| | submitted by prnewswireadmin to prnewswire [link] [comments] |
| | Recap submitted by iKalculated to wallstreetbets [link] [comments] Previous Research: https://www.reddit.com/options/comments/hrbexa/bullish_options_plays_24_month_horizon/?utm_source=share&utm_medium=web2x https://www.reddit.com/options/comments/huwfat/short_long_option_plays_07202020/?utm_source=share&utm_medium=web2x This post covers Option Plays for $SQ, $DKNG, $BA The time frame of these options are 3-6 months out, to avoid Theta burn and maximize ITM potential. The beauty of long plays is that the stock only needs to move a few % to be profitable, with a long time horizon as a hedge. Close the position within 2-4 months to minimize theta and maximize delta opportunity. I have also included a shorter time frame with higher risk/reward and lower premiums. Short plays are laid out, but not recommended. 1) Square, Inc $SQ [Information Technology Services] - BULLISH Square, Inc. engages in the provision of credit card payment processing solutions. It is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses. The firms sellers downloads the Square Point of Sale mobile app, they can quickly and easily take their first payment, typically within minutes. Bullish Square Case: The ongoing shift toward electronic payments has created, and will continue to create, room for acquirers to see strong growth without stealing share from each other. Ancillary services are becoming a more critical engine for growth and will help Square fully monetize its merchant client base and improve margins. Electronic payment growth is shifting overseas, and Square’s business model looks portable into international markets, as the company does not rely on a large local salesforce to attract merchants. $SQ profile, from FindMarketPlays early access platform In both previous research posts, I discussed the bullish case of Twitter hinging on a successful subscription platform. Source: https://www.theverge.com/2020/7/8/21317266/twitter-subscription-platform-codename-gryphon-job-listing Subscription platforms require a reliable payment processor. Guess who Dorsey is going to choose to process payments for Twitter's subscription platform? $SQ overlaid with $SHOP, following the same trajectory $SHOP is trading at a 69x Price to Revenue multiple, with -$1.16 EPS. $SQ is trading at a 11x Price to Revenue multiple, with $0.72 EPS. Not only is $SQ profitable, it is in a similar niche to $SHOP and has a huge growth opportunity with Twitter's subscription platform. Let's take a look at the unusual options activity scanner: $2 Million in $97.5 calls, expiring Aug 21. Earnings Aug 5 $190 Jan 15 Calls $100 Jan 15 Calls Big bullish bets on $SQ, notably dated around Jan 15. Coincidentally, that is the timeframe I pegged for $TWTR $40 Calls, and for the Subscription platform to be announced. Personal Experience: I set up a Shopify site for a girl I know who started a brick-and-mortar clothing store. She is... technologically challenged, to say the least. Guess what she used for payments in retail? Square. Even with Shopify's poor integration with Square, she stuck with it (Against my advice for inventory & tracking purposes). As states reopen, and smaller brick and mortars are back, farmers markets, carnivals, etc, expect growth from $SQ. I am eyeing a $118-$122 entry to incorporate the stock into my portfolio, and purchase options. With this information, I propose: Short Term Play [HIGH RISK]: SQ $130c Aug 7 2020, trading at $6.57 at time of writing. 41% Probability ITM. Earnings Aug 05 2020. Long Term Play: SQ $160c Jan 15 2021, trading $11.03 at time of writing. 23% Probability ITM 2) DraftKings, Inc $DKNG [Internet Software/Services] - BULLISH DraftKings, Inc. operates as a digital sports entertainment and gaming company. It provides online and retail sports wagering offerings, online daily fantasy contests and online casino games. $DKNG profile, from FindMarketPlays early access platform Currently, only 5 states have legal online gambling [Delaware, Nevada, New Jersey, Pennsylvania, and West Virginia]. 23 states have Sports Betting legal and or in legislation. From https://investmentu.com/sports-betting-stocks/ Focus on casino gambling! You can gamble at a casino whether there are sports on or not, and the following states are most likely to legalize online casino gambling in the next 12 months [based on legislation]:
