Add UK Betting Firms Gamble on United States After Sports Wager Ruling
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<br>UK [sports betting](https://aceme.ink/read-blog/1716_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) companies gamble on US after [sports betting](https://social.instinxtreme.com/read-blog/13739_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wager ruling<br>
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<br>5 June 2018<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
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<br>By Natalie Sherman<br>
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<br>Business press reporter, New York<br>
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<br>It's high stakes for UK companies as [sports betting](http://www.vmeste-so-vsemi.ru/wiki/%D0%A3%D1%87%D0%B0%D1%81%D1%82%D0%BD%D0%B8%D0%BA:AnibalGlockner) wagering starts to spread in America.<br>
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<br>From Tuesday, new guidelines on wagering entered impact in Delaware, a tiny east coast state about two hours from Washington.<br>
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<br>Neighbouring New Jersey might start accepting [sports betting](https://wow.t-mobility.co.il/read-blog/27_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) bets as early as Friday.<br>
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<br>The changes are the first in what might become a wave of legalisation after the Supreme Court last month cleared the method for states to enable [sports betting](https://socialsmerch.com/read-blog/10526_online-betting-firms-gamble-on-soccer-mad-nigeria.html).<br>
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<br>The industry sees a "when in a generation" opportunity to develop a brand-new market in [sports betting](http://4blabla.ru/read-blog/2685_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html)-mad America, said Dublin-based financial analyst David Jennings, who heads leisure research at Davy.<br>
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<br>For UK firms, which are coming to grips with consolidation, increased online competitors and tougher rules from UK regulators, the timing is particularly opportune.<br>
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<br>Why the gaming industry deals with an unsure future<br>
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<br>How does illegal [sports betting](https://bbarlock.com/index.php/User:RoscoeSellheim) wagering work and what are the worries?<br>
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<br>But the market says counting on the US stays a dangerous bet, as [UK business](https://younivix.com/read-blog/29883_why-every-cricket-fan-should-try-the-all-cricket-id-gaming-platform.html) deal with complex state-by-state policy and competitors from established local interests.<br>
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<br>"It's something that we're actually concentrating on, but similarly we do not wish to overhype it," said James Midmer, spokesperson at Paddy Power Betfair, which recently acquired the US dream [sports betting](https://kiwiboom.com/read-blog/1816_for-sports-gambling-to-be-legalised.html) .<br>
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<br>'Take some time'<br>
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<br>The US represented about 23% of the world's $244bn (₤ 182bn) in video gaming revenue in 2015, according to a report by Technavio, external published in January.<br>
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<br>Firms are [wishing](https://iuridictum.pecina.cz/w/U%C5%BEivatel:VernitaPhelan) to take advantage of more of that activity after last month's decision, which struck down a 1992 federal law that barred states beyond Nevada and a few others from authorising [sports betting](http://www.vmeste-so-vsemi.ru/wiki/%D0%A3%D1%87%D0%B0%D1%81%D1%82%D0%BD%D0%B8%D0%BA:VivienFrasier86) wagering.<br>
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<br>The judgment found the law was an over-reach of federal power. But the court it did not actually legalise [sports betting](http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:StanleyBaughan), leaving that concern to regional lawmakers.<br>
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<br>That is anticipated to lead to significant variation in how firms get certified, where [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:LuisaKossak244) wagering can happen, and which events are open to speculation - with big implications for the size of the market.<br>
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<br>Potential profits ranges from $4.2 bn to nearly $20bn yearly depending on aspects like the number of states move to legalise, Oxford Economics approximated in a 2017 study for the American Gaming Association.<br>
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<br>"There was a great deal of 'this is going to be substantial'", stated Will Hawkley, London-based head of leisure for specialists KPMG.<br>
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<br>Now, he stated: "I believe a lot of individuals ... are looking at this as, 'it's an opportunity however it's not going to be $20bn and it's going to be state by state and it's going to require time'."<br>
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<br>'Remains to be seen"<br>
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<br>Chris Grove, managing director at Eilers & Krejcik Gaming, predicts that 32 states will legalise [sports betting](http://it-viking.ch/index.php/User:Rhea4904764019) wagering in some form by 2023, producing a market with about $6bn in yearly revenue.<br>
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<br>But bookies deal with a far various landscape in America than they carry out in the UK, where [sports betting](https://krazzykross.com/read-blog/1501_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) shops are a regular sight.<br>
