Sports Betting Poker
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A bill that would legalize online sports betting in Georgia was officially filed as the state’s 2021 legislative session kicked off a week ago.
HB 86 was filed last Thursday and would allow gamblers 21 or older inside Georgia state lines to wager on professional and collegiate sporting events online. The bill was sponsored by Rep. Ron Stephens, who told local media outlets last month that expanded gambling was a lock to pass in 2021.
The bill received bipartisan support as it was co-sponsored by Rep. Billy Mitchell, Rep. Lee Hawkins, Rep. Shelly Hutchinson, Rep. Matt Dollar and Rep. Al Williams. Of the six sponsors, three are Republican and three are Democrat.
Legislation that would allow for gambling outside of the state lottery would require an amendment to the state constitution, but this bill would allow the lottery to regulate the sports betting market, which would exempt the legislation from the amendment process.
The legislation, known as the Georgia Lottery Mobile Sports Wagering Integrity Act, would tax sports betting companies 16% of their revenue. The taxes collected from sports betting would be used to help fund the HOPE scholarship.
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According to a report from the Atlanta Journal-Constitution, the legislation is supported by the four professional sports franchises in the state.
“We don’t receive revenue from this,” Atlanta Braves President and CEO Derek Schiller told the AJC. “This is good for our fans, we think, from a fan engagement perspective. But it’s also good for the state because it drives new tax revenue to the state, especially in this unique time that we’re in and going to be recovering from.”
According to Stephens’ estimates, online sports betting would generate about $100 million in revenue. Last month, he said that sports betting is the most likely gambling activity to pass this session because it has the “path of least resistance.”
Outside of the lottery, gambling in Georgia is extremely limited. It is one of the few states in the union without brick-and-mortar casinos.
With states strapped for cash stemming from the COVID-19 lockdowns, many are looking into legalizing gambling for no other reason than increased tax revenue. In just the first few weeks of 2021, New York Gov. Andrew Cuomo changed his tune on statewide online sports betting, governors in both Arizona and Kentucky are pushing for sports betting in their state and a sports betting bill was pre-filed in Florida.
If passed in its current form, Georgia would join Tennessee as the only states to offer online-only sports betting.
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A pair of poker pros teamed up to win a combined $785,623 in two separate sports betting competitions in Las Vegas.
David ‘ODB’ Baker and Mark Gregorich paired up in the Las Vegas SuperContest hosted by the Westgate Las Vegas and in the Circa Sports Million II. The duo won the SuperContest, one of the most coveted titles in the Las Vegas sports betting world, for $435,623 and finished in a tie for second in Circa’s contest, adding another $200,000 to their bank accounts.
They also won the SuperContest’s first quarter prize for $100,000 and came in second in the exact same contest at Circa. They received an additional $100,000 for sitting atop the leaderboards after the first four games of the NFL season, and an additional $50,000 for second in Circa’s first quarter leaderboard, bringing the total profit to money won to $785,623.
With the victory, the two showed off their overall gambling prowess, not just their proven track record at the poker table, which is already impressive. There is nearly $7.9 million in combined tournament earnings between the two longtime pros. Baker also adds two World Series of Poker bracelets and a World Poker Tour title to their combined resume.
Both the SuperContest and the Circa Millions were sports betting competitions where each team would pick five NFL games against the spread. A win was worth 1 point and a push/tie were worth .5 points. The team with the most points at the end of the season wins.
Playing under the team name ‘ODBMG2,’ Baker and Gregorich put up the $1,500 buy-in. With a record of 54-26-5 and 56.5 points, they bested the field of 1,172 entries to earn the SuperContest title and the first-place money. They narrowly edged out ‘Yugo77’ by 1.5 points for the title.
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After racing to the top of the leaderboard by the start of Week 3, Baker and Gregorich never lost the top spot. Heading into the final week yesterday, it was essentially a two-team race between the team of poker pros and ‘Yugo77.’
Update after morning games.
We win super contest if Rams +2.5 OR Chicago + 5.5 OR Wash -2.5 tonight. However we want GB to cover as we have them in Circa and need them Carolina and Seattle to either win or set up Washington’s tonight. Decent morning. Not perfect but fine
— David Baker (@audavidb) January 3, 2021
Baker and Gregorich picked the Dallas Cowboys (-1.5), Pittsburgh Steelers (6.5), Baltimore Ravens (-12.5) and Washington Football Team (-2.5). ‘Yugo77’ went with the Green Bay Packers (-5.5), Carolina Panthers (3), Detroit Lions (+6.5) and Arizona Cardinals (-2.5).
Baker and Gregorich went 3-2 with their picks, while ‘Yugo77’ went 2-3, securing the title.
Circa’s contest was a $1,000 buy-in with a $1 million guaranteed first-place prize and what ended up being a field of 3,148. The pair was in the lead for a seven-figure score heading into Week 17 but fell just shy of their ultimate goal.
So close to the double win. Ugh Seattle gave us the miracle then took it away….we won WestgateVegas</a> SuperContest for $435k which is so cool and a dream! We managed to tie for 2nd in <a href='https://twitter.com/CircaSports?ref_src=twsrc%5Etfw'>CircaSports for $200k consolation prize! What a fun ride @markgregorich
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— David Baker (@audavidb) January 4, 2021