Lawmaker desires states to reject sports guess ‘integrity fee’

ATLANTIC city, N.J. AP – A accurate New Jersey lawmaker is urging all 50 states to reject so-known as “integrity fee” funds to professional sports leagues in any activities having a bet law they enact.

Democratic state Senate President Steve Sweeney pointed out Wednesday it is “extortion” for the leagues to demand funds in return for hosting honest video games after the U.S. Supreme court remaining week allowed states to legalize activities betting following a prison combat led by using New Jersey.

Sweeney launched a duplicate of a letter that he had despatched two days previous to governors and legislative leaders in each state detailing how New Jersey had spent years and $10 million in criminal fees fighting to overturn a federal law that had banned sports making a bet in all but 4 states.

major League Baseball noted in a statement that it will center of attention on “constructing meaningful partnerships” with state governments and having a bet operators. “we can employ our potential, rights and footprint to support the states which have knowing and contemporary activities betting legal guidelines boost the country’s most successful betting markets inside a regulatory framework that protects the integrity of our games, which is most paramount,” it said.

Representatives of the country wide Basketball association, the country wide Hockey League and the country wide soccer league didn’t instantly acknowledge to requests for remark Wednesday.

The leagues are trying to find payments from states or activities betting providers to aid pay for the charge of creating certain their games remain free from dishonest. Many states vehemently oppose this demand, although some have shown willingness to negotiate.

“nearly, the leagues are asking to be paid to allow games to be performed pretty,” Sweeney wrote. “satirically, they’re calling this extortion attempt an ‘integrity payment,’ even while entirely conscious that featuring members a stake within the volume of betting would amount to what could greater accurately be known as an ‘anti-integrity price.’

“And their demand begs the query of what they’d now start doing to maintain the integrity of their games that they haven’t been doing for years,” Sweeney delivered.

The NFL needs Congress to move federal legislation regulating sports having a bet, which may include a determination on even if the leagues may still get such funds.

Sweeney mentioned that neither Nevada, the place sports betting has been achieved for years, nor every other state has ever paid the leagues an integrity charge. Having spent tens of millions to overturn the legislation, Sweeney noted, New Jersey will now not put itself at an obstacle “by means of being the most effective state to pay the League extortion.”

Sweeney released his letter on the same day that European bookmaker Paddy PowerBetfair merged with U.S. each day delusion sports company FanDuel, a merger made with the U.S. sports betting market in mind.

Peter Jackson, CEO of Paddy PowerBetfair, observed the deal positions the new company to do smartly within the nascent market situs judi bola in the united states.

“This combination creates the business’s biggest on-line enterprise in the U.S., with a large sports-concentrated client outrageous and an intensive nationwide footprint,” he observed.

___

comply with Wayne Parry at

2018 The Washington instances, LLC.

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DraftKings reduces deal with Atlantic metropolis on line casino for activities having a bet

one of the nation’s biggest daily fable sports companies is teaming up with an Atlantic city on line casino in the newest deal in quest of to capitalize on the emerging prison activities betting market.

DraftKings and lodges casino tell The linked Press that they will sign a deal Friday morning to present sports betting in New Jersey.

The pairing highlights the scramble amongst playing, bookmaking and know-how groups to position themselves to profit a big share of the nascent activities betting market now that the U.S. Supreme court docket has cleared the style for it.

The excessive court previous this month allowed particular person states to legalize activities betting, stunning down a legislation that had confined it to only four states.

Ocean motel casino to offer activities betting when it opens in Atlantic metropolis

,everybody is aware of there’s a large chance available,” mentioned Jason Robins, CEO of DraftKings. “it’s a new component, so individuals are trying to peer how they need to go about it, who they are looking to companion with. each time you could have received a big market about to be created, there’s so a lot possibility out there that every person should advantage, so long as you do it the right approach.”

Morris Bailey, the proprietor of hotels, welcomed the brand new profits move and known as DraftKings,a dynamic brand.”

,The market is large,” he talked about. “it’s how an awful lot of that market we’ll be in a position to get.”

Bailey also strongly opposes the so-called.”integrity fee” funds that the knowledgeable sports leagues are searching for to help them police having a bet on the games. The leagues all adversarial activities making a bet and fought New Jersey within the courtroom case that the state ultimately received.

