Betfair from USA
-
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
Everything will be done at state level so hard to see a single exchange coming to the fore early on. Plus the yanks do love to overtax things so I'd imagine any money coming into Betfair will have punative comission charges like some of the AUS turnover markets. Probably not going to be the american dream everyone was hoping for with tons of mug money piling into the markets.
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Nobody taxes quite like the UK. The US pay a lot less income tax (and no ni) and sales tax is only about 8% vs 20% here. Our fuel tax is much higher too.
I can't actually think of anything they tax more than we do except for considering gambling profits as income.
- northbound
- Posts: 737
- Joined: Mon Mar 20, 2017 11:22 pm
Interesting point which made me think this might be good news for Smarkets, as their CEO and founder is from the USA.
New Jersey currently has their own exchange (NJX) which is similar to Italy's where no one can access that exchange unless you're physically in that state/country.
They pay 12% on winnings but pay no premium charge - which I don't know if that's either NJ's decision or BF themselves in case they scare everyone away.
So I guess when it does become legal in the US will they integrate onto the Betfair.com site or will they still have their own one?
They pay 12% on winnings but pay no premium charge - which I don't know if that's either NJ's decision or BF themselves in case they scare everyone away.
So I guess when it does become legal in the US will they integrate onto the Betfair.com site or will they still have their own one?
https://www.tvg.com/
Worth a nose, it looks like they have added a bit of content and a differing framework from what I remember. I accidentally got in the shot when I had a tour of the facilities 4/5 years ago.
- wearthefoxhat
- Posts: 3221
- Joined: Sun Feb 18, 2018 9:55 am
They can afford to now as their share price recently took off.mobius wrote: ↑Wed May 16, 2018 12:02 pmPaddy Power in talks to merge with Fan Duel
3 hours ago
http://www.bbc.co.uk/news/business-44136288
Although some way to go since merger...
You do not have the required permissions to view the files attached to this post.
Euler wrote: ↑Wed May 16, 2018 11:58 amhttps://www.tvg.com/
Worth a nose, it looks like they have added a bit of content and a differing framework from what I remember. I accidentally got in the shot when I had a tour of the facilities 4/5 years ago.
Do you think these guys at tvg.com accept arbing? The price differences are tremendous!
One can not sign up unless one is a US citizen but I know a couple of people who are American and live in England.
Decent read why European books are shit.
Just hope the conclusions for USA are wrong.
https://www.quantumsportssolutions.com/ ... r-everyone
Just hope the conclusions for USA are wrong.
https://www.quantumsportssolutions.com/ ... r-everyone
This isnt really just Betfair, but wont start another thread.
6 US states have now legalised sports betting .. New mexico being the latest. I think tax rates there will be prohibitive .. making lines v poor value .. but maybe they will learn.
The handle of New jersey for the 1st 3 mths : (handle is amount wagered in state) - 7 physical and 9 virtual books
Month 1 .. $40m' (July)
Month 2 .. $97m (Aug)
Month 3 .. $194m ... people literally standing in line for 2 hrs to place a bet.
To put it in some perspective .. las vegas handle, is not often over $400m a mth, with all of the casinos etc.
//
Sports Betting roadshows started .. $450 for the privaledge to attend a boot-camp. Maybe they looking for speakers ??
https://www.thelines.com/don-best-sport ... g-camp-nj/
Take out link if admin think its competition with masterclass .. lol
6 US states have now legalised sports betting .. New mexico being the latest. I think tax rates there will be prohibitive .. making lines v poor value .. but maybe they will learn.
The handle of New jersey for the 1st 3 mths : (handle is amount wagered in state) - 7 physical and 9 virtual books
Month 1 .. $40m' (July)
Month 2 .. $97m (Aug)
Month 3 .. $194m ... people literally standing in line for 2 hrs to place a bet.
To put it in some perspective .. las vegas handle, is not often over $400m a mth, with all of the casinos etc.
//
Sports Betting roadshows started .. $450 for the privaledge to attend a boot-camp. Maybe they looking for speakers ??
https://www.thelines.com/don-best-sport ... g-camp-nj/
Take out link if admin think its competition with masterclass .. lol