Betting Odds On Government Shutdown

Betting Odds On Government Shutdown 5,9/10 6352 votes

“Borderline, feels like I’m going to lose my mind …’

Betting Odds On Government Shutdown Date

The odds of a second government shutdown at the start of 2019 are looking rather slim, according to reports. Last week, some sportsbooks briefly posted betting odds on whether the federal government would shut down by the deadline at midnight on Friday, Feb. Either there are no odds open to bet on, or the sport is not in season at this time. You can check back soon or bet on any of the online sportsbook lines and betting odds listed below. Legally licensed by the Government & Laws of Curacao in the Netherlands Antilles. For all the latest odds and betting tips on US politics, including regular election updates and analysis from Paul Krishnamurty. General Election 2017 Constituency Guide. The odds of a federal-government shutdown this fall climbed significantly in the past week, according to a top expert on the federal budget. And technology stock bull, Wood is now betting. US politics betting for all American markets. Get 2020 Election odds, including Democrat and Republican candidates, plus midterm specials and much more.

Thank you, Madonna, for the theme song of the current partial U.S. government shutdown and the border security fight.

It doesn’t matter which side of the U.S. border wall/fence debate you are on, feelings are strong. And for the sake of this article, we’re staying on the fence.

However, we are going to detail a few prop bets regarding the shutdown and how we think it will shake out.

As we type, things are pretty much at a standstill in Washington, D.C., with no votes planned on bills providing funding to reopen U.S. government agencies or $5.7 billion for the wall President Trump wants to build on the U.S. southern border.

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The president went to the Capitol for lunch with GOP leaders on Wednesday. In our “West Wing’ fantasy, he would have hopped out of the car and walked to Sen. Mitch McConnell’s office. Alas, that did not happen. A meeting later in the day with Congressional readers ended badly and with no agreement.

Betting Odds On Government Shutdown End

On Friday night, the U.S. government official crossed the line of longest shutdown on record. No confetti was thrown.

Nearly 800,000 federal workers have been affected, including FBI and IRS agents, the Coast Guard, TSA agents and park rangers. Those workers employees, some who live paycheck to paycheck, will not be paid on Friday. If the federal government remains closed, more Americans may feel the squeeze as subsidies for housing and food stamps will not be distributed. Food inspections already have been suspended.

In an Oval Office address airing live on Tuesday night, President Trump made his case for wall funding. In scripted remarks, the president declared “a growing humanitarian and security crisis’ at the U.S. southern border, blaming congressional Democrats for the partial government shutdown.

“This is a humanitarian crisis – a crisis of the heart and a crisis of the soul,’ Trump said in his 9-minute address from the White House. “Democrats in Congress have refused to acknowledge the crisis, and they have refused to provide our brave border agents with the tools they desperately need to protect our families and our nation.’

He has yet to declare a “national emergency,’ which could prompt access to Pentagon funds, earmarked but not spent on federal contracts, that could be used to build the wall. The president says he believes there is still a deal to be made with Congress.

U.S. Congressional leaders, Senate Minority Leader Chuck Schumer (D-NY) and House Speaker Nancy Pelosi (D-CA) jointly delivered the Democrats’ response, which prompted a meme avalanche on Twitter that noted similarities from “American Gothic’ to a parental scolding.

“This president just used the backdrop of the Oval Office to manufacture a crisis, stoke fear and divert attention from the turmoil in his administration,’ Schumer said Wednesday night.

MyBookie is offering prop bets regarding the shutdown:

Betting Odds On Government Shutdown 2020

Will funding for the border wall be approved?

  • Yes: +150
  • No: -200

Our pick: No

Trump declares a national emergency for wall by Jan. 18?

  • Yes: -140
  • No: +100

Our pick: Yes

Michigan supporters of legalized sports betting should buckle up for this one because it could be a bumpy ride.

Betting Odds On Government Shutdowns

Lawmakers have reportedly pumped the brakes on Michigan sports betting for the moment while the Republican-controlled legislature and Democratic Gov. Gretchen Whitmer remain deadlocked over disagreements with the state’s budget.

If both sides fail to agree on a budget proposal by the end of the day on Monday, September 30—the deadline for the budget’s fiscal year—the state government will shut down in Lansing, MI on Tuesday, October 1.

The state budget director issued notices to Michigan’s 48,000 state employees this week informing them of all “non-essential” services that will come to a halt, effectively laying off roughly two-thirds of employees temporarily until the budget issue is resolved.

Approximately 30,000 employees for the state—such as those working for the lottery, state parks, and government offices—are expected to be without pay until the two sides come to an agreement on the $60 million budget for the 2019-2020 fiscal year, according to UpperMichigansSource.com.

Disagreements stem over funding for K-12 public education and universities, a new redistricting commission, the attorney general’s current salary, and policies to cut funding to sanctuary cities are among the key issues keeping Whitmer from signing the current budget proposal.

The governor has already dropped her required $500 million commitment for roads infrastructure as part of the negotiations, and both sides have reached an agreement on funding Michigan’s schools.

However, not much progress has been made on other issues, according to Michigan’s non-profit Bridge Magazine.

With all hands on deck to find a solution before the state enters its first shutdown in a decade, the sports betting bills that easily advanced to the House Ways And Means Committee on Tuesday will need to be put on hold.

Republican Rep. Brandt Iden—the bill sponsor of HB 4916 and chair of the Ways and Means committee—said once the budget issue is resolved, the governor will meet with him to begin negotiating the tax rate on Michigan’s licensed sportsbook operators.

Taxation has proven to be the major hangup preventing Iden’s sports betting bill from becoming law.

Iden’s current proposal would legalize in-person, online, and mobile wagering, and requires commercial casinos to pay an 11.25% tax rate on gross revenue from the sportsbook and tribal casinos would be subject to an 8% tax.

Betting Odds On Government Shutdown

However, Whitmer wants Michigan tax on sports betting profits to be closer to the 19% tax rate that the state’s 26 casinos currently pay on all gambling revenue. The governor has reportedly asked for a 15% tax rate and to have Iden’s proposed $200,000 licensing fee be raised to $1 million for the initial license.

Last week, Iden said he’s willing to make a deal with the governor and is open to raising the tax figure but does not want to raise taxes since it’ll make Michigan’s regulated sportsbooks unable to compete with other states that currently have and are looking to legalize sports betting.

Whether the Sports Betting Act will pass is unclear, and there are a number of conflicting reports at the time of writing.

Some declared the bill faces longshot odds of becoming law in 2019 because the governor doesn’t want to factor in the legalization of sports betting or online casinos into the budget while others say preventing a government shut is a top priority and this is only a minor speed bump until that issue is resolved.

Betting Odds On Government Shutdown Rules

Regardless of which is true, one thing is clear: All talks of legalizing sports betting in Michigan are currently parked until the governor and state legislators agree on a budget plan.

Shutdown

And Iden hopes a solution will come sooner rather than later.

Betting Odds On Government Shutdown Today

“Hopefully, we’ll revisit everything in October,” Iden said.

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