.”it be completely horrible,” Bailey pointed out. “or not it’s the height of hypocrisy to choose the position they did.”

DraftKings plans internet-based and cell operations, and may present a lot of in-video game making a bet alternatives in addition to situs judi online more common bets on the result of games.

Robins mentioned his company is premier located to be successful in the new market and is.”able to go” as quickly because it receives the green easy from New Jersey regulators. A bill to modify sports making a bet can be approved in early June.

.”we’ve a familiar company it really is very intently identified with winning funds on activities,” he talked about.

The deal follows one ultimate week in which European bookmaker Paddy power Betfair merged with U.S. every day myth activities issuer FanDuel. other making a bet and know-how companies paired up months in enhance of the Supreme court ruling, appropriately looking ahead to a good outcome.

Churchill Downs, the race track that runs the Kentucky Derby, reached offers with a tech company for its platform and the Golden Nugget casino in Atlantic city for its license in New Jersey. It purchased Presque Isle Downs & on line casino in Pennsylvania in March and owns two casinos in Mississippi, with plans to offer sports betting in all three states.

London-based bookmaker William Hill had threatened to make use of its inventory to derail a buyout between two online playing infrastructure organisations in Las Vegas. however it later agreed to aid the purchase of NYX Gaming through Scientific games. William Hill this week announced it is pairing with Atlantic metropolis’s Ocean resort on line casino to present activities having a bet at the property previously called Revel.

DraftKings, motels casino partner for sports making a bet in New Jersey

ATLANTIC city, N.J. — one of the most nation’s largest every day fantasy sports organizations is teaming up with an Atlantic city casino within the latest deal looking for to capitalize on the rising prison activities-having a bet market.

 

  • a new Jersey horse racing association filed a criminal motion against the four main professional sports leagues and the NCAA Thursday, claiming the leagues can charge one of the state’s racetracks greater than $a hundred thirty million in lost profits by way of blocking legal sports making a bet.
  • DraftKings and hotels on line casino instructed the associated Press that they signed a deal Friday to present activities making a bet in New Jersey.

    The pairing highlights the scramble among playing, bookmaking and technology agencies to place themselves to profit a big share of the nascent sports-making a bet market now that the Supreme court docket has cleared the style for it.

    The excessive court docket earlier this month allowed individual states to legalize sports betting, brilliant down a law that had restrained it to handiest four states.

    .”everybody is aware of there’s a large possibility accessible,” mentioned Jason Robins, CEO of DraftKings. “or not it’s a brand new thing, so individuals are trying to see how they need to go about it, who they want to companion with. each time you might have acquired a big market about to be created, there is so a good deal possibility out there that all and sundry should still advantage, as long as you do it the right manner.”

    Morris Bailey, the proprietor of inns, welcomed the new salary movement and known as DraftKings,a dynamic brand.”

    .”The market is big,” he talked about. “or not it’s how a lot of that market we’ll be in a position to get.”

    Bailey strongly opposes the so-referred to as integrity-charge payments that skilled activities leagues are seeking, to assist them police making a bet on the games. The leagues all hostile sports betting and fought New Jersey in the courtroom case that the state ultimately won.

    ,or not it’s totally irascible,” Bailey talked about. “or not it’s the height of hypocrisy to steal the place they did.”

    resorts casino is partnering with DraftKings to present activities making a bet following the Supreme courtroom decision that cleared the manner for it. AP pictureWayne Parry

    DraftKings plans internet-primarily based and cellular operations and may offer a lot of in-online game having a bet alternatives in addition to greater common bets on the outcome of video games.

    Robins referred to his company is finest positioned to be triumphant within the new market and is,ready to go” as situs judi bola quickly because it receives the green gentle from New Jersey regulators. A invoice to adjust activities making a bet can be authorized in early June.

    ,we have a familiar company it really is very closely identified with winning cash on sports,” he spoke of.

    The deal follows one ultimate week during which European bookmaker Paddy vigour Betfair merged with U.S. every day myth sports provider FanDuel. different betting and expertise corporations paired up months in enhance of the Supreme courtroom ruling, correctly expecting a good outcomes.

    Churchill Downs, the racetrack that runs the Kentucky Derby, reached deals with a tech business for its platform and the Golden Nugget casino in Atlantic metropolis for its license in New Jersey. It purchased Presque Isle Downs & casino in Pennsylvania in March and owns two casinos in Mississippi, with plans to present sports betting in all three states.