Source: https://www.bettingusa.com/states/ $DKNG overlaid with $PENN, following the same trajectory 52 Week high for $DKNG is $44. With Americans sitting at home, legalizing online gambling makes sense financially for governments and to satiate the appetite of the restless, short-attention span population. Let's take a look at the unusual options activity scanner: A stream of bullish plays, ranging from $30 to $40, expiring July 24 and Aug 21. $DKNG is both a stock and option play. I am eyeing a $28-$30 entry to incorporate the stock into my portfolio, and purchase options. Personal Experience: A buddy of mine ran an (illegal) sports book in college, and netted 6 figures over the course of four years. Tons of potential tax dollars on the line. With this information, I propose: Short Term Play [HIGH RISK]: DKNG $40 Aug 21 2020, trading at $3.50 at time of writing. 36.5% Probability ITM. Earnings Aug 13 2020.\*21,690 open interest in this position, which would control 2.2 MILLION Shares*\** Long Term Play: DKNG $45c Jan 15 2021, trading $6.70 at time of writing. 28% Probability ITM 3) Boeing, Co $BA [Aerospace & Defense] - BULLISH Boeing is the cornerstone of millions of stock portfolios. I remember hawking the stock price while on vacation in Paris, when the plane crashed in March '19. My ex was pissed. I was more pissed for not picking up some stock and options when it bottomed around $100 a few months ago. Bullish Boeing case: Boeing has a large backlog that covers several years of production for the most popular aircraft, which gives us confidence in aggregate demand for aerospace products. Boeing is well-positioned to benefit from emerging market growth in revenue passenger kilometers and a robust developed market replacement cycle over the next two decades. We expect that commercial airframe manufacturing will remain a duopoly over the foreseeable future. We think customers will not have many options other than continuing to rely on incumbent aircraft suppliers. $BA profile, from FindMarketPlays early access platform COVID-19 has been a blessing in disguise for $BA. COVID-19 gifted $BA time, the most important thing they needed to fix their issues. Airlines are not flying, so it is excusable for $BA to have cancelled orders. Finally, as long as the oil-based dollar is the global currency, $BA will be in business selling weapons. $BA overlaid with $RTX, another major defense contractor. Despite the airline issues, $BA is tracking $RTX, because defense is where the big money is. Let's take a look at the unusual options activity scanner: $1.3 Million in $195 Sept 18 Calls $800K in $180 Aug 21 Calls Earnings is July 29th, but this is not an earnings play. The stock is consolidating in the $170-$180 range, a huge support and resistance in 2020. I am eyeing a $165-$170 entry to incorporate the stock into my portfolio, and purchase options. With this information, I propose: Short Term Play [HIGH RISK]: BA $200c Oct 16 2020, trading at $14.01 at time of writing. 31% Probability ITM. Long Term Play: BA $240c Jun 18 2021, trading $18.75 at time of writing. 20% Probability ITM Conclusion Based on my research, $SQ stands to gain from $TWTR news, $DKNG is poised to dominate online gambling, $BA is slowly recovering, and will not fail. TL,DR: Short Term Play [HIGH RISK]: SQ $130c Aug 7 2020, trading at $6.57 at time of writing. 41% Probability ITM. Earnings Aug 05 2020. DKNG $40 Aug 21 2020, trading at $3.50 at time of writing. 36.5% Probability ITM. Earnings Aug 13 2020.\*21,690 open interest in this position, which would control 2.2 MILLION Shares*\** BA $200c Oct 16 2020, trading at $14.01 at time of writing. 31% Probability ITM. Long Term Play: SQ $160c Jan 15 2021, trading $11.03 at time of writing. 23% Probability ITM DKNG $45c Jan 15 2021, trading $6.70 at time of writing. 28% Probability ITM BA $240c Jun 18 2021, trading $18.75 at time of writing. 20% Probability ITM Final Note: I will include the stock with the most mentions on this thread in my next analysis post. Will try to get to all your questions this time. This reddit post is not investment advice - do thorough research before ever investing. Platform used is FindMarketPlays. Check my profile for a Demo. Enter your email here to know when it launches: https://docs.google.com/forms/d/e/1FAIpQLSeUTcj420FlNTpk4Ynozlbi3CuxhaIu6HJkyHLxAfZpFfG37w/viewform?usp=pp_url |
