COMING UP TONIGHT: WE HEAD BACK TO LEMOYNE COLLEGE TO MEET STUDENTS MANAGING A MILLION DOLLAR INVESTMENT FUND.

WE'LL OFFER NEW COMMON CENTS TIPS.

AND WE'LL SPOTLIGHT THE STATE'S MOBILE SPORTS BETTING CRAZE - THE REVENUE IS INCREDIBLE.

ON THE MONEY BEGINS RIGHT NOW.

GOOD EVENING AND WELCOME TO ON THE MONEY, WCNY'S NEW FINANCIAL AND ECONOMIC DEVELOPMENT PROGRAM THINK OF IT AS YOUR LOCAL FINANCIAL NEWS PROGRAM FEATURING SOME INTERESTING PEOPLE, BUSINESSES AND HAPPENINGS FROM EVERY CORNER OF CENTRAL NEW YORK.

I'M DANIEL PLUFF.

DURING OUR SEASON WE'LL SEE WHERE MONEY IS BEING MADE, SPENT AND LOST AND FOCUS ON PROJECTS AND ACTIVITIES AFFECTING US LOCALLY.

OUR FIRST REPORT TAKES TO OUR FIRST REPORT TAKES TO LEMOYNE COLLEGE.

THE DOLPHIN GREEN AND GOLD FUND IS AN INDEPENDENTLY OWNED AND OPERATED INVESTMENT FUND AT LE MOYNE COLLEGE.

TO DATE, IT HAS BECOME THE 46TH LARGEST STUDENT-MANAGED FUND IN AMERICA THE FUND GIVES STUDENTS THE OPPORTUNITY TO MANAGE A $1.2 MILLION PORTFOLIO.

THE GOAL OF THE FUND IS TO TEACH STUDENTS RESEARCH TECHNIQUES AND VALUATION CALCULATIONS ON POTENTIAL INVESTMENTS AND STRUCTURE PROFESSIONAL INVESTMENT REPORTS, WHICH THEY PRESENT TO THE BOARD OF MANAGERS.

WE MET WITH SOME STUDENTS TO LEARN JUST HOW THEY'RE MANAGING THE FUND AND WE WERE IMPRESSED.

>> ONE OF THE COOLER PLACES I THINK WE HAVE BEEN TO DO AN ON SITE ALL BLOOMBERG TERMINALS, CORRECT?

>> YES.

>> NOT CHEAP YOU TOLD ME, BY THE WAY.

>> I MAY BE TAKING ONE HOME IF THAT'S OKAY.

YOU HAVE A FEW OF THEM HERE.

>> I WANT TO POINT OUT, THERE IS MORE FIRE POWER IN THIS ROOM THAN YOU HAVE AT... >> I'LL TAKE THAT.

TELL ME, PROFESSOR, HOW DID THIS GET STARTED?

HOW DID WE GET TO THIS POINT WHERE STUDENTS ARE ACTUALLY RUNNING MONEY HERE?

>> WELL, IT STARTED WITH MIKE MADDEN, WHEN HE DONATED THE MONEY FOR THE MADDEN SCHOOL OF BUSINESS.

ONE OF HIS GOALS WAS TO ACTUALLY HAVE A STUDENT MANAGED FUND.

>> THIS IS NOT MONOPOLY MONEY.

THIS IS REAL MONEY.

>> REAL MONEY.

>> LOSSES, GAINS, REAL STUFF.

>> REAL STUFF WITH REAL INVESTORS.

>> IF FOR EXAMPLE, A GAIN IS REALIZED, MONEY IS MADE IN THE FUND, INVESTORS ARE BENEFITING FROM THAT.

>> ABSOLUTELY.

>> AND LOSSES.

>> THEY'RE SHARING IN THE LOSSES AS WELL.

THEY COMPLETELY UNDERSTAND THE GAME AND THEIR MAIN OBJECTIVE IS PROBABLY NOT SO MUCH TO MAKE MONEY, ALTHOUGH I'M SURE THEY WANT TO MAKE MONEY.