    London-based bookmaker William Hill had threatened to make use of its inventory to derail a buyout between two on-line gambling infrastructure organisations in Las Vegas. nonetheless it later agreed to guide the purchase of NYX Gaming through Scientific games. William Hill this week announced it’s pairing with Atlantic city’s Ocean lodge casino to present sports having a bet on the property formerly referred to as Revel.

 

Dessie Fox: Two released after being puzzled about bookmaker’s 1990 homicide

Two guys who had been arrested in connection with the murder of a bookmaker greater than 27 years in the past have been released at no cost.

Dessie Fox was shot dead on September 30 1990 after his white 250D Mercedes become intercepted with the aid of armed guys on his solution to a race meeting.

The forty seven-yr-historical turned into stopped by using the community at Healy’s Bridge, prosperous, Co Kildare, after environment off from his domestic in Dungannon, Co Tyrone.

He changed into on his method to the race at the Curragh in Kildare and became suggested dead on the scene after suffering a gunshot wound.

The men stole a briefcase containing a big volume of cash and other objects together with a cell and automobile keys.

Gardaí spoke of two men, aged 50 and sixty one, who were arrested on Tuesday might also 29 all through an operation involving officers from the Kildare division and individuals of the countrywide Bureau of criminal Investigation were launched at no cost and a file can be prepared for the Director of Public Prosecutions.

Gardaí have asked any person with further tips to return forward.

Matthew Lloyd | | images

A smartphone with the Betfair app is held in front of the Paddy vigour web page in this organized graphic.

Paddy power Betfair has agreed to merge its U.S. enterprise with myth activities business FanDuel to target situs judi online the U.S. sports having a bet market that is determined to begin up within the coming years, the Irish bookmaker observed on Wednesday.

under the agreement, Paddy power Betfair will contribute its present U.S. belongings worth $612 million together with $158 million of cash to assume a 61 p.c stake in the mixed company, with latest FanDuel traders possessing 39 percent.

Paddy vigor Betfair can raise its ownership to 80 p.c after three years and 100% after 5 years by way of name and put options at the prevailing market valuations, it introduced.

The Dublin-primarily based business may have operational control of the business, which will develop into a completely consolidated subsidiary. The deal is expected to shut within the third quarter of the 12 months, it stated.

.”This mixture creates the industry’s greatest online enterprise in the U.S., with a large sports-concentrated client wicked and an intensive nationwide footprint,” Paddy power Betfair Chief govt Peter Jackson observed in a statement.

Detectives from the Met’s Flying Squad have charged two men with twenty business robberies.

Cameron Weston, 29 14.05.1989 of Balfern road, SW11 and Nathan Ugbaja, 29 02.05.1989 of Gypsy Hill, SE19 have been arrested on Friday, 25 may also.

They had been charged on Saturday, 26 may additionally. All however one of the robberies relate to bookmaker robberies and took place in Battersea, Croydon and Bromley.

both guys have been saved in custody to seem at Wimbledon Magistrates’ courtroom on Monday, 28 may additionally.

Weston become remanded in custody and Ugbaja become remanded on bail; both to seem at Kingston Crown court on Friday, 22 June.

Two arrested over fatal taking pictures of bookmaker in 1990

Two guys have been arrested in connection with the homicide of a bookmaker greater than 27 years ago.

Dessie Fox become shot useless on September 30 1990 after his white 250D Mercedes became intercepted by way of armed guys on his way to a race assembly.

The forty seven-12 months-historical was stopped via the neighborhood at Healy’s Bridge, affluent, Co Kildare, after atmosphere off from his domestic in Dungannon in Northern eire.

He changed into on his technique to the race on the Curragh in Kildare and was stated dead on the scene after suffering a gunshot wound.

Mr Fox had been on his way to a race on the Curragh Niall Carson

The men stole a briefcase containing a big volume of cash and other objects together with a cellular phone and car keys.

Gardai have said two men, aged 50 and 61, had been arrested in Dublin on Tuesday morning during an operation involving officers from the Kildare division and members of the countrywide Bureau of criminal Investigation.

they have got been detained beneath area 30 of the Offences towards the State Act, 1939, at Naas and Leixlip Garda stations, the drive delivered.

Gardai have requested any one with additional assistance to come back forward.

