M in sports gambling, including $70M in football, $82M in basketball, and $37M in baseball. Compare that to the $3.1B won on penny slots, $1.2B won in blackjack and baccarat (each), and it's a drop in the bucket.

The SCOTUS is reviewing NJ's lawsuit against the Feds that seeks to end the monopoly Vegas has on domestic sports betting. If they win, it could open up sports gambling nationwide. COnsidering that it's not as gigantic a source of profit as table games or slots, would Vegas really stand to lose all that much?

 

[UCFhonors]

The only people who want Freedom it seems, are those who can monopolize and monetize it.

The reality of sports betting is that 90% + of sports betting occurs in offices, at peoples houses and among friends.

A state monopoly is sooooo stupid at this point in time. There is this thing called the "internet". The "internet" would be a way better system than a couple states granting a couple billionaires the ability to allow people to legally do something that almost everyone has done illegally.

 

[CommuterBob]

Side note: Vegas lost $4.4M in betting on basketball in the month of May.

 

[Poolside Knight]

Vegas is pretty good at reinventing themselves. Some of the resorts have cut the gaming space and just turned into focusing on being the daylife/nightlife hot spots of the World.

 

[cnsaguy]

Sports books are for degenerates and losers.

 

[Ace of Knights]

They've been preparing for it for years. That's why they're really gearing themselves more for the entertainment side. Shows, clubs, restaurants are a huge draw now and with sports coming too, they're really making themselves a destination outside of just gambling.

 

[Knight_Light]

Yeah, no one is canceling their multi-day Vegas trip to go bet on a baseball game at a Harness race track in NJ.

Only ones that will lose oit will be some low level bookies in NJ/NYC.

Just like how Vegas was never scared of Atlantic City, NJ or any of the other DOZENS of states that have casinos.

Vegas is a giant monster in itself and they will always attract tens of millions of visitors.

 

[Bob the Citronaut]

Vegas is awful. It's like I Drive and a trailer park had a baby and put it on steroids. The absolute last place I would want to visit in the US.