BUT THEIR MAIN OBJECTIVE IS TO PROVIDE A PLATFORM FOR THEIR STUDENTS TO LEARN ALL THE TOOLS AND SKILLS THAT ARE BEING HAD ON WALL STREET.

>> ALL INDIVIDUAL COMPANIES.

I SEE THEM CIRCULATING AROUND THE ROOM.

INDIVIDUAL COMPANIES, NOT INDEXES OR ANYTHING LIKE THAT?

>> IT'S ALL COMPANIES LIKE FACEBOOK, FOR EXAMPLE, AMAZON, ET CETERA.

>> TWO OF THE MAIN THINGS WE PROJECT, I WOULD SAY IS THE REVENUE GROWTH AND SO WE USE CRYSTAL BALL TO PROJECT IT BASED ON USUALLY... >> THAT'S A SERVICE.

>> YES, WHERE WE CAN SET A RANGE OF WHAT WE ARE LOOKING FOR, WHAT WE THINK IS POSSIBLE, LIKE HOW MUCH COULD THE REVENUE GROWTH DECREASE OR HOW MUCH COULD IT INCREASE.

>> WHAT IS ALL THIS?

THIS IS SCORES TELLING YOU SOMETHING?

>> AFTER WE RUN THIS ANALYSIS AND GET OUR NUMBERS, WE GO THROUGH AND FIND THAT THE INTRINSIC VALUE OF EQUITY IS SOMETHING LIKE THIS AND DIVIDE IT BY THE AMOUNT OF OUTSTANDING SHARES THEY HAVE IN THE MARKET.

>> SO THIS PARTICULAR COMPANY, AT THIS MOMENT IN TIME, YOU WOULDN'T RATE AS BEING A STRONG BUY BUT SOMETHING AS MAYBE A BUY OR HOLD POSITION.

DOES THAT MAKE SNENS.

>> WE WOULD SAY THIS IS FAIRLY VALUED.

BECAUSE IT FALLS RIGHT BETWEEN A BUY AND SELL.

>> I GET THAT.

>> AND THEN WE ESTIMATE.

>> TWO STUDENTS JOINED US TO TALK ABOUT MORE WHAT IS GOING ON AT THE TRADING CENTER AND THE MADDEN SCHOOL OF BUSINESS.

YOUR COLLEAGUE, MIRANDA MOMENTS AGO WAS TALKING ABOUT THE ANALYSIS THAT'S DONE ON BUYING A STOCK.

I WONDER, YOU KNOW, DO YOU SPEND AS MUCH TIME DETERMINING WHEN AND WHY TO SELL A STOCK?

HOW DO YOU KNOW WHEN TO GET OUT OF A POSITION DECLAN?

>> WE GENERALLY, WITH WE BUY A STOCK, WE LIKE TO HOLD IT FOR THE LONG-TERM.

>> THINGS DON'T ALWAYS TURN OUT SO WELL.

>> THAT'S TRUE.

THAT'S WHY WE HAVE IMPLEMENTED THE PORTFOLIO REVIEW PHASE OF THE FUND RECENTLY.

SO WE ARE GOING TO REANALYZE STOCKS AND IF WE THINK THAT THEIR VALUE IS FAR BELOW WHAT IT SHOULD BE, THEN WE MIGHT THINK THAT THAT MIGHT BE A SELL.

>> THE STUDENTS ARE DOING VERY IN-DEPTH ANALYSIS USING A WHOLE MENU OF ACCOUNTING AND FINANCIAL FIRMS.

>> HENCE THE BLOOMBERG TERMINALS.

>> WE HAVE BLOOMBERG, MORNING STAR, CAPITAL I.Q.

AND STOCK TRACKS AND SO THESE ARE ALL THE SAME TOOLS THAT THEY'RE USING ON WALL STREET AND ALL THESE TOOLS ARE USED IN THEIR ANALYSIS.

>> THE BASIC FINAL AND THEN OPTIMISTIC MODEL WHICH THEY CHOSE TO BUY OFF THE OPTIMISTIC MODEL.