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<br>US laws limited gaming largely to Native American lands and Nevada's Las Vegas strip up until relatively recently.<br>
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<br>In the popular creativity, [sports betting](https://lubuzz.com/read-blog/109_online-betting-firms-gamble-on-soccer-mad-nigeria.html) has long been linked to a 1919 baseball World Series match-fixing scandal.<br>
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<br>States have actually likewise been slow to legalise lots of kinds of online gaming, despite a 2011 Justice Department opinion that appeared to remove barriers.<br>
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<br>While [sports betting](https://wiki.monnaie-libre.fr/wiki/Utilisateur:CorinneWashburn) is typically seen in its own category, "it plainly remains to be seen whether it gets the type of momentum individuals think it will," stated Keith Miller, law professor at Drake University and co-author of a book about [sports betting](https://wiki.ragnaworld.net/index.php?title=User:CherylGuido3580) wagering regulation.<br>
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<br>David Carruthers is the previous primary executive of BetonSports, who was detained in the US in 2006 for running an offshore online sportsbook and served prison time.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
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<br>Now an expert, he says UK companies should approach the marketplace thoroughly, selecting partners with caution and preventing errors that could cause regulator reaction.<br>
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<br>"This is a chance for the American [sports betting](https://wow.t-mobility.co.il/read-blog/27_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) wagerer ... I'm uncertain whether it is an opportunity for organization," he states. "It truly depends on the outcome of [state] [legislation](https://social.stssconstruction.com/read-blog/21043_the-ins-and-outs-of-betting-on-the-nfl-draft.html) and how business operators pursue the chance."<br>
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<br>'It will be collaborations'<br>
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<br>As legalisation starts, [sports betting](https://www.athleticzoneforum.com/read-blog/752_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) firms are lobbying to ward off high tax rates, as well as demands by US [sports betting](https://youslade.com/read-blog/41398_enhance-your-business-opportunities-with-efficient-sports-apps.html) leagues, which desire to collect a portion of profits as an "integrity fee".<br>
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<br>International companies deal with the included difficulty of an effective existing gaming industry, with casino operators, state-run lottery games and Native American people that are looking for to protect their turf.<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
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<br>Analysts state UK firms will require to strike partnerships, providing their expertise and innovation in order to make inroads.<br>
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<br>They point to SBTech's recent statement that it is offering innovation for Kentucky Derby operator Churchill Downs as an example of the type of offers likely to materialise.<br>
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<br>"It will be a win-win for everybody, however it will be partnerships and it will be driven by technology," Mr Hawkley said.<br>
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<br>'It will just depend'<br>
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<br>Joe Asher, chief executive at William Hill US, is clear-eyed about the truths.<br>
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<br>The business has been investing in the US market since 2011, when it purchased three US companies to develop an existence in Nevada.<br>
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<br>William Hill now employs about 450 people in the US and has actually announced collaborations with gambling establishments in Iowa and New Jersey.<br>
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<br>It works as threat manager for the Delaware Lottery and has invested millions alongside a regional developer in a New Jersey horse racing track.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
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<br>Mr Asher said William Hill has become a family name in Nevada but that's not necessarily the goal everywhere.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
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<br>"We certainly intend to have a really substantial brand presence in New Jersey," he stated. "In other states, it will just depend on regulation and potentially who our regional partner is."<br>
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<br>"The US is going to be the biggest [sports betting](https://gayplatform.de/read-blog/3547_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering market on the planet," he included. "Obviously that's not going to happen on the first day."<br>
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<br>More on this story<br>
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<br>US judgment opens method for [sports betting](https://surgiteams.com/index.php/User:TammaraRodway53)<br>
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<br>14 May 2018<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
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<br>Paddy Power buys dream [sports betting](https://web-chat.cloud/question2answer/index.php?qa=40738&qa_1=sports-minister-tracey-crouch-resigns-over-betting-crackdown) website<br>
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<br>23 May 2018<br>
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