Musik News » Jenkins is not only a team leader

Atlantic City is dreaming of vast new riches that might come its way if the U.S. Supreme Court legalizes sports betting here and across the nation Andy Isabella Jersey , but some analysts say the state might do well to curb its enthusiasm a bit.

While acknowledging that any new money would be a help, these analysts caution cite the level of business that sports betting generates in Nevada, the only state where single-game wagering is currently legal. Even with most of the country to itself in terms of the sports betting market, Nevada gets only a minuscule portion of overall state gambling revenue from such bets.

The Supreme Court will decide by June whether to overturn a federal law banning sports betting in all but four states that met a 1991 deadline to approve it: Delaware, Montana, Nevada and Oregon.

In a recent research report, Moody’s Investors Service noted that ”to date, legal sports winnings have been fairly slim.”

In Nevada, sports betting accounts for just 2 percent of statewide gambling revenue. Over the past 12 months, casinos won $215.3 million on sports bets, for a win percentage of 4.8 percent.

”From this win, the operators must pay taxes and expenses of operating the business, resulting in a very low profit margins and a small percent of overall earnings,” the company wrote.

In New Jersey, Moody’s estimated sports betting could initially bring in $108 million, or about 4 percent of New Jersey’s annual gambling revenue.

In contrast, internet gambling brought in $245.6 million last year in New Jersey Johnathan Abram Jersey , or more than 9 percent of the state’s gambling revenue.

Last week, Atlantic City casino and elected officials lamented the loss of sports betting revenue they would have expected to garner with the local team, the Philadelphia Eagles, in the Super Bowl.

City Councilman Marty Small called it ”a lost opportunity” and predicted the casino hotels would have been sold out for Super Bowl weekend. While not offering specific dollar estimates, some casino executives said the big game would have driven significant new customer visitation to the resort in order to bet on it, stay in hotels, and to eat, drink and gamble in casinos.

Numerous Eagles fans interviewed last week said they would flock to Atlantic City to place legal bets on their heroes, if only they had the opportunity, including some who haven’t been to the seaside gambling resort in years.

Many gambling stakeholders cite market size figures that estimate the volume of betting that will occur if sports betting is legalized, said Brendan Bussmann, director of government affairs with Global Market Advisers, a Las Vegas casino consulting firm. Such estimates substantially overstate the size of the sports betting opportunity for casinos because only 5 to 7 percent of the amount bet is held by operators as revenue, he said.

”This low level of hold, combined with low profit margins, make the industry relatively delicate,” he said. If prohibitively high tax rates are imposed by states http://www.raidersfootballauthentics.com/trayvon-mullen-jersey-authentic , ”a market will not be able to attract operators, as there will be little to no money to be made.”

He cited the 34 percent tax rate (plus an additional 2 percent local cut) set by Pennsylvania on sports betting revenue as an example, saying ”34 percent of zero is still zero if no one enters the market.”

Global Market predicts that, with sports betting legal across the country, New Jersey would rank third by 2023 in terms of sports betting revenue with a minimum of $237.8 million. That would trail California at $295 million, and Nevada at $283.3 million. Those are low-end estimates, with high-end estimates reaching over $1 billion in California, $354 million in Nevada and $297 million in New Jersey.

But Moody’s also expects sports betting to help brick-and-mortar casinos earn money from renting rooms and selling food and drinks to customers – things Atlantic City casino officials are already anticipating doing.

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Follow Wayne Parry at Shortly after franchise quarterback Carson Wentz left the field with a torn ACL, Malcolm Jenkins gathered his teammates following a comeback win that clinched a division title. He gave an emotional speech, imploring them to believe they can win the Super Bowl without the guy who got them to that point.

The Philadelphia Eagles are two wins away from their goal. First up is the NFC championship game Sunday against the Minnesota Vikings.

”Carson being out of this, that sucks,” Jenkins told the team in the locker room after a 43-35 win at the Los Angeles Rams on Dec. 10. ”But dig this, we set this up for whoever (is) in this room, that’s who we ride with, man. We said, `we all we got, we all we need.’ Believe that…. We got bigger goals … championships and that’s it.”

Wentz is the franchise quarterback and a leader by example. Jenkins Maxx Crosby Jersey , the two-time Pro Bowl safety, is the in-your-face leader. He’s the first one to address the group after coach Doug Pederson gives his post-game speech.

”He’s embraced it and guys look forward to it,” Pederson said. ”He’s got a lot of profound messages. He speaks from the heart and he speaks truth. So that’s been a positive.”

Jenkins says he always has a purpose when he speaks.

”I kind of try to analyze the situation of where we are as a team, do a little bit of reflection, but make sure that it’s not just an emotional response to keep everybody in perspective,” he said. ”A lot of times I’m talking to myself to be most honest.”

As the underdog Eagles (14-3) prepare to host the Vikings (14-3), Jenkins reflected on his inspirational message following Wentz’s injury.

”Knowing that the media was getting ready to come in right after and those seeds of doubt, words of doubt were getting ready to come, I wanted to make sure there was a message of confidence and perspective before they had to actually address the media,” Jenkins said. ”Obviously, we all hurt for Carson. It’s a huge blow to the team, but in no way does it change our goals. No way does it change our demeanor. Nothing’s changed, and that was kind of the message.”

Wentz’s injury was the latest and biggest blow for a team seeking its first NFL title since 1960. The Eagles lost nine-time Pro Bowl left tackle Jason Peters, versatile running back/return specialist Darren Sproles, playmaking linebacker Jordan Hicks, and special-teams captain Chris Maragos to season-ending injuries.

”We always focused on the guys we had in the huddle,” Jenkins said. ”Losing the amount of guys that we’ve lost and facing a lot of the adversity that we have http://www.raidersfootballauthentics.com/isaiah-johnson-jersey-authentic , to have that mentality that we are sufficient, that the guys we have in this room can get it done, no matter what’s in front of us, has kind of been the story line of this team. Obviously I think everybody has kind of embraced that mentality.”

Jenkins spent his first five seasons with the New Orleans Saints and won a Super Bowl his rookie year. He joined the Eagles in free agency four years ago and has started every game, developing into one of the league’s best players at his position.

”Malcolm is always in the right place as a safety,” former NFL quarterback Dan Orlovsky told The Associated Press. ”He just takes a level of confidence away from you because you can’t manipulate him, you can’t get him to do what you want him to do.”

Jenkins is not only a team leader, but has earned the respect of his peers. He’s very active in the community and established The Players’ Coalition to help advance players’ activism efforts. Jenkins led a meeting that included NFL Commissioner Roger Goodell and teammates with police, policy leaders and public defenders in Philadelphia to discuss criminal justice reform.

”I think that we can play a major role in changing the narrative from this argumentative, combative narrative to one of solutions, one that is aimed at bringing people together, because that’s what unique about this game,” Jenkins said.

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