>> IN YOUR OPINION, WHAT IS THE TOUGHEST PART OF THE JOB?

>> I THINK THE TOUGHEST PART FOR ME PERSONALLY HAS BEEN TRYING TO TAKE MY BIASES OUT OF BUYING STOCKS.

>> WHAT DO YOU MEAN-- GIVE ME AN EXAMPLE OF BIAS.

>> PICKING A STOCK.

BEING AN ATHLETE, I GO TOWARDS THE SPORTS SECTOR AND THE ATHLETIC PERFORMANCE.

BUT KIND OF TAKING MY OWN BIAS AND PREFERENCES OUT OF IT AND LOOKING AT THE GRANDER SCHEME OF THINGS, JUST TO KIND OF DIVERSIFY THAT PORTFOLIO AND JUST MANAGE IT BETTER.

>> DOES THIS FEEL YOU ARE BETTER PREPARED TO ENTER THE WORKFORCE.

>> 100%.

THIS EXPERIENCE HELPED ME A: GET INTO THE DOOR FOR AN INTERVIEW AND IN ALL OF MY INTERVIEWS, ANY OF THE HIGHER UPS, DIRECTORS, MANAGEMENT DIRECTORS, THEY WERE THE MOST INTERESTED IN ABOUT.

>> ARE YOU PROUD OF THE SFUNTS STUDENTS.

>> VERY PROUD.

WE WISH BOTH OF YOU SUCCESS AND THANK YOU FOR SITTING DOWN AND TALKING TO US ABOUT THE DOLPHIN FUND AND WE WISH YOU SUCCESS.

FUND AND WE WISH YOU SUCCESS.

>> COMMON SENSE NOW.

WE WEREN'T HAVING TO WORRY ABOUT INFLATION FOR A LONG TIME BUT NOW IT'S HEADLINE NEWS.

JOHN BUSS RETURNS FROM PINNACLE INVESTMENTS.

JOHN, FOLKS IN YOUR BUSINESS ARE CONCERNED ABOUT INFLATION BUT LATELY IT REALLY HAS BEEN A DRIVER, RIGHT?

WE HAVE PRICES GOING UP, COST OF LIVING INCREASE INCREASING, WHAT IS THE LATEST FROM YOUR PERSPECTIVE?

>> YOU ARE RIGHT.

INFLATION HAD BEEN SO LOW FOR SO LONG, INVESTORS BECAME COMPLACENT.

BUT GIVEN WHERE IT IS NOW, IT IS THE TOP OF MIND FOR EVERYONE, ESPECIALLY RETIREES.

SO THERE ARE STRATEGIES TO HELP PROTECT AGAINST INFLATION BUT OF COURSE IT'S IMPORTANT TO TAKE A LOOK AT YOUR OWN INDIVIDUAL SITUATION AND TAILOR A PLAN TO YOUR SPECIFIC NEEDS.

BUT FIRST AND FOREMOST, IF YOU HAVE TIME ON YOUR SIDE, INFLATIONARY PERIODS, YOUR PORTFOLIO NEEDS TO BE ASSET CLASSES WHICH HISTORICALLY PROVIDE HIGHER RATES OF RETURN.

EXPOSURE TO THE EQUITY MARKET.

MAY BE TEMPTING TO KEEP EXTRA CASH ON THE SIDELINES BUT INFLATION IS GOING TO ERODE THAT CASH.

WE ALL KNOW WHERE DEPOSIT RATES ARE, WHAT WE EARN ON THAT CASH CERTAINLY WILL NOT KEEP PACE WITH INFLATION, KEEP WHAT YOU NEED FOR AN EMERGENCY FUND AND REALLOCATE FROM THERE.

FOR THOSE IN RETIREMENT, WHILE YOU NEED INCOME, YOU NEED ASSETS FOR FUTURE RETIREMENT YEARS.