A former race members of the family adviser to the police is to be tried for a racially aggravated public order offence.

Judah Adunbi seemed at Bristol magistrates courtroom on Tuesday, the place he denied two counts of deliberately inflicting distress to Luke Littlechild, one count of which became racially or religiously aggravated, throughout an alleged incident at a William Hill bookmaker on Stapleton highway, Bristol, on 29 March.

Adunbi, of Easton, Bristol, was released on conditional bail until his trial on 18 July on the same courtroom.

The district decide, Lynne Matthews, informed Adunbi: “Between now and the trial date you must not go to William Hill poker online bookmakers on Stapleton road or contact trial witnesses. if you breach these conditions the police can arrest you and also you may be introduced again to court docket and held in custody.”

Adunbi spoke back: “i will be able to say to you that I should not making any degree of contact in any way.”

Adunbi, also referred to as Ras, is a former adviser to Avon and Somerset police.

Reuters – here is a listing of bookmaker William Hill’s odds ahead of the French start:

guys’s winner: 25 Nadal, eight1 Alexander Zverev, 101 Dominic Thiem, 101 Novak Djokovic, 401 David Goffin, 401 Juan Martin del Potro, 401 Kei Nishikori, forty1 Marin Cilic, 501 Stan Wawrinka, 501 Grigor Dimitrov, sixty six1 Nick Kyrgios, 661 Kyle Edmund.

girls’s winner: 61 Simona Halep, 61 Elina Svitolina, 111 Maria Sharapova, 121 Serena Williams, 141 Garbine Muguruza, 141 Jelena Ostapenko, 141 Petra Kvitova, 161 Karolina Pliskova, 201 Daria Kastkina, 201 Kiki Bertens, 251 Caroline Wozniacki, 251 Caroline Garcia, 281 Angelique Kerber, 401 Victoria Azarenka, sixty six1 Johanna Konta, 801 Venus Williams.

Maine’s largest ever illegal bookmaker police officers a plea

A Maine bookmaker has admitted his involvement in an unlawful having a bet operation that native authorities claim turned into the biggest in state historical past.

This week, the united states legal professional’s workplace for the District of Maine announced that Stephen Mardigan had pleaded responsible to fees of running an illegal playing company, funds laundering and submitting a false profits tax return. Mardigan is doubtlessly a 20-12 months sentence on the cash laundering can charge by myself.

The sixty one-12 months-old Mardigan became arrested in April 2017 however he’d been making ebook out of his Portland domestic seeing that 2003, all over which period he handled tens of millions of dollars in wagers and laundered at the least $4.5m through his used-automobile company. Mardigan used the proceeds to amass a true property portfolio of some 30 native residences, from which he derived an annual $1m in employ.

Mardigan used his automobile enterprise to manner funds from gamblers, including an extra motor vehicle dealer who misplaced a complete of $2m to Mardigan’s booklet over a six-year duration. yet another customer in Florida deposited $1.4m through Mardigan’s Avenue Auto businesss over the same span.

Police subsequently used the paper trail of these vehicle funds to deliver Mardigan down. Over an eight-12 months length, Mardigan’s vehicle business pronounced best fifty seven income, yet he’d deposited more than $11.3m into Avenue Auto’s bank bills, a discrepancy that wasn’t mirrored within the enterprise’s tax filings.

The Federal Bureau of Investigation has telephone recordings of Mardigan talking to his lady friend Patricia Nixon by which poker online she helps him compute the chances for various parlay wagers. Yet Nixon has yet to be charged in the case, nor have any of the different individuals who seem in the proof in opposition t Mardigan.

The fresh change in US legislations that introduced wagering into legally neighbourly territory would appear to spell doom for nook bookies like Mardigan. in any case, why would a person run the risk of not receiving your winnings in case you can bet with any variety of prison options accessible on your state?

WNYC information notion tons the equal, so it queried some big apple bookies involving their allegedly grim future. but as a minimum one bookie insisted that it will be company as normal for a couple of reasons, including the fact that loads of bettors gained’t be attracted to the crap odds provided with the aid of legal entities because of high taxation imposed with the aid of the state.

And one former bookie sagely stated that bettors “can’t stroll into a making a bet workplace and say, ‘I need to bet a thousand greenbacks,’ and don’t have any funds. however you can decide upon a phone and phone the bookmaker and bet a thousand bucks, no issue.”

