Sports Betting in OK

[Anonymous.]

Young people gambling has taken over every aspect of life now. Sports are just the next hot thing to place bets on.

There is entire subreddits dedicated to taking insane bets on the stock market in the medium of options trading. The most popular subreddit for this type of gambling has gone from 700K users in 2020 to now almost 18 million. The demographics for this sub are almost entirely 18-30 year old males. There is people on there taking cash advances on credit cards and even using college tuition money to place ultra-high risk option bets.

There is many social media accounts (tiktok and instagram) where users with massive followings go into casinos and film themselves gambling. But the kicker is that these casinos are actually paying these users to come play and stage fake wins in order to encourage others to visit that casino and try their own luck.

The future is bankruptcy.

[Pete]

^

The difference is that college kids are now sitting in dorm rooms and frat houses and doing massive amounts of sports betting on their phones.

There is a real young male culture around all this, rooted in the fact most these guys already have fantasy football accounts on these betting sites.

And it's going to get much, much worse.

[BoulderSooner]

^

The difference is that college kids are now sitting in dorm rooms and frat houses and doing massive amounts of sports betting on their phones.

There is a real young male culture around all this, rooted in the fact most these guys already have fantasy football accounts on these betting sites.

And it's going to get much, much worse.

there most certainly is more public gambling now then ever before ...

BUT 25 years ago sports gambling online (off shore) (computer not phone) was very very very wide spread among males on college campuses ...

[Pete]

there most certainly is more public gambling now then ever before ...

BUT 25 years ago sports gambling online (off shore) (computer not phone) was very very very wide spread among males on college campuses ...

So just imagine the many multiples it will become with legalized, highly-advertised, casino-in-your-pocket new laws that are being proposed.

Credit cards are also much more available.

[BoulderSooner]

So just imagine the many multiples it will become with legalized, highly-advertised, casino-in-your-pocket new laws that are being proposed.

Credit cards are also much more available.

no doubt ..

[Urbanized]

I’ve never been a big gambler myself, maybe because my first casino experience involved cleaning out my already-meager bank account when I got swept up with the fever on a New Orleans riverboat when I was in my very early 20s. Classic case of throwing good money after bad, but fortunately it was only a few hundred bucks. That said, it was all of the money I had at the time, and it left a really bitter taste in my mouth.

Back when I worked in radio - at a sports station no less - I was surrounded by parlays, fantasy football and the like, but I was never really tempted because I could still clearly recall what being cleaned out felt like.

I actually enjoy plying roulette and especially blackjack…I enjoy the rhythm of those games and in the case of blackjack I have the strategy card memorized and appreciate that playing blackjack in a disciplined manner gives you the best odds (about 45%) of any game in the house, but I’ve never sat down at a table expecting to win.

So if in Vegas or at some other occasion where gambling is handy or even expected by peers (going to a bachelor party in Vegas, for instance), I always preestablish my limit before even walking into the place and NEVER exceed it. A few hundred bucks for a sit with friends at a fun blackjack table once on a blue moon? OK, but that’s it for me, thanks.

I’m also really honestly glad that Oklahoma casinos have the stupid antes at the blackjack tables. The only way to win under those rules is to play high stakes, and I’m not about to do that, ever. In Vegas or Kansas City or wherever I can often keep going for many hours on a blackjack table with a few hundred bucks using strategy, but there’s zero chance of doing that on a low-stakes table with a 50 cent ante. Keeps me from going into Oklahoma casinos at all. Fine with me.

I’m also glad I didn’t grow up in an era when social media was intentionally designed to influence my impressionable still-forming brain into making terrible decisions.

[onthestrip]

Im sure whenever sports gambling gets legalized in Oklahoma the tribes will be the main player, so at least that way money mostly stays in state. But you look at other states where its legal, and the main books are companies like Fan Duel or Draft Kings and they have no in state presence in most states. They basically get to suck out millions and millions of dollars out of a state, providing no benefit, no value, no jobs. Sure, those states get some kind of tax off it but no way is it a good deal in the end when your state is sending hundreds of millions to out of state companies.

[floyd the barber]

I gamble about $200 on the Superbowl. It's the biggest game of the year, so why not.

I couldn't care less about the other sports. Football is really the only sport I feel like I know. My wallet is safe for 11 months of the year.

I've probably said this before, but legalizing sports betting in Oklahoma isn't important to me. There are other issues this state could work on. It's so easy to gamble offshore anyway. If Oklahoma politicians can't realize that, then I don't know what to tell them.

[Plutonic Panda]

For me gambling is an expense. It’s something I do for fun if I’m with friends. I understand that there are people with addictions and I know a thing or two about that but it is what it is. I’m not a gambling addict so I can’t speak on that particular addiction. All I know is that I’ve gone to the casino and gambled with friends and had a lot of fun. Yes I’ve won money but no doubt I’ve lost more than I’ve won and frankly, I don’t care because like I said we were just having fun.

[BoulderSooner]

I've probably said this before, but legalizing sports betting in Oklahoma isn't important to me. There are other issues this state could work on. It's so easy to gamble offshore anyway. If Oklahoma politicians can't realize that, then I don't know what to tell them.

this is largely where I am .. gambling by college age males in Oklahoma is already very very widespread .. maybe the state should take a cut ... but if not that also doesn't bother me ..

[Bunty]

Getting sports betting legal has nothing to do with the state legislature and everything to do with the tribes (of course some legislatures are heavily influenced by tribes). The state and tribes are pretty much at a stalemate, tribes refuse to touch the current gaming compact to open up sports betting because they don’t want to work with Stitt and fear opening the market to non tribe gambling revenue.