IMPORTANT TO STAY INVESTED FOR THE SAME REASONS WE JUST DISCUSSED AND OF COURSE BE PREPARED TO INFLATION IS HERE TO STAY AT LEAST IN THE SHORT-TERM SO HAVE YOUR FINANCIAL ADVISER MAKE APPROPRIATE ADJUSTMENTS FOR YOUR FINANCIAL PLAN BECAUSE DETAILED INVESTMENT PLAN TAILORED TO YOUR SPECIFIC SITUATION, HELP MAKE SURE YOUR PORTFOLIO KEEPS UP WITH RISING COSTS AND LASTS FOR RETIREMENT.

>> LATER TONIGHT I'LL HAVE SOME NUMBERS BACKING UP WHAT YOU ARE TALKING ABOUT AS WE SEE PRICES ACROSS THE BOARD GO HIGHER.

JOHN BUSS, APPRECIATE IT.

THANK YOU AGAIN FROM PINNACLE INVESTMENTS OUT OF EAST SYRACUSE.

>> THANKS, DAN.

>> NOW OUR TECH BYTES SEGMENT.

LOCAL TECHNOLOGIES BEING DEVELOPED HERE OR USED IN CENTRAL NEW YORK.

CENTRAL NEW YORK.

AND GROW NEW YORK, FUNDED BY EMPIRE STATE DEVELOPMENT IS A UNIQUE BUSINESS COMPETITION ON A MISSION TO BRING JOBS AND DOLLARS TO THE AGRIFOOD ECOSYSTEM IN OUR REGION.

THE COMPETITION ATTRACTS INNOVATIVE START-UPS FROM ACROSS THE GLOBE; FINALISTS PITCH THEIR IDEAS FOR A CHANCE TO WIN UP TO A MILLION DOLLARS.

WE CAUGHT UP WITH THE PROGRAM'S DIRECTOR AND A FINALIST IN THE COMPETITION WHO IS OUT TO ENSURE FOOD SAFETY FOR ALL.

GROW-NEW YORK IS A FOOD AND AGRICULTURE COMPETITION DESIGNED TO DRAW START-UPS INTO THE EXISTING AGRIFOOD ECOSYSTEM HERE IN UPSTATE NEW YORK.

WHAT WE DO DURING THE BUSINESS DEVELOPMENT PHASE FOR THE GROW NEW YORK FINALISTS, IS SPEND A GREAT DEAL OF TIME CONNECTING THEM TO RESOURCES THROUGHOUT THE GROW NEW YORK REGION.

ORGANIZATIONS LIKE THE TECH GARDEN, THE GENIUS NEW YORK COMPETITION, CENTERSTATE C.E.O.

AND VARIOUS I.D.A.s AND E.D.C.s IN CENTRAL NEW YORK ARE GIVEN THE OPPORTUNITIES TO MEET WITH THESE FINALISTS SO THEY CAN WORK TOGETHER TO ENSURE THAT THE START-UPS PUT DOWN ROOTS IN THE REGION.

GROW NEW YORK WAS FUNDED BY THE UPSTATE REVITALIZATION INITIATE INITIATIVE.

EACH REGION PUT FORWARD MONEY SO WE CAN AWARD $3 MILLION IN PRIZES ANNUALLY AND HOST A SUMMIT AND PROMOTE THE REGION, DEVELOP THE NETWORK WITHIN THE REGION AND GET GREAT APPLICANTS TO PARTICIPATE IN THE COMPETITION.

WE START OFF WITH A LARGE POOL OF APPLICATIONS AND WE WID WILL GET IT DOWN TO 20 FINALISTS IN ADDITION OF GOING THROUGH THE BUSINESS DEVELOPMENT PHASE GET PITCH SUPPORT AND THEY LIVE PITCH IN FRONT OF EXPERTS IN AGRICULTURE, AGRI-BUSINESS, INNOVATION, THEY'RE EVALUATED ON A NUMBER OF DIFFERENT CRITERIA INCLUDING ARE YOU IN THE FOOD AND AGRICULTURE SPACE AND AUTHENTICALLY INNOVATIVE?

