Wednesday, August 29, 2018

Some Basic Answers On Root Details For Blackjack

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Picking Out Root Issues In [gambling]

The Basics On Efficient Methods

Sports Betting Is Not Yet a Home Run for New Jersey Casinos

A baseball batter swinging a bat. We'll see these betting numbers increase over time , but even so, there were a few interesting outcomes already. Perhaps the biggest surprise so far is that the Borgata has not been New Jersey's big winner, at least not yet. Despite being the state's biggest and most profitable casino, Monmouth Park finished the month well ahead of the Borgata, generating revenue of $2.28 million while the casino took in less than $1 million. The Ocean Resort generated almost $192,000 for its one day of operation. Also, of the total amounts reported so far, bets placed on future sporting events that have yet to occur are being counted in current month reports and are being taxed in the month they're placed. That means sports betting results could be volatile going forward since payouts for these bets could occur months after the bets were made. Delaware doesn't break out how much of the $7 million wagered was for future events, while New Jersey said over $1 million of the $16.4 million was for such events. New Jersey also has a separate line item for "unredeemed winning wagers," which represents bets that were won but not cashed in. That totaled $1.2 million for the two weeks in June, and they'll be deducted from the sportsbooks' revenues in future periods when they're finally redeemed.

For the original version including any supplementary images or video, visit https://www.fool.com/investing/2018/08/05/sports-betting-is-not-yet-a-home-run-for-new-jerse.aspx

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