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Atlanta Braves zoom into excellent 10 for 2018 World sequence odds

on the conclusion of April, the Atlanta Braves have been 16-11 and, given modest preseason expectations, it turned into a really promising commence for Brian Snitker’s group. nonetheless, it become fairly early within the calendar to be getting too excited a few run to the playoffs and, because of this, off-shore bookmaker Bovada put in the Braves as 70-1 lengthy shots to claim World series glory.

quickly-forward one month, though, and the Braves are actually 20-1.

The respectable individuals at Bovada supplied an up-to-date checklist of 2018 World series odds on Friday and, as of June 1, the Braves now have the 10th-choicest odds to purchase the title. teams just like the Astros, Yankees and red Sox are no-doubt inclusions at the precise of the listing however handiest nine teams are considered as more prone to take than Atlanta, with a number of prior to now appreciated golf equipment landing at the back of the Braves within the pecking order.

it is going to be cited that as a minimum some of this stems from Atlanta’s big fan improper and, by way of proxy, expanded having a bet attention when compared to a “usual” membership. nonetheless, the crew’s playoff odds from a statistical projection standpoint have also skyrocketed and, with every passing day, the Braves appear more and more reliable as a playoff-degree squad.

here is the whole listing of current odds, per Bovada:

Houston Astros 92

ny Yankees 51

Boston purple Sox 132

Washington Nationals 172

Milwaukee Brewers 111

Cleveland Indians 121

Chicago Cubs 151

los angeles Dodgers 161

Arizona Diamondbacks 181

Atlanta Braves 201

Colorado Rockies 221

los angeles Angels 251

St. Louis Cardinals 251

Philadelphia Phillies 261

Seattle Mariners 281

San Francisco Giants 331

ny Mets 351

Pittsburgh Pirates forty five1

Minnesota Twins 661

Toronto Blue Jays 701

Oakland Athletics eighty five1

A Maine bookmaker has admitted his involvement in an unlawful having a bet operation that native authorities daftar poker claim turned into the biggest in state historical past.

This week, the united states legal professional’s workplace for the District of Maine announced that Stephen Mardigan had pleaded responsible to fees of running an illegal playing company, funds laundering and submitting a false profits tax return. Mardigan is doubtlessly a 20-12 months sentence on the cash laundering can charge by myself.

The sixty one-12 months-old Mardigan became arrested in April 2017 however he’d been making ebook out of his Portland domestic seeing that 2003, all over which period he handled tens of millions of dollars in wagers and laundered at the least $4.5m through his used-automobile company. Mardigan used the proceeds to amass a true property portfolio of some 30 native residences, from which he derived an annual $1m in employ.

Pair launched in bookmaker homicide probe

Two guys arrested in connection with the murder of a bookmaker more than 27 years in the past have been released at no cost.

Dessie Fox changed into shot dead in his motor vehicle on September 30 1990 after his white Mercedes 250D turned into intercepted by using armed guys as he changed into on his way to a race meeting in Curragh, Co Kildare.

The 47-yr-ancient turned into stopped by way of the group at Healy’s Bridge, affluent, Kildare, after setting off from his home in Dungannon in Northern eire.

Dessie Fox

He was stated lifeless at the scene after struggling a gunshot wound.

The men stole a briefcase containing a large quantity of money and different objects including a cellular phone and vehicle keys.

Gardai have said two men, aged 50 and 61, who were arrested in Dublin on Tuesday morning have now been released and a file should be organized for the Director of Public Prosecutions.

they’d been detained beneath area 30 of the Offences towards the State Act, 1939.

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U.S. states making a bet on activities wagering to get small earnings bump: Moody’s

FILE photograph – Horse Racing: 142nd Preakness Stakes Thomson Reuters with the aid of Hilary Russ

big apple Reuters – Most U.S. states will get only a minor income raise from legalized sports making a bet even beneath probably the most positive eventualities, Moody’s investors service stated on Friday.

several states are racing to modify and tax activities betting after the U.S. Supreme court docket on may additionally 14 situs judi bola overturned a 1992 legislation banning sports wagering apart from in a couple of places.