There is no way that the tribes can even come close to competing with the technology and access that draft kings, FanDuel, MGM can provide. Plus sites like Kalshi will become more popular and will be the go to way to bet on teams in the states that haven’t legalized sports betting. In Oklahoma, you can already legally bet on the Super Bowl winner on Kalshi.

Senate committee advances three sports betting bills, including Thunder-specific proposal.
https://okcfox.com/news/local/senate...s-mgm-fanatics

[BoulderSooner]

Senate committee advances three sports betting bills, including Thunder-specific proposal.
https://okcfox.com/news/local/senate...s-mgm-fanatics

there is exactly 0.00 reason to give the thunder a cut of sports betting ... period ..

[FighttheGoodFight]

there is exactly 0.00 reason to give the thunder a cut of sports betting ... period ..

Hey now, the owners need to get their good faith downpayment for the stadium back!

[bamarsha]

there is exactly 0.00 reason to give the thunder a cut of sports betting ... period ..

Unless they start throwing games for this benefit, so not 0.00... just saying.

[bison34]

Unless they start throwing games for this benefit, so not 0.00... just saying.

So they would go to jail. Guess you are right. Lol

Fraud is fraud. Throwing games is fraud. If it is proven, they go to jail, or pay a huge, massive fine. It will never happen.

[BDP]

Under Sen. Coleman's bill, the state would receive 10% of the net proceeds from sports betting, which is estimated to be worth $20 million annually. The Thunder would receive 0.25%.

Assuming those estimates are correct, and the 0.25% Thunder share is of net also, that'd be about $500k a year. That's not even half a rookie salary, so I'm not sure what the angle is. And is there any precedent for this? That is, has a specific sports franchise been singled out for a gambling license before?

It seems that gross revenue from casino gambling in Oklahoma is currently around $150MM. So, that's estimating the net proceeds from sports betting will be 33% more than the current gross revenue from casino gambling. Obviously, I have no idea how the net is being calculated in these made up numbers, but that suggests that sports betting is expected to generate revenue at a multiple of what all casino gambling currently generates in the state.

[floyd the barber]

Giving the OKC Thunder proceeds from gambling revenue is not okay. It's a major conflict of interest and any state senator supporting this bill is a fool.

[citywokchinesefood]

This is just another move to extract money from the poor's that don't know better. I love to gamble, and I do it consciously knowing I am not going to win. Sports betting is predatory and extracts money from the ignorant and gifts it to people that should be put down like rabid dogs.

[Urbanized]

Giving the OKC Thunder proceeds from gambling revenue is not okay. It's a major conflict of interest and any state senator supporting this bill is a fool.

You and I might not like it, but it is inevitable. There are ALREADY sports books inside NBA arenas in Phoenix, DC and Cleveland, plus the Bulls have a FanDuel lounge at United Center.

There are also sports books at Wrigley Field, plus the home field of the Nationals and Diamondbacks. NHL’s Columbus Blue Jackets, and there’s one at the home of the NFL’s Washington Commanders.

So, it’s not going anywhere, and in fact is only just getting started and picking up steam. I’d say it’s a near certainty that OKC’s new arena will have planned space set aside for if/when a sports book becomes possible in the home of the Thunder.

[Pete]

^

Except none of this has been decided in Oklahoma, so input of citizens can have a profound effect on what happens from here.

I would encourage people who think all or any of this is not to their liking, to speak out.


Oklahoma has already proven they can't come close to regulating cannabis and lots of really bad things have happened as a result. The "legalize and regulate" argument should be far less persuasive in a state with a very bad track record in this particular area.

And on top of all that, you have all levels of government being gutted nationally and locally. This is the worst possible time for the government to open the gambling flood gates.

[Pete]

Another great episode of Michael Lewis' Against the Rules podcast.

Talks a lot about Australia, which has had fully legalized sports betting for over two decades. There is now a massive betting addiction problem and there is lots of talk about banning sports betting advertising and rolling back the laws.

This is a glimpse into our future, and still, nobody can explain the benefit to society because there isn't any.

https://www.pushkin.fm/podcasts/agai...e-gambler#play

[PoliSciGuy]

Another great episode of Michael Lewis' Against the Rules podcast.

Talks a lot about Australia, which has had fully legalized sports betting for over two decades. There is now a massive betting addiction problem and there is lots of talk about banning sports betting advertising and rolling back the laws.

This is a glimpse into our future, and still, nobody can explain the benefit to society because there isn't any.

https://www.pushkin.fm/podcasts/agai...e-gambler#play

This is great (and worrying), thanks for sharing

[OKCTalker]

I attended a conference that was held in a casino conference center, and I arrived around 7:00 am. The cars in the customer parking lot were old beaters in disrepair. Gamblers had a cigarette in one hand, and the other hand was rapidly hitting buttons on video gambling machines (double addiction at work here). By clothes, personal care and appearance everyone looked as if they were one step away from living under a bridge or in their car. It is THESE people - on the margins of society - for whom I feel the worst when it comes to gambling.

[Swake]

^
Oklahoma has already proven they can't come close to regulating cannabis and lots of really bad things have happened as a result. The "legalize and regulate" argument should be far less persuasive in a state with a very bad track record in this particular area.

What has gone wrong with marijuana regulation in Oklahoma? I don't have a card and don't smoke so I really have no idea.

[bamarsha]

What has gone wrong with marijuana regulation in Oklahoma? I don't have a card and don't smoke so I really have no idea.

It's one big paradox. How are you supposed to regulate something that is illegal, but at the same time have laws that say it is ok to break the law?