Online bettors see Kavanaugh as likely U.S. Supreme Court nominee

Reuters – A federal appeals court judge in Washington was the early favorite among political bettors to succeed U.S. Supreme Court Justice Anthony Kennedy, who announced his retirement on Wednesday.

Brett Kavanaugh, a judge since 2006 on the U.S. Court of Appeals for the District of Columbia, was seen as having a 34 percent chance of being tapped by President Donald Trump to fill the Kennedy vacancy, according to PredictIt, a popular online market for betting on political events.

That was more than twice the chance assigned to the next jurist seen in contention for the job, Thomas Hardiman, an appellate judge for the Third Circuit in Pennsylvania. PredictIt gave Hardiman a 16 percent chance of being appointed.

A third top contender was Amy Coney Barrett, a federal appeals court judge in Indiana, situs judi online who was assigned an 11 percent probability of appointment, according to PredictIt.

After months of sparse activity in PredictIt’s “Who will be Trump’s next Supreme Court nominee?” contracts, trading was brisk following Kennedy’s retirement announcement.

The Kavanaugh contract was busiest, with volume of around 6,500 on Wednesday afternoon, followed by Barrett with about 4,500 and Hardiman with 3,300.

Reporting by Dan Burns; Editing by Richard Chang

Indeed, the prospect of filling what were once slow weekends is the real hope among Atlantic City casino operators, rather than the potential tax revenue sports wagering would yield for the state or the city. Moody’s estimated that New Jersey’s casinos could win about $125 million annually on sports bets, less than 5 percent of what the seven remaining casinos won last year. They also earn revenue as the exclusive purveyors of online gambling in the state.

As soon as the Borgata started taking bets on sports, it had a billboard announcing the new gambling outside the Lincoln Tunnel in New Jersey. “We feel like the vibrancy this type of offering will create will extend beyond just the race and sports book and spill out onto the rest of the property,” said Marcus Glover, the president and chief operating officer of the Borgata.

Deifik, the owner of Ocean Resort, predicted that sports betting would keep more gamblers in the region. “Instead of getting on a plane and going five hours to Las Vegas from the East Coast and New Jersey, people will stay here,” he said.

The bigger uncertainty about Atlantic City is what the reopening of two big casinos will mean for the market. Will they attract a significant number of new customers to the city or simply cannibalize the weaker competitors?

Resorts made a profit of less than $3 million last year, compared with more than $80 million for the Borgata, according to the state Division of Gaming Enforcement. Bally’s, one of the three owned by Caesars, had a profit of about $8 million in 2017.

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