New Jersey introduced the case to the highest U.S. court docket after distinctive attempts to legalize the pastime have been challenged via activities leagues.

these states are eying the estimated $150 billion of illegal sports wagers yearly throughout the nation, an interesting new profits circulate mainly for areas hampered by means of years of slow financial increase.

but relative to their total budgets, the measurement of any income boost can be puny.

The 50 U.S. states may compile a combined $1.5 billion in taxes if they generally legalized sports bets, together with online wagers, and taxed on the 8 percent fee that New Jersey has proposed, Moody’s noted, in keeping with facts from an Oxford Economics record commissioned with the aid of the American Gaming affiliation.

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That $1.5 billion is lower than 0.2 % of states’ combined operating money for fiscal 2017, Moody’s referred to.

A handful of states – Mississippi, Pennsylvania, Rhode Island and West Virginia – are now ahead of the rest as a result of they all started preparing early for the court’s determination, Moody’s pointed out.

in addition, Delaware, which became certainly one of a small variety of states that allowed constrained activities making a bet earlier than the courtroom’s decision, now plans to roll out full-scale activities wagering on Tuesday.

sports making a bet turned into utterly legal best in Nevada before the ruling. quite a lot of states may additionally opt for no longer to put in force activities having a bet.

for brand spanking new Jersey, besides the fact that children, an extended-fought dream is coming authentic.

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A state legislative committee is expected to agree with a invoice on Monday that might charge an eight percent tax on spoiled sports wagering revenues at casinos and racetracks, and a 12.5 p.c levy on online activities bets.

on its own, sports having a bet would generate a.”minimal lift” in revenues for Atlantic city, the state’s fiscally stressed playing hub, in response to Moody’s.

,nonetheless it should support boost tourism and increase the city’s casino-dominated economic system,” Moody’s spoke of. “at the state stage, New Jersey will experience handiest a minor bump in tax profits from the criminal wagering relative to its price range.”

Reporting by using Hilary Russ; additional reporting by means of Laila Kearney; enhancing via Leslie Adler

The future of sports betting

CNN – When it comes to sports, making a bet has always been around.

In Nevada, or not it’s been prison but all over else within the U.S? no longer so lots.

that is all about to trade even though after a recent Supreme court resolution.

,this is the biggest new pot of revenue imaginable.”

Ted Leonsis is the owner of sports teams like the Washington Wizards and Washington Capitals and imagines what a Stanley Cup Finals video game could appear to be years down the highway.

.”may well be some thing to the effect of you are no longer betting on the hockey game, the playoff video game tonight, you’re betting on who’s gonna catch the primary duration, the 2d period, the third length,” Leonsis says.

Now the ruling from the Supreme court docket doesn’t mean sports making a bet is unexpectedly felony far and wide. as an alternative it simply opens the door for states to make a decision

.”Up unless this point, if the states tried to try this, they may be accused of really helping and abetting unlawful federal habits,” Randy Barnett, Professor of Constitutional law at Georgetown, says.

The CEO of MGM lodges foreign says.”we’re already working with regulators to deliver felony activities wagering in the states the place we operate.”

And all of the main seasoned activities leagues are commence to the arrival probabilities but emphasize a dedication to retaining the integrity of their respective video games.

The NCAA, the place specifically athletes are not paid, remains reviewing the entire implications however their chief felony office says,we are able to regulate activities wagering and championship guidelines to align with the path from the courtroom.”

Utah senator Orrin Hatch become probably the most 4 usual authors of the 1992 act struck down by the Supreme courtroom.

He says there has to be federal necessities in vicinity and that he plans to introduce law on the problem.

“anyone who wants to wager on activities can bet on activities now. The query is how handy is it going to be? and that i think for some states, whether they get a chunk of the motion,” Barnett says.

and a lot of of them are already capitalizing.

Delaware’s full-scale sports gaming operation is able to go.

individuals may be capable of guess on single video games for foremost seasoned activities including golf and auto racing.

different states like manhattan, West Virginia and Mississippi have already handed legal guidelines to allow casinos to grasp activities bets as soon as the federal legislation changed into struck down.

“here is simply a way to get deeper into that exploration of what it ability to be a fan. I consider we need to get it out of the notion of ‘it be gambling.’ it be less gambling than it’s buying a stock on wall road,” Leonsis says.

but any transition to that mindset goes to be a gradual one coming state through state and it be one that by situs judi online using as a minimum one estimate might bring in income measuring in the billions.

Omar Jimenez, CNN