WE ARE LOOKING FOR BUSINESSES THAT HAVE SUSTAINABILITY BUILT FLOO THEIR DNA AND THAT'S GOING TO BE GENERALLY SPEAKING BUSINESSES THAT ADDRESS SOLUTIONS IN A CLIMATE SMART WAY.

THEY'RE COMING OUT OF CORNELL WITH CORNELL I.P.

SO YOU ARE SEEING THE ENTIRE PIPELINE AT WORK.

WE ARE THRILLED AT THE UNEXPECTED DEVELOPMENT GETTING INTO A STRATEGIC PARTNERSHIP.

>> WE ARE DEVELOPING THE NEXT GENERATION OF ANTIMICROBIAL PRODUCTS TO PROVIDE LONG-TERM PROTECTION.

OUR GOAL IS TO CREATE SURFACES THAT WILL KILL PATHOGENS AT ALL TIMES, 24/7.

WE HAVE DEVELOPED THE FIRST PRODUCT.

FOUND A STRATEGIC PARTNER TO SELL OUR FIRST FILM TO THE PROFESSIONAL MARKETS HEALTHCARE, FOOD AS WELL AS INSTITUTIONS.

GROW NEW YORK COMPETITION WAS IMPORTANT FOR TWO REASONS ONE IS THE RECOGNITION AND THE OTHER IS THE MONEY.

IT GOT US TO A POINT WHERE WE COULD ESTABLISH A PARTNERSHIP AND GET RECOGNITION WITH A LARGER STRATEGIC PARTNER.

THERE IS AN EMPHASIS AND PUSH WITHIN THE CORNELL COMMUNITY FOR ENTREPRENEURSHIP.

THE REASON START-UPS FAIL IS THEY RUN OUT OF MONEY.

THAT'S IT.

MONEY IS HARD TO GET.

THE MORE SUPPORT YOU CAN GET IN YOUR LOCAL ENVIRONMENT, THE BETTER OFF WE ALL ARE.

>> WE KNOW THAT DISPROPORTIONATELY, START-UPS CONTRIBUTE NEW JOBS TO THE ECONOMY.

ATTRACTING NEW START-UPS START-UPS INTO OUR RICH TRADITION OF FOOD PROCESSING AND RETAIL, THAT IT IS A SURE BET FOR RISING THE TIDE FOR EVERYONE.

EVERYONE.

>> EARLIER JOHN BUSS WAS TALKING ABOUT INFLATION AND WAYS TO HEDGE THAT.

WHY BE CONCERNED ONE WONDERS?

WE WANTED TO LOOK AT NUMBERS ON OUR NUMBERS BOARD AND IF YOU LOOK AT THE COST OF LIVING, WHICH IS TO SAY INFLATION, SINCE 1914, NUMBERS HAVE BEEN KEPT ON THIS AND THE AVERAGE INFLATION RATE FOR THE UNITED STATES HAS BEEN AROUND 3.25%.

NOT TERRIBLE, BUT IRONICALLY FOR THE LAST 10 YEARS IT HAS BEEN EVEN LOWER.

VERY LITTLE INFLATION RELATIVELY SPEAKING AT 2.86 PERFECTS.-- 2.86%.

EVEN AT THE 3% LEVEL, THE COST OF LIVING IS DOUBLING IN ABOUT 20 YEARS.

HERE'S WHERE IT GETS WORSE.

THE LATEST INFLATION NUMBERS FROM THE GOVERNMENT?

7.9%.

THAT'S THE HIGHEST RATE SINCE JANUARY 1982.

WHERE IS IT COMING FROM?

FOOD PRICES ARE UP ALMOST 8%.

GAS, DO I NEED TO TELL YOU UP 38% AND NEW VEHICLES, THEY HAVE INCREASED BY ALMOST 12.5% AND IT'S EVEN WORSE FOR USED CARS.

THAT'S THE SOURCE OF SOME OF THE INFLATION AND THOSE ARE THE NUMBERS FROM TONIGHT AS ALWAYS, WE FINISH TONIGHT WITH OUR SPOTLIGHT SERIES WHERE WE MEET SOME INTERESTING PEOPLE OR HIGHLIGHT SOME SPECIAL HAPPENINGS IN THE AREA NOW IT'S TIME TO PLACE YOUR BETS.