| | Recap submitted by iKalculated to options [link] [comments] Previous Research: https://www.reddit.com/options/comments/hrbexa/bullish_options_plays_24_month_horizon/?utm_source=share&utm_medium=web2x https://www.reddit.com/options/comments/huwfat/short_long_option_plays_07202020/?utm_source=share&utm_medium=web2x This post covers Option Plays for $SQ, $DKNG, $BA The time frame of these options are 3-6 months out, to avoid Theta burn and maximize ITM potential. The beauty of long plays is that the stock only needs to move a few % to be profitable, with a long time horizon as a hedge. Close the position within 2-4 months to minimize theta and maximize delta opportunity. I have also included a shorter time frame with higher risk/reward and lower premiums. Short plays are laid out, but not recommended. 1) Square, Inc $SQ [Information Technology Services] - BULLISH Square, Inc. engages in the provision of credit card payment processing solutions. It is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses. The firms sellers downloads the Square Point of Sale mobile app, they can quickly and easily take their first payment, typically within minutes. Bullish Square Case: The ongoing shift toward electronic payments has created, and will continue to create, room for acquirers to see strong growth without stealing share from each other. Ancillary services are becoming a more critical engine for growth and will help Square fully monetize its merchant client base and improve margins. Electronic payment growth is shifting overseas, and Square’s business model looks portable into international markets, as the company does not rely on a large local salesforce to attract merchants. $SQ profile, from FindMarketPlays early access platform In both previous research posts, I discussed the bullish case of Twitter hinging on a successful subscription platform. Source: https://www.theverge.com/2020/7/8/21317266/twitter-subscription-platform-codename-gryphon-job-listing Subscription platforms require a reliable payment processor. Guess who Dorsey is going to choose to process payments for Twitter's subscription platform? $SQ overlaid with $SHOP, following the same trajectory $SHOP is trading at a 69x Price to Revenue multiple, with -$1.16 EPS. $SQ is trading at a 11x Price to Revenue multiple, with $0.72 EPS. Not only is $SQ profitable, it is in a similar niche to $SHOP and has a huge growth opportunity with Twitter's subscription platform. Let's take a look at the unusual options activity scanner: $2 Million in $97.5 calls, expiring Aug 21. Earnings Aug 5 $190 Jan 15 Calls $100 Jan 15 Calls Big bullish bets on $SQ, notably dated around Jan 15. Coincidentally, that is the timeframe I pegged for $TWTR $40 Calls, and for the Subscription platform to be announced. Personal Experience: I set up a Shopify site for a girl I know who started a brick-and-mortar clothing store. She is... technologically challenged, to say the least. Guess what she used for payments in retail? Square. Even with Shopify's poor integration with Square, she stuck with it (Against my advice for inventory & tracking purposes). As states reopen, and smaller brick and mortars are back, farmers markets, carnivals, etc, expect growth from $SQ. I am eyeing a $118-$122 entry to incorporate the stock into my portfolio, and purchase options. With this information, I propose: Short Term Play [HIGH RISK]: SQ $130c Aug 7 2020, trading at $6.57 at time of writing. 41% Probability ITM. Earnings Aug 05 2020. Long Term Play: SQ $160c Jan 15 2021, trading $11.03 at time of writing. 23% Probability ITM 2) DraftKings, Inc $DKNG [Internet Software/Services] - BULLISH DraftKings, Inc. operates as a digital sports entertainment and gaming company. It provides online and retail sports wagering offerings, online daily fantasy contests and online casino games. $DKNG profile, from FindMarketPlays early access platform Currently, only 5 states have legal online gambling [Delaware, Nevada, New Jersey, Pennsylvania, and West Virginia]. 23 states have Sports Betting legal and or in legislation. From https://investmentu.com/sports-betting-stocks/ Focus on casino gambling! You can gamble at a casino whether there are sports on or not, and the following states are most likely to legalize online casino gambling in the next 12 months [based on legislation]:
Source: https://www.bettingusa.com/states/ $DKNG overlaid with $PENN, following the same trajectory 52 Week high for $DKNG is $44. With Americans sitting at home, legalizing online gambling makes sense financially for governments and to satiate the appetite of the restless, short-attention span population. Let's take a look at the unusual options activity scanner: A stream of bullish plays, ranging from $30 to $40, expiring July 24 and Aug 21. $DKNG is both a stock and option play. I am eyeing a $28-$30 entry to incorporate the stock into my portfolio, and purchase options. Personal Experience: A buddy of mine ran an (illegal) sports book in college, and netted 6 figures over the course of four years. Tons of potential tax dollars on the line. With this information, I propose: Short Term Play [HIGH RISK]: DKNG $40 Aug 21 2020, trading at $3.50 at time of writing. 36.5% Probability ITM. Earnings Aug 13 2020.