Just in: USA Legalises Surf Betting!
The joys (and perils) of gambling on surf contests comes to America!
If you live in America, you might have looked wanly at all the surf gambling ads buttressing this website. The offers have been almost too good to be true: free money to get you going (up to $500) and odds generous enough to make it worth your while having a swing.
But Australia only. The land of the free etc.
This damn stupid rule changed last night when the US Supreme Court made a decision that will allow the individual States to legalise sports gambling. The court struck down the Professional and Amateur Sports Protection Act of 1992 that barred state-authorised sports gambling… with Nevada as the exception. Sports betting is worth over $199 billion per year in the US.
New Jersey wants to be the first (this actually came about from the major sports leagues suing the Govener of NJ), and Delaware, New York, Pennsylvania, Mississippi and West Virginia are expected to quickly jump on the legal bookmaking wagon.
Not good news for Nevada as they took $4.8 billion worth of sports bets in 2017 and had the US monopoly for 26 years.
So what’s going to happen now is that States will have to work with professional sports leagues like the NBA and MLB on their demands for an “integrity fee” to be paid from all bets to the leagues. This fee is around 0.5% – 1% of the bet. The NBA and other leagues have defended their reasoning for the fee as a need to police the game from criminals looking to fix games, and implement compliance systems across their leagues.
Our friends at William Hill wants to be the first bookmaker to mine this lucrative vein of gold. They intend to offer sports betting in New Jersey locations as “soon as responsibly possible,” according to CEO Joe Asher. “We’re thinking in the realm of weeks.” They’re targeting the NBA Finals.
Soon, BeachGrit’s US audience will be able to join up to William Hill and receive our lovely bonus bet offer.
MGM Resorts International CEO Jim Murren told CNBC on Monday that it will be able to offer sports betting around the country “very quickly.”
“We have already established the architecture to deploy sports betting as soon as the states allow us to do that,” Murren said. “We have already the software. We have our mobile app called PlayMGM that is already activated in Nevada.”
Will the WSL, finally be able to take a seat alongside Adam Silver from the NBA and then NFL’s Roger Gooddell, NFL, to negotiate an integrity fee that will protect surfing from the perils of gambling?
Is this the river of gold that might save the WSL’s thirty million dollar investment? Internal sources tell us the WSL has already been in talks with at least one of Australia’s biggest gambling houses.