The irony, more US books have went bankrupt than offshore

[jjgold]

At least 4
Offshore zero last 4 years or so

 

[fishhead]

You were at SBR when Bet Islands went belly up and SCAMPERED.

 

[jjgold]

I wasn’t around then go back and look
Left before that when I claimed bankruptcy
Tiny book lol

FanDuel , DraftKings, MGM and Caesars is holding 82% of the market share right now

 

[fishhead]

I wasn’t around then go back and look
Left before that when I claimed bankruptcy
Tiny book lol

FanDuel , DraftKings, MGM and Caesars is holding 82% of the market share right now

LOLOL,,,,,,you took off a few hours before the shit hit the fan, and cashed in all your pizza points for bitcoin.

Do they call you JJ MAVERICK in Carson City?

 

[jjgold]

I took off way before that never even promoted the book nor played there. I was always ahead of the curve.

I always promote the big boy books maybe once in a while a small credit book that’s been around forever

 

[Tanko]

Which books in US went belly up JJ?

 

[KVB]

Which books in US went belly up JJ?

Remember Maxim magazine?

They started Maximbet and it folded.

FuboTV shut down Fubo Gaming in less than a year and they had major sports sponorships. I think the NY Jets sued them for money owed.

Diamond Sports Group also went into backruptcy last year but kept operating. They license the Bally's name and were running close to 20 books across the country.

Costs are high, inlcuding licensing, and margins are low, it's a tough racket when the big ones Gold named above can afford the customer aquisiton phase and take those operating losses.

Other books have trouble competing.

 

[KVB]

When DK and FD tried to get into California part of that proposition was that nobody can open another sportsbook in the state without like a $100 million dollars to put up.

This was one of the reasons I was so opposed to the legislation, even if it meant legal betting in CA, as I felt they were creating an unfair marketplace.

They spent some $400 million that election cycle and the props failed.

$400 million!!!!!!

The big guys are the big guys and they know it.

Unreal.

 

[jjgold]

New Jersey already had three books gone
If you look at the monthly numbers, somebody’s books are barely doing any volume in different states

 

[castelion]

When the gambling market is legalised, (or de-regulated and re-regulated as happened in the UK back in the day), there are always new books popping up and trying to compete. The UK market showed that only the huge books survive. Tote effectively went under, Mecca were rescued by Wm. Hill. BetFred had to massively expand or die. Even Corals has been absorbed by Ladbrokes. All the smaller independents got picked off.

Most of the smaller US shops will struggle. Operating legally requires an economy of scale and a larger betting market. More competition means better odds for customers but smaller margins and low turnover mean small books don't grow and remain vulnerable.

 

[KVB]

Costs are high, inlcuding licensing, and margins are low, it's a tough racket when the big ones Gold named above can afford the customer aquisiton phase and take those operating losses.

Most of the smaller US shops will struggle. Operating legally requires an economy of scale and a larger betting market. More competition means better odds for customers but smaller margins and low turnover mean small books don't grow and remain vulnerable.

Yeah, they have to be able to endure losses at this stage. Not an easy thing to do for many.

 

[keithrichard]

Damn....am I getting swamped with emails from my 8 U.S. books. Not funded currently at any of them and no offers seem worthwhile.

 

[BigJay]

I always promote

…the rest of this @jjgold quote should factually read:

“I always promote whoever’s paying me tells me to promote.”

 

[lex_icon]

Anything that is heavily controlled, or regulated by the state tends to be crap

 

[lekidecincinnati]

spending lots of money on ads

 

[castelion]

spending lots of money on ads

It works. It's an extra financial block on new players coming into the market. Name recognition is important to potential new customers. It's how cigarette manufacturers operated back in the day.

 

[Pimike]

I took off way before that never even promoted the book nor played there. I was always ahead of the curve.

I always promote the big boy books maybe once in a while a small credit book that’s been around forever

He does

I can attest to that

 

[KingKolzig]

Fanduel and dk link to savings accounts to clean out Joe regular
Banks allow it and make the transaction instant at 2 am

 

[jjgold]

Fanduel and dk link to savings accounts to clean out Joe regular
Banks allow it and make the transaction instant at 2 am

thats unreal

 

[ruder.de.rudy]

At least 4
Offshore zero last 4 years or so

The reason is, US books have to pay the money to players

Offshore takes the money.

Pathetic post