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<br>UK wagering companies bet on US after [sports betting](https://almightyblondeone.com/index.php/User:TristanKnopwood) wager judgment<br> |
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<br>5 June 2018<br> |
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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 firms as [sports betting](https://parentingliteracy.com/wiki/index.php/User:RichTroupe21) starts to spread out in America.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) |
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<br>From Tuesday, new guidelines on wagering entered impact in Delaware, a small state about 2 hours from Washington.<br> |
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<br>Neighbouring New Jersey might start accepting [sports betting](https://www.sportpassionhub.com/read-blog/1492_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) bets as early as Friday.<br> |
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<br>The changes are the first in what could end up being a wave of legalisation after the Supreme Court last month cleared the way for states to permit [sports betting](https://uptoscreen.com/read-blog/74329_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.html) wagering.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) |
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<br>The industry sees a "as soon as in a generation" chance to develop a brand-new market in [sports betting](https://groups.chat/read-blog/10890_how-to-play-bet9ja-online.html)-mad America, said Dublin-based monetary analyst David Jennings, who heads leisure research at Davy.<br> |
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<br>For UK companies, which are facing combination, increased online competition and harder guidelines from UK regulators, the timing is particularly suitable.<br> |
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<br>Why the gambling industry faces an uncertain future<br> |
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<br>How does [prohibited](https://bytes-the-dust.com/index.php/User:Joanne00U00530) [sports betting](https://social.japrime.id/read-blog/23410_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html) work and what are the worries?<br> |
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<br>But the industry says depending on the US remains a risky bet, as UK business face complex state-by-state policy and competitors from entrenched regional interests.<br> |
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<br>"It's something that we're really focusing on, but similarly we do not wish to overhype it," stated James Midmer, spokesperson at Paddy Power Betfair, which just recently acquired the US fantasy [sports betting](https://chatkc.com/read-blog/471_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) website FanDuel.<br> |
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<br>'Take time'<br> |
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<br>The US accounted for about 23% of the world's $244bn (₤ 182bn) in video gaming revenue last year, according to a report by Technavio, external released in January.<br> |
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<br>Firms are hoping to use more of that activity after last month's choice, which overruled a 1992 federal law that disallowed states beyond Nevada and a couple of others from authorising [sports betting](https://tottenhamhotspurfansclub.com/read-blog/6684_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html).<br> |
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<br>The ruling found the law was an over-reach of federal power. But the court it did not in fact legalise [sports betting](https://messengerkivu.com/read-blog/2390_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html), leaving that concern to regional legislators.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) |
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<br>That is expected to result in significant variation in how firms get licensed, where [sports betting](http://wiki-tb-service.com/index.php?title=Benutzer:TrinaSlate154) can take place, and which events are open to speculation - with huge implications for the size of the market.<br> |
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<br>Potential earnings varieties from $4.2 bn to [practically](https://nohio.org/index.php/User:GladysLoftin626) $20bn every year [depending](https://namoshkar.com/read-blog/38_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) on elements like how lots of states relocate to legalise, Oxford Economics approximated in a 2017 research study for the American Gaming Association.<br> |
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<br>"There was a lot of 'this is going to be huge'", said Will Hawkley, London-based head of leisure for consultants KPMG.<br> |
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<br>Now, he stated: "I think many people ... are taking a look at this as, 'it's a chance but 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, handling director at Eilers & Krejcik Gaming, anticipates that 32 states will legalise [sports betting](https://bdstarter.com/things-you-need-to-understand-about-rafting-adventures/) in some kind by 2023, developing a market with about $6bn in yearly earnings.<br> |
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<br>But bookmakers deal with a far various landscape in America than they do in the UK, where wagering stores are a regular sight.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) |
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<br>US laws limited gambling mostly 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://tartar.app/read-blog/1635_how-to-play-bet9ja-online.html) wagering has long been linked to a 1919 baseball World Series match-fixing scandal.<br> |
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<br>States have actually also been slow to legalise lots of forms of online gaming, regardless of a 2011 Justice Department viewpoint that appeared to get rid of obstacles.<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) |
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<br>While [sports betting](https://blkbook.blactive.com/read-blog/2289_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) wagering is generally seen in its own classification, "it clearly remains to be seen whether it gets the kind of momentum people think it will," said Keith Miller, law professor at Drake University and co-author of a book about [sports betting](https://tartar.app/read-blog/1670_how-to-play-bet9ja-online.html) wagering guideline.<br> |
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<br>David Carruthers is the former chief executive of BetonSports, who was jailed in the US in 2006 for running an overseas online sportsbook and served jail time.<br> |
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<br>Now an expert, he states UK companies should approach the marketplace thoroughly, selecting partners with care and avoiding mistakes that could lead to regulator backlash.<br> |
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<br>"This is a chance for the American [sports betting](https://oninabresources.com/uk-betting-firms-gamble-on-us-after-sports-wager-ruling/) wagerer ... I'm not exactly sure whether it is a chance for service," he says. "It really is reliant on the result of [state] legislation and how business operators pursue the opportunity."<br> |
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<br>'It will be partnerships'<br> |
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<br>As legalisation starts, [sports betting](https://coptr.digipres.org/index.php/User:Mohammed65J) wagering companies are lobbying to ward off high tax rates, along with requests by US [sports betting](https://tottenhamhotspurfansclub.com/read-blog/6684_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) leagues, which desire to gather a percentage of earnings as an "integrity cost".<br> |
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<br>International business deal with the added difficulty of an effective existing gaming industry, with casino operators, state-run lottos and Native American people that are looking for to protect their turf.<br> |
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<br>Analysts say UK firms will require to strike partnerships, providing their knowledge and innovation in order to make inroads.<br> |
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<br>They point to SBTech's current statement that it is supplying innovation for Kentucky Derby operator Churchill Downs as an example of the kind of offers most 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 innovation," Mr Hawkley said.<br> |
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<br>'It will simply depend'<br> |
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<br>Joe Asher, president at William Hill US, is clear-eyed about the truths.<br> |
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<br>The company has actually been buying the US market because 2011, when it bought 3 US firms to establish a presence in Nevada.<br> |
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<br>William Hill now uses about 450 people in the US and has revealed partnerships with gambling establishments in Iowa and New Jersey.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) |
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<br>It works as risk supervisor for the Delaware Lottery and has actually invested millions along with a local designer in a New Jersey horse racing track.<br> |
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<br>Mr Asher stated William Hill has become a home name in Nevada but that's not always the objective everywhere.<br> |
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<br>"We certainly mean to have an extremely considerable brand name 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://tartar.app/read-blog/1713_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering market in the world," he included. "Obviously that's not going to happen on day one."<br> |
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<br>More on this story<br> |
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<br>US ruling opens method for [sports betting](http://ringturbine.com:80/index.php/User:TuyetErd09385936)<br> |
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<br>14 May 2018<br> |
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<br>Paddy Power buys dream [sports betting](https://www.grandtribunal.org/wiki/User:Valeria9266) website<br> |
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<br>23 May 2018<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) |
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