Monday, January 31, 2011

Exchange Wagering Signed into Law In Jersey

Nj.com reports the law that allows exchange wagering has been passed and signed into law.

What's next? I would assume a fight about what to charge. We'll see at that time what the powers in Jersey hope to accomplish. If the rake is changed it doesn't take a rocket scientist to know it will fail , but if they get a good deal from Betfair for a share of the gross profits instead (and a nice hunk of remarketing thrown in), it has a chance to help change the Jersey landscape, in a state that badly needs an influx of new customers, or eyeballs on their product.

3 comments:

Anonymous said...

'If' the takeout is changed?! More like when! It's the way racing works PTP. They will blame the handle losses on the weather.

Phil

Anonymous said...

I'd "lay" 2-5 that they are going to mess this up.

Jeff said...

Finally someone is giving giving something "new" a try. At the very least, if they botch the pricing on this, it will provide an example of what not to do to any other jurisdiction willing to look to the future rather than the past.