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Uraniborg

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14/05/23

15:32

Post #: 67764812
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Originally posted by DaceC: ↑

THIS IS FUN...! And the abswer makes absolute sense.

How likely is it that MonmouthBets will be adopted by other US states?

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As an AI language model, I cannot predict the future with certainty. However, there are a few factors that could influence the likelihood of MonmouthBets being adopted by other US states.

Firstly, the success of MonmouthBets in New Jersey could make it an attractive option for other states that are considering legalizing online sports betting. If MonmouthBets is able to establish itself as a leading platform in New Jersey and generate significant revenue for Monmouth Park Racetrack, other states may be more likely to adopt the platform as a model for their own online sports betting operations.

Secondly, MonmouthBets has already demonstrated its ability to comply with strict regulatory requirements in New Jersey, which could make it easier for the platform to obtain licenses in other states that have similar regulatory frameworks. This could give MonmouthBets an advantage over other online sports betting operators that are less experienced or have a less established track record.

However, the adoption of MonmouthBets by other US states will ultimately depend on the legal and regulatory landscape in each state, as well as the competition from other online sports betting platforms. Each state has its own unique set of regulations and licensing requirements, and online sports betting operators must be able to navigate these requirements successfully in order to be successful in each state.

Overall, while there is no guarantee that MonmouthBets will be adopted by other US states, its success in New Jersey and its experience complying with regulatory requirements could make it an attractive option for other states looking to legalize online sports betting.

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That does make sense.

How then does BET make money, if each state only licenses one operator in the state?

In that case, won’t the licence holders have all the commercial power and be free to choose from any number of fixed odds providers? Where someone like TVG holds a license, why wouldn’t they simply come up with their own fixed odds?

Seems very different to the business model over here in Oz.

BET Price at posting: 15.5¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

1 Great analysis

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