|
Just our luck
Thursday, Mar 12, 2020 - Posted by Rich Miller * The NBA, NHL and MLS have all suspended their seasons. Major League Baseball just postponed the start of the season and the NCAA Which brings us to a nascent industry in Illinois that is about to get totally clobbered…
The state is counting on sports betting revenues to help fund its vertical infrastructure program.
|
 |
|
|
- Ron Burgundy - Thursday, Mar 12, 20 @ 1:37 pm:
There’s always the sweepstakes machines. /s
- Oswego Willy - Thursday, Mar 12, 20 @ 1:38 pm:
(Hashtag) SnakeEyes
- SOIL M - Thursday, Mar 12, 20 @ 1:41 pm:
NASCAR Races will still be run. But with no spectators
- Leatherneck - Thursday, Mar 12, 20 @ 1:41 pm:
Maybe switch this year’s tournaments to an all-ESports format. Including the NCAAs. Broadcast the games like they were the real thing.
- BilboSwaggins - Thursday, Mar 12, 20 @ 1:44 pm:
I guess they can take bets on the election unless they cancel that, too.
- ChicagoBars - Thursday, Mar 12, 20 @ 1:45 pm:
Not clear yet if sports betting is a displacement activity (people will just wait & spend their NCAA betting money after the interruption aka last year’s polar vortex for bars and restaurants) or lost activity like the 2020 tradeshow cancellations in Chicago…which is revenue gone for good in 2020.
But none of this is good, not at all, not for bars, and not for a City, State, and County with minimal rainy day funds.
- OneMan - Thursday, Mar 12, 20 @ 1:46 pm:
Wipe down those video poker machines
- Bruce( no not him) - Thursday, Mar 12, 20 @ 1:49 pm:
Can we bet on the dates the sports come back? The number of children born in 9 months from all the “ quality time” spent at home with no sports?
- AnitaThrowaway - Thursday, Mar 12, 20 @ 1:58 pm:
Probably a dumb question, but what exactly does that mean for the projects in the vertical infrastructure program? No funding, no projects? Is there any level of prioritization to say if in the event of a X % funding reduction, these projects are scrapped first while we ensure these other projects are funded as best as possible?
- Ducky LaMoore - Thursday, Mar 12, 20 @ 2:03 pm:
MLB just suspended all baseball operations….
- socialist state - Thursday, Mar 12, 20 @ 2:05 pm:
I hope the Governor’s Office is taking a close look at how to fast track sports betting once sporting events resume. The inability to bet online is going to cost the state tremendously. You can’t have only one location available in the state and make any money.
- Trollbait - Thursday, Mar 12, 20 @ 2:07 pm:
Rivers spent a lot of money to get an advantage in the market place and it just blew away
- Pundent - Thursday, Mar 12, 20 @ 2:14 pm:
Sounds like we’re about to experience March Sadness.
- bogey golfer - Thursday, Mar 12, 20 @ 2:24 pm:
The PGA will go on without spectators up to the Masters.
- Oswego Willy - Thursday, Mar 12, 20 @ 2:27 pm:
=== the Masters.===
The “Membership” will need to choose if they want to risk health in and around their hallowed grounds.
If I were a betting sort (see what I did here?) I’d bet the “Membership” cancel.
They don’t need the money.
- 47th Ward - Thursday, Mar 12, 20 @ 4:49 pm:
===Rivers spent a lot of money to get an advantage in the market place and it just blew away===
Maybe Neil Bluhm can start a Go Fund Me page?
- low level - Thursday, Mar 12, 20 @ 11:19 pm:
No sympathy for Rivers certainly.
All that expected gambling tax revenue is now gone. So projects and everything that relied on that gaming tax money is now delayed or cancelled.