\*21,690 open interest in this position, which would control 2.2 MILLION Shares*\** Long Term Play: DKNG $45c Jan 15 2021, trading $6.70 at time of writing. 28% Probability ITM 3) Boeing, Co $BA [Aerospace & Defense] - BULLISH Boeing is the cornerstone of millions of stock portfolios. I remember hawking the stock price while on vacation in Paris, when the plane crashed in March '19. My ex was pissed. I was more pissed for not picking up some stock and options when it bottomed around $100 a few months ago. Bullish Boeing case: Boeing has a large backlog that covers several years of production for the most popular aircraft, which gives us confidence in aggregate demand for aerospace products. Boeing is well-positioned to benefit from emerging market growth in revenue passenger kilometers and a robust developed market replacement cycle over the next two decades. We expect that commercial airframe manufacturing will remain a duopoly over the foreseeable future. We think customers will not have many options other than continuing to rely on incumbent aircraft suppliers. $BA profile, from FindMarketPlays early access platform COVID-19 has been a blessing in disguise for $BA. COVID-19 gifted $BA time, the most important thing they needed to fix their issues. Airlines are not flying, so it is excusable for $BA to have cancelled orders. Finally, as long as the oil-based dollar is the global currency, $BA will be in business selling weapons. $BA overlaid with $RTX, another major defense contractor. Despite the airline issues, $BA is tracking $RTX, because defense is where the big money is. Let's take a look at the unusual options activity scanner: $1.3 Million in $195 Sept 18 Calls $800K in $180 Aug 21 Calls Earnings is July 29th, but this is not an earnings play. The stock is consolidating in the $170-$180 range, a huge support and resistance in 2020. I am eyeing a $165-$170 entry to incorporate the stock into my portfolio, and purchase options. With this information, I propose: Short Term Play [HIGH RISK]: BA $200c Oct 16 2020, trading at $14.01 at time of writing. 31% Probability ITM. Long Term Play: BA $240c Jun 18 2021, trading $18.75 at time of writing. 20% Probability ITM Conclusion Based on my research, $SQ stands to gain from $TWTR news, $DKNG is poised to dominate online gambling, $BA is slowly recovering, and will not fail. TL,DR: Short Term Play [HIGH RISK]: SQ $130c Aug 7 2020, trading at $6.57 at time of writing. 41% Probability ITM. Earnings Aug 05 2020. DKNG $40 Aug 21 2020, trading at $3.50 at time of writing. 36.5% Probability ITM. Earnings Aug 13 2020.\*21,690 open interest in this position, which would control 2.2 MILLION Shares*\** BA $200c Oct 16 2020, trading at $14.01 at time of writing. 31% Probability ITM. Long Term Play: SQ $160c Jan 15 2021, trading $11.03 at time of writing. 23% Probability ITM DKNG $45c Jan 15 2021, trading $6.70 at time of writing. 28% Probability ITM BA $240c Jun 18 2021, trading $18.75 at time of writing. 20% Probability ITM Final Note: I will include the stock with the most mentions on this thread in my next analysis post. Will try to get to all your questions this time. This reddit post is not investment advice - do thorough research before ever investing. Platform used is FindMarketPlays. Check my profile for a Demo. Enter your email here to know when it launches: https://docs.google.com/forms/d/e/1FAIpQLSeUTcj420FlNTpk4Ynozlbi3CuxhaIu6HJkyHLxAfZpFfG37w/viewform?usp=pp_url |
During the 2018 General Election, 37,889 likely duplicate registrants are apparently credited for casting two votes from the same address, and 34,000 registrants appear to have voted from non-residential addresses. Additionally, 6,718 registrants were apparently credited for voting after death.According to the report, New York, Texas, Michigan, Florida, and California were the top five states with dead voters on the rolls, accounting for 51 percent of all the dead registrants. The crucial swing states of Michigan and Florida had 34,225 and 25,162 dead registrants respectively.
Democrats and voting rights groups are now waging court battles to ensure that absentee ballots are not discarded on technicalities, pushing to require that ballots postmarked by Election Day be counted and to make signature-matching laws more voter-friendly.Meanwhile, in Indiana, a federal judge ruled that Hoosier election officials cannot reject ballots for dissimilar signatures without notifying the voter and giving him or her—aided, of course, by partisan pals—a chance to “cure” the ballot. In fact, 20 states allow a voter to attempt to cure a faulty ballot so that it can be counted. That might be a good idea, but we can see that each “cure” will take a lawyer, not a doctor.
