Las Vegas sports books favor nationwide betting

Updated June 27, 2017 - 9:16 pm

Las Vegas sports book directors reacted favorably Tuesday to the news that the Supreme Court will hear New Jersey’s case to allow legal sports betting.

The case could pave the way for legal sports betting across the country through a repeal of the Professional and Amateur Sports Protection Act of 1992 (PASPA), a federal law that restricts legal sports betting to Nevada, Oregon, Delaware and Montana. Nevada is the only state that allows single-game wagering.

“At this point, it’s sort of inevitable,” MGM Resorts sports book director Jay Rood said. “It will happen at some point, it’s just a matter of when.”

Wynn sports book director Johnny Avello said he expects to see legal sports gambling in other states within the next two years.

“It’s going to happen,” he said. “Five years ago, I would’ve said no. But we’ve definitely moved a lot closer to this happening.

“We’re continuously growing (at Wynn Resorts). We’re opening up a new property in Boston. It might be a good thing.”

Likewise, MGM Resorts operates properties in Atlantic City, New Jersey, Mississippi and Michigan, and welcomes the chance to offer sports wagering at those locations.

“It’s not a bad thing for us,” Rood said. “Since we’re a brand that’s beyond Las Vegas, we’re interested in it being allowed in other jurisdictions, especially the jurisdiction we currently reside (in New Jersey).”

Joe Asher, the CEO of William Hill US, which operates 108 of Nevada’s 196 sports books, also welcomed the Supreme Court’s decision.

“PASPA is a failed law and now is the time for all parties, including the sports leagues, to come together and replace it with a regulatory framework that will bring sports betting out of the shadows and into the sunlight, creating well over 100,000 jobs and raising billions in tax revenue,” he said in a statement.

Said Matthew Holt, vice-president of CG Technology sports books: “One thing regulated sports betting in the United States would provide is greater transparency and integrity and that’s a good thing for everybody.”

If sports gambling is legalized nationwide, Avello expects it to have a negligible effect on the betting handle in Las Vegas.

“I remember when Atlantic City opened up gambling and they said it was going to hurt Las Vegas. It didn’t. It actually made it even stronger,” he said. “People coming to town are going to play while they’re here and they’re going to bet while they’re home.

“I don’t know what impact there would be on Nevada. The town is so diversified now. We just offer a full menu of so many different things people come to town for, from gambling to great shows and food, parties, conventions and other amenities.”

Nine major operators run the vast majority of Nevada’s sports books. Ideally for the state’s gaming companies, a similar scenario will play out nationwide, where states will partner with them as satellite books.

“To have the hub be Las Vegas, that would be ideal. But I don’t know if it happens that way. Some states might elect to do their own thing,” Avello said. “Delaware had to go back to something it had done in the ’70s and offer football parlays only.

“(Nationwide legal sports betting) is something people have been looking at a long time. But it’s not like it’s guaranteed free money. You still have to have somebody running it who knows what they’re doing.”

Contact reporter Todd Dewey at tdewey@reviewjournal.com or 702-383-0354. Follow @tdewey33 on Twitter.

ad-high_impact_4
Sports Betting Spotlight Videos
Sports Betting Spotlight: College Football Bowl Edition
Todd Dewey, Kelly Stewart and Las Vegas Wynn Sports Book Director Johnny Avello go over their picks for the college bowl games.
Sports Betting Spotlight: NFL Week 15
Todd Dewey, Kelly Stewart and Las Vegas Wynn Sports Book Director Johnny Avello go over their picks for week 15 of NFL football.
Sports Betting Spotlight: NFL Week 14
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and TI sports book director Tony Nevill preview NFL Week 14.
Sports Betting Spotlight: NFL Week 13
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and The Mirage sports book director Jeff Stoneback preview Week 13 of the NFL regular season. (Las Vegas Review-Journal)
Sports Betting Spotlight: College football Week 14
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and The Mirage sports book director Jeff Stoneback preview Week 14 of the college football season. (Las Vegas Review-Journal)
Sports Betting Spotlight: College Week 13
Todd Dewey, Kelly Stewart and Matt Holt give their picks for week 13 of college football.
Sports Betting Spotlight: NFL Week 12
Todd Dewey, Kelly Stewart and Matt Holt give their picks for week 12 of NFL football.
Sports Betting Spotlight: College football Week 12
Todd Dewey, Kelly Stewart and Bob Scucci go over their picks for college football week 12.
Sports Betting Spotlight: NFL Week 11
Todd Dewey, Kelly Stewart and Bob Scucci go over their picks for NFL football week 11.
Sports Betting Spotlight: NFL Week 10
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and CG Technology Sports Book Vice President Matt Holt preview Week 10 of the NFL.
Sports Betting Spotlight: College Football Week 11
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and CG Technology Sports Book Vice President Matt Holt preview Week 11 of the college football season.
Sports Betting Spotlight: College Football Week 10
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and Boyd Gaming Sports Book Director Bob Scucci preview Week 10 of the college football season.
Sports Betting Spotlight: NFL Week 9
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and Boyd Gaming Sports Book Director Bob Scucci preview Week 9 of the NFL season.
Sports Betting Spotlight: NFL Week 8
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and The Mirage sports book director Jeff Stoneback preview Week 8 of the NFL season.
Sports Betting Spotlight: NFL Week 7
Todd Dewey, Kelly Stewart and Alan Berg go over their picks for NFL week 7.
Sports Betting Spotlight: NFL Week 6
Todd Dewey, Kelly Stewart, and Boyd Gaming sports book director Bob Scucci make their picks for NFL Week 6. (Las Vegas Review-Journal)
Sports Betting Spotlight: College football Week 7
Todd Dewey, Kelly Stewart, and Boyd Gaming sports book director Bob Scucci maker their picks for Week 7 of college football. (Las Vegas Review-Journal)
Sports Betting Spotlight: NFL Week 5
Todd Dewey, Kelly Stewart, and CG Technology Sports Book Vice President Matt Holt go over their picks for week five of college football.
Sports Betting Spotlight: College Football Week 6
Todd Dewey, Kelly Stewart, and CG Technology Sports Book Vice President Matt Holt go over their picks for week six of college football.
Sports Betting Spotlight: College Week 5
Todd Dewey, Kelly Stewart (@kellyinvegas) and Wynn Sports Book Director John Avello go over their picks for week five of college football and their best bets.
Sports Betting Spotlight: NFL Week 4
Todd Dewey, Kelly Stewart (@kellyinvegas) and Wynn Sports Book Director John Avello go over their picks for week four of the NFL and their best bets.
Sports Betting Spotlight: NFL Week 3
Todd Dewey, Kelly Stewart (@kellyinvegas) and Caesars Oddsmaker Alan Berg go over their picks for week three of NFL football and their best bets.
Sports Betting Spotlight: College Football Week 4
Todd Dewey, Kelly Stewart (@kellyinvegas) and Caesars Oddsmaker Alan Berg go over their picks for week three of college football and their best bets.
TOP NEWS
ad-infeed_1x2_1
News Headlines
ad-infeed_1
ads_infeed_2
Local Spotlight
Events
Home Front Page Footer Listing
Circular
You May Like

You May Like