rezlegal Wrote:
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> TP-When OTBs started in the 1960s ( you were
> clearly not yet around) everyone said the same
> thing and that was long before ADWs and the
> invention of the internet. While it may take
> awhile for regulators in most states to figure
> this out, a huuuuge new market is about to open. I
> have never made a sports bet with a bookie ( have
> a brother and friend in your city so it doesn’t
> matter) but I will absolutely have a mobile
> account in when it becomes available.There was
> $248.8 billion bet on sports in Nevada last year.
> Freaking Nevada! Multiply that number by the 10-20
> states predicted to have sports wagering. I
> believe a vast new market of potential
> horseplayers can be marketed if handled correctly.
> But boy, that is a big IF! ( btw- I believe
> Betfair just bought draft kings!)

Hello Rez!

You are correct, I wasn't around in the 60's (actually I can pretty confidently say I hadn't been dreamt up yet..).

I am not so sure about that $248.8b figure, I think it may have been misreported.

The Nevada Gaming Control Board says the statewide hold last year was $248.8 [i]million[/i] on sports gaming. Handle was $4.87b.

Discsussion here: https://www.legalsportsreport.com/18130/nevada-sportsbooks-2017/
NGCB reports available here: http://gaming.nv.gov/index.aspx?page=31&parent=3706

I don't mean to call this a "nothing burger," - it's a something, I'm just not yet ready to get long(er) on all gaming stocks based on this. I certainly do agree it has potential to generate business for horse racing (as you say, big if!).