The Deal will Transition and Grow CDI’s Sports Betting and iGaming Technology Platform Email Print Friendly Share August 27, 2020 16:00 ET | Source: Churchill Downs Incorporated LOUISVILLE, Ky., Aug. 27, 2020 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today multi-year agreements with GAN Limited (“GAN”) and Kambi Group PLC (“Kambi”) to provide player account management, casino platform, sports trading and risk management services for the Company’s sports betting and iGaming business, BetAmerica.
The integrated platform will offer the industry’s leading online, mobile and on-property sports wagering experiences to BetAmerica’s new and existing players.
“We believe the transition to GAN and Kambi as our new technology providers will enable our team to execute the rollout of BetAmerica sportsbooks and iGaming product offering more efficiently as states move to legalize and implement regulations permitting sports betting and iGaming in the coming years,” said Bill Carstanjen, CEO of CDI. “BetAmerica will benefit from the proven excellence of these market-leading providers.”
“We look forward to powering the BetAmerica brand with our highly optimized technology platform and enabling CDI to efficiently invest their marketing capital to attract loyal sports betting and iGaming players,” said Dermot S. Smurfit, CEO of GAN.
Kristian Nylén, CEO, Kambi, commented: “It’s a pleasure for Kambi to be partnering with CDI and its BetAmerica brand, which has the potential to benefit from its market access and existing customer database. I’m certain with the quality and experience we possess, together with the BetAmerica leadership team, we will be able to grow our businesses together as the U.S. sports betting and iGaming market expands.”
BetAmerica sportsbooks are currently available in New Jersey, Pennsylvania, Indiana, and Mississippi. Additional information can be found at www.betamerica.com.
| | Aight if mods ban this nothing I can do. Clearing up a few concerns listed on last post regarding if merger if finalized. submitted by Scared_Bearrrrr to smallstreetbets [link] [comments] https://preview.redd.it/a7bzri8anwb51.png?width=846&format=png&auto=webp&s=f95efe2144ba6f4da0281542a28a91e5e4abddae Added to sports betting ETF giving investors way more confidence about the merger. This was posted 2 hours ago so this will be a catalyst driving LCA up tomorrow. Those who showed interest will get extra DD. Ill answer any questions in the comments. LCA- SPAC merging into GNOG during Q3 (september octoberish). Online gambling company positioned in the sports betting industry. https://preview.redd.it/564r8p1onwb51.png?width=1025&format=png&auto=webp&s=fde5cfc447634cc25490c658fe73ee2999a6457e Important look at management. https://preview.redd.it/xojlumclnwb51.png?width=1031&format=png&auto=webp&s=b98afd4dec316158d1ef66707409f0e561a085ec Tilman is the owner of the Houston Rockets with a net worth in the billions. Also the recent push on stock price is due to Cramer giving positive feedback on the company and that management delivered on its promises of closing the awaited Michigan deal giving LCA more exposure. https://preview.redd.it/7rhhz31rnwb51.png?width=1147&format=png&auto=webp&s=5dc56afe874e7cc5fc266abbab0ed5928a72e6e2 Announced last to last week. https://preview.redd.it/qgc1wre1owb51.png?width=312&format=png&auto=webp&s=c4b63f256464f28b035c71b1e6b130b8399ee16e The next week Tilman delivered. Comparison with main competitor DKNG Dkng- 10B market cap and is not profitable. DKNG was a good investment in the 20 buck range but now its already half way up. LCA- 500 M market cap and is already profitable being the leader in New Jersey already so as states expand towards legalizing online gambling, LCA is in the best position to dominate. Legalization being pushed BUT IS NOT why this play is so attractive. https://preview.redd.it/9w72g5l6owb51.png?width=455&format=png&auto=webp&s=e4c94d42d0df94386f397068c4936e5cb6056305 With the NFL opening up during August, this will be a catalyst for LCA as they have positioned themselves into sports betting. Even for some reason the NFL closes, more traffic to LCA's online casinos. Win win. Main thing I am saying is explosive growth while being COVID PROOF. TECHNICALS. EDIT: OUTDATED AND LAZY TO REPLACE TECHNICALS. OVERSOLD AF RN https://preview.redd.it/osszi7dbowb51.png?width=198&format=png&auto=webp&s=51d341dd5acca26d1e442eeecdc2464838ff9fbc LCA