UConn Out Front in Pushing for its Share of Gambling Revenue

[Nostical]

Benedict isn’t waiting around. The gambling revenue train will be leaving the station. He wants us on board.
Colleges looking into betting compensation

 

[ConnHuskBask]

If people here actually placed bets, the amount of money lost on season W/L over/under would be staggering.

 

[whaler11]

Anyone who gives these leagues or schools a penny is a complete moron.

Anyone who believes the schools needs to waste even more money on useless administrators over the change shouldn’t have oxygen wasted on them.

 

[RSTuthill]

They are talking about minuscule percentages, just enough to cover what they figure will be the added costs of compliance. Like 0.5 to 1.0% of handle. They wouldn't be paid for content.

 

[Exit 4]

It’s early yet for me on the subject, but my initial thought is that sports/schools that manage to get a piece of the gambling pie will be subject to the extra burden of being regulated per se and therefore much more exposed to gambling-integrity lawsuits. Maybe that exposure is overstate or can be largely insulated by state law....but maybe not. On the other hand, I don’t see how any school has integrity exposure if they don’t participate in the gambling vig.

 

[HuskyV]

All sports see an increase in interest. Which will lead to higher TV ratings. Which will lead to higher prices for content providers/leagues.

There is no need to cut them in on the revenue. They can invest their own money or create a bet direct option and compete for the business.

But they might as well ask. Cities will give them multi-million dollar stadiums. They will now convince the legislators to create a tax to pay them for existing.

 

[huskysupporter]

Yeah. No.

 

[whaler11]

They are talking about minuscule percentages, just enough to cover what they figure will be the added costs of compliance. Like 0.5 to 1.0% of handle. They wouldn't be paid for content.

That’s a huge percentage. The margins in this business are thin.

In a record year the hold percentage in Vegas was 5.1%.

There are no added costs of compliance, that’s bs posturing by administrators who waste taxpayer money.

 

[whaler11]

All sports see an increase in interest. Which will lead to higher TV ratings. Which will lead to higher prices for content providers/leagues.
.

Complete fallacy.

1. The incremental ratings increase is going to be tiny.

2. Television contracts are priced based on who is competing for the rights and what they are willing to pay not what the revenues are.

3. The main way networks generate revenue anyway is through cable subs - is this going to stop cord-cutting?

They might get a cut because politicians are easily purchased, but there is no legitimate argument to give them a dime.

 

[RSTuthill]

Doubt it will increase the betting demand. It'll just be done legally or more legally.

 

[Chief00]

Mohegan will have sports betting a few weeks before the NFL season starts or in about 2.5 months.

 

[Stinger92860]

Mohegan will have sports betting a few weeks before the NFL season starts or in about 2.5 months.

Whichever comes first.

 

[Stinger92860]

That’s a huge percentage. The margins in this business are thin.

In a record year the hold percentage in Vegas was 5.1%.

There are no added costs of compliance, that’s bs posturing by administrators who waste taxpayer money.

Was the 5.1% just the sports book or all casino operations?

 

[whaler11]

Was the 5.1% just the sports book or all casino operations?

That’s the sports book hold across Nevada.

It’s why many casinos took out their sportsbooks and stuck in more slots.

Most of those that didn’t brought in Cantor or William Hill to run them.

Cantor and WH have to aggressively screw the customers to get to that 5.1% hold.

 

[CL82]

It’s early yet for me on the subject, but my initial thought is that sports/schools that manage to get a piece of the gambling pie will be subject to the extra burden of being regulated per se and therefore much more exposed to gambling-integrity lawsuits. Maybe that exposure is overstate or can be largely insulated by state law....but maybe not. On the other hand, I don’t see how any school has integrity exposure if they don’t participate in the gambling vig.

Interesting take.