Another week in the books for sports gamblers. A week since the Supreme Court's decision that will enable states outside of Nevada to offer legal sports wagering. And while who will launch when and where continues to dominate the conversation there is plenty around to satisfy all our gambling needs. Let's dive right in and take a quick look at the industry in this week's report.
New Jersey May Not Be First
It was widely assumed that New Jersey would be the first state to offer legalized gambling since they were the headline player in the case at the Supreme Court level. They appeared ready to go and most figured it would be very soon after the decision. Monmouth Park was hoping to be first and had declared they would be open for business on May 28th.
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Of course, this all seemed to easy and it was. Legislation hold ups now look like local laws should be in place by June 7th, the next time they are set to have a voting session. The people of Jersey have waited this long so what's a few more weeks. Meanwhile, while Jersey hits a delay Mississippi and Delaware are pushing hard to get regulations in place so they can begin offering sports wagering.
NHL Playoffs, The Golden Knights Historic Run
The improbable run for the Vegas Golden Knights continues as their next stop is a trip to the NHL Stanley Cup Finals to meet the winner of the Lightning and Capitals series. The Knights defeated the Winnipeg Jets 4-1 in the Western Conference finals and continue to defy expectations as an expansion team. The Knights are currently listed at +112 to win the Cup.
NBA Playoffs (The Western Conference Finals/NBA Championship)
In what many consider the actual NBA Championship the Golden State Warriors took a 2-1 series lead with an absolute dismantling of the Houston Rockets 126-85 in game 3. This game was never close as the Warriors went up 9 after the first quarter and the lead just grew from there. Steph Curry found his offensive game with 35 points and the Warriors looked as scary as ever. The Warriors odds have jumped all the way to -500 to win the championship. The Rockets are currently +700.
On the other side, the Eastern Conference finals have the Cavaliers playing the Celtics. As of this writing, the Celtics led 2-1 after the Cavs dominated game 3 in Cleveland. Can Lebron lead the Cavs back to another NBA Finals? The Cavs are currently +1200 to win the title while the injury-riddled Celtics are +1400.
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A quick look around and I'm seeing no major issues with any of the large or smaller shops. Payout reports for are showing few hours to few turnarounds on most payouts. Bitcoin obviously remains the fastest way to get funds with most being within one-day turnaround.
Will be anxious to see how the new US gambling climate affects the offshore industry. Maybe the new influx of players will lead to increase in traffic to the offshore sites. Will these new gambler's just take whatever is in front of them or will they shop for the bonuses and better product that will be offshore?