has a SMALL ASS float. So on news this runs hard as hell. When LCA starts running prior to the merger expect huge FOMO psychological effect for investors piling in an undervalued comapny and the share price just explodes. https://preview.redd.it/qmwfp56howb51.png?width=274&format=png&auto=webp&s=5859a00af6b6ea64d399844e3e700ee376b49b8c MACD and VWAP line flirting with each other for a crossover. This might bring a technical breakout due to the NFL news released this weekend. Never base plays on technical analysis but this is nice to support your plays. People say that "Oh Americans have no money how will they gamble"- well gambling is sadly a poor man's mindset. Desperation and hope fuel gambling which is very apparent in this mindset. Rich or poor, current economic state has little to do with LCA's stock price, so no worry in this aspect. https://preview.redd.it/s1ngwcykowb51.png?width=669&format=png&auto=webp&s=96f69784a8a631caa11b04235b8a37530393e41f Profitable with huge growth ahead! TLDR: LCA is an undervalued company in one of the 2 hottest trends: SPACs and Online gambling and sports betting. My positions: 9/18 $15 C and a shit ton of shares. Looking to add more calls on monday if price is right. I would say an entry below $14 in calls and shares is phenomenal for the move coming here. I entered my calls and shares at $13.11 ish I put a starter positon at $14 and added heavy at 13s and 12s. https://preview.redd.it/piebj6ypowb51.png?width=1913&format=png&auto=webp&s=7ba68ea91d8f12f7f91b5d9f1addaab7ef8f4a44 RH for u autists I bought around there and kept averaging down. Under $14 would be my recommended entry. DO YOUR OWN DD AS WELL. EDIT: AFTER REPOSTING THIS NEWS CAME OUT LCA BEING ADDED TO A SPORTS BETTING ETF. https://www.benzinga.com/trading-ideas/long-ideas/20/07/16681856/sports-betting-etf-adds-fertitta-spac-ahead-of-golden-nugget-onlines-nasdaq-debut?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+benzinga%2Fetfs%2Fnew-etfs+%28Channels+-+ETFs+-+New+ETFs%29&utm_content=Google+Feedfetcher Under $15 is the highest entry. Do not chase above. |
Other forms of legal online betting in New Jersey include casino and poker sites, daily fantasy sports sites, horse racing betting, and lottery games. In-person betting is similarly widespread with Atlantic City casinos, retail sportsbooks, racetracks, off-track betting parlors (OTBs) and the state lottery all open for business. The sports fan experience in New Jersey will change thanks to sports betting. New Jersey sports betting history. The path to legal sports betting in New Jersey was paved on May 14, 2018, when a Supreme Court ruling overturned a 1992 decision which effectively made sports gambling illegal in the US everywhere except Nevada, which was ... Legal sports betting continues to grow in New Jersey heading into the 2020 NFL season. Fans of the New York Giants, or any other team, can sign-up at BetMGM Sportsbook to get action on their favorite team this season. SportsbookWire.com has beginner bettors covered. Our legal online sports betting 101 guide for new bettors explains how to bet on the moneyline, against the spread and the Over ... Legal New Jersey sports betting sites, laws and online sportsbook. Find the best online sports betting options that offer odds to bet on professional and college leagues, daily fantasy sports as well as horse races in New Jersey. While many bettors have been gambling online for years, whether it be on an offshore site or through their local bookie's system, this is the first time in New Jersey you can legally bet on sports ...
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The Supreme Court has ruled that states have the power to legalize sports betting. The case came from New Jersey, a state that fought for years to legalize sports bets at casinos and race tracks. Legal sports betting got underway Thursday in New Jersey. CBS2's Meg Baker reports. While bettors shelled out $260M in bets in October, sportsbooks took a hit with only $11.7M in NJ sports betting revenue. Online sportsbooks in New Jersey were the biggest winners, with DraftKings ... The U.S. Supreme Court has ruled to legalize sports betting, overturning a 1992 law. To read more: http://cbc.ca/1.4662311 »»» Subscribe to CBC News to watch... For a generation, Nevada was the only place in the country where people could legally bet on sports. But thanks to a May Supreme Court decision, many fans wo...