AFTER A SERIES OF NEGOTIATIONS, NEW YORK STATE RECENTLY APPROVED ONLINE SPORTS BETTING, ALLOWING SPORTS FANS TO PLACE A VARIETY OF SPORTS RELATED BETS VIRTUALLY ANYWHERE IN THE STATE.

THE GOAL, NOT SURPRISINGLY, WAS TO RAISE ADDITIONAL REVENUE FOR THE STATE, WHICH SEEMS TO HAVE AN ENDLESS NEED.

BUT EVEN THE MOST OPTIMISTIC PROJECTIONS FELL SHORT OF THE ACTUAL DOLLARS GENERATED DURING JUST THE FIRST FEW MONTHS OF BETTING.

AND WHILE IT HAS ITS CRITICS.

ONLINE SPORTS BETTING APPEARS TO BE HERE TO STAY WITH LITERALLY BILLIONS OF DOLLARS IN PLAY.

WE BET MEET WITH PROFESSOR JOHN WOLOHAN FROM THE FALK COLLEGE SPORTS AND HUMAN DYNAMICS AND STEVE MAUL ERR, DIRECTOR OF TURNING.

TO GET THE POTENTIAL OF THE STATE'S NEW PROGRAM.

>> THE PROFESSIONAL LEAGUES FOUGHT SPORTS GAMING ALL THE WAY UP TO THE SUPREME COURT IN 2028 AND IT COULD HAVE BEEN-- 2018.

THEY WERE SLOW COMING OUT OF THE GATE.

>> NEW JERSEY HAS GENERATED OVER $25 BILLION IN SPORTS GAMING.

THEIR TAX REVENUE HAS BEEN OVER $214 MILLION.

AND I THINK WHY NEW YORK WENT MOBILE IS WE'VE LOOKED AT THE REVENUE THEY WERE GENERATING AND SAID WAIT A SECOND.

THAT'S A LOT OF TAX REVENUE THAT WE ARE LOSING.

>> AND IT JUST SEEMED COINCIDENTAL THAT THINGS SEEMED TO HAPPEN JUST PRIOR TO SUPER BOWL, WHICH IS A BIG BETTING SEASON, I PREDICT.

>> CORRECT.

THEY WANTED IT ON THE BOOKS FOR THE SUPER BOWL.

THEY WANT IT ON THE BOOKS FOR THE FINAL FOUR.

THOSE ARE THE TWO BIG SPORTING EVENTS FOR SPORTS BETTING.

THE SUPER BOWL IS THE SINGLE MOST BET ON EVENT IN THE UNITED STATES.

>> GOT TO BE.

>> WHILE THE NCAA FINAL FOUR, THE MONTH LONG EVENT, GENERATES MORE REVENUE THAN ANY OTHER EVENT.

>> WE ARE IN THE HEART OF THE SPORTS BET AGO REFUGEE A. I LOVE THE BIG SCREENS.

RECENTLY, AS YOU KNOW, ONLINE BETTING WAS APPROVED IN THE STATE OF NEW YORK AND ONE WONDERS, YOU KNOW, HOW BIG OF A DEAL WAS THAT TO YELLOW BRICK ROAD, TURNING STONE, THE WHOLE ONEIDA NATION.

>> A HUGE OPPORTUNITY FOR THE INDUSTRY AND CERTAINLY FOR US BECAUSE AS IT MAKES IT SO MUCH EASIER TO ENGAGE WITH SPORTS BETTING, YOU JUST MULTIPLY THE NUMBER OF PEOPLE INVOLVED.

AND SO ALL OF A SUDDEN IT GOES FROM WHO HAS THE ABILITY AND TIME TO DRIVE TO CHENANGO TO ANYBODY WHO HAS A PHONE IN THEIR POCKET AND THAT'S A BIG DIFFERENCE.

>> IT IS KIND OF NEAT.

AND WE SPOKE WITH A PROFESSOR AT S.U.

THIS MORNING ON THIS AND, YOU KNOW, THE NUMBERS ARE STAGGERING FOR NEW YORK STATE.

$3.5 BILLION IN REVENUE.

>> JANUARY TO MARCH 25.

3.1 BILLION.

AND $104 MILLION IN TAX REVENUE TO THE STATE OF NEW YORK.

>> I MEAN MONEY IS MOVING AROUND.

PEOPLE LOSE, PEOPLE WIN, JUST TO MAKE IT CLEAR.

I BET 100 BUCKS ON SOMETHING, I LOSE, THE CASINO WOULD PAY TAX ON MY BET TO THE STATE.

THE STATE WOULD COLLECT THE TAX AND ALSO COLLECTS A TAX ON MY WINNINGS EARMARKED PREDOMINANTLY FOR EDUCATION IN ONE FORM OR ANOTHER AS FAR AS YOU KNOW.

>> YES.

THAT'S WHAT THE LEGISLATION SAYS.

AND ONCE AGAIN, WHETHER IT'S SECONDARY EDUCATION, GRAMMAR SCHOOL, THAT'S WHERE THE MONEY IS SUPPOSED TO GO.

PLUS ADDICTION.

>> STATE HAD BUDGETED, WHAT I READ ANYWAY, SOMETHING IN THE NEIGHBORHOOD OF 375 MILLION IN REVENUES WHEN THEY WERE DOING, PUTTING THEIR BUDGETS TOGETHER.

ARE YOU READY FOR THIS?

THEORIES MATING BY THE YEAR 2027, $518 MILLION IN REVENUE.

THEY'RE SEEING GROWTH HERE.

>> FOR THE ONEIDA NATION, IS THIS A BIG PERCENTAGE NOW OF REVENUES COMING IN.

>> IT IS A HUGE OPPORTUNITY FOR US.

NOW WE ARE DOING DIRECT BUSINESS WITH THE WHOLE STATE.

AND CERTAINLY WE HAVE TRAVELERS THAT PHYSICALLY COME TO UPSTATE NEW YORK FROM ALL OVER THE COUNTRY.

BUT NOW WE ARE GETTING BETS AND SPORT BETTING ENGAGEMENT EVERY DAY FROM PEOPLE THROUGHOUT THE STATE.

>> ANYWHERE.

NOT JUST LOCALLY.

>> EXACTLY RIGHT.

>> THAT OPENS IT UP FOR YOU.

>> ALL OF A SUDDEN, WE ARE GAINING SO MANY NEW GEFLGHTS AND PLAYERS GUESTS AND PLAYERS THROUGH THE ONLINE APPLICATIONS.

>> MY UNDERSTANDING IS OR WAS THAT THE STATE WANTED IT IN LIKE A PHYSICAL LOCATION CORRECT?

>> AS OF JULY 2019, WE HAVE HAD SPORTS BETTING BUT THEY HAVE HAD IT AT THE CASINOS, HAD IT AT A PHYSICAL LOCATION.

>> WHY DID THAT MATTER?

>> YOU WANT PEOPLE IN THE CASINO ITSELF SO IT'S DRIVING TRAFFIC TO THE CASINO, WHICH IS A BENEFIT TO PHYSICAL PLACE.

YOU CAN ALSO CONTROL IT.

YOU KNOW WHO IS COMING IN AND OUT.

AS FAR AS AGES GO SO WE DON'T HAVE UNDERAGED GAMBLING.

>> I'M WILLING TO GUESS THAT YOU WERE COURTED BY SOME OF THE OTHERS.

DRAFT KINGS AND MGM, EVERYTHING ELSE.

WAS THERE COMPETITION TITION FOR YOUR BUSINESS?

>> WE WERE EXCITE THERE HAD WERE A LOT OF NATIONAL BRANDS LOOKING TO GET A FOOT HOLD IN UPSTATE NEW YORK AND WE WERE LOOKING FOR A PARTNER LIKE CAESARS THAT WOULD GIVE US A LOT OF ASSETS AROUND THE