A recent Supreme Court ruling that legalized sports gambling in the United States is about to unleash a stampede of established and upstart enterprises angling for your wager — from racetracks to casinos to apps on your mobile phone.
So how will that affect your local bookie? We asked several around town and the consensus reply was, “Not much.” This story is about why those bookies believe that their profession, today practiced in places ranging from your local bodega to offices off-shore, will weather the coming disruption.
State after state, starting with New Jersey, is likely to pass legislation allowing the kind of sports betting that had previously been limited to Nevada. But bookies say they will continue to offer crucial services to serious gamblers that the legal operations won’t be able to match, such as up-front loans and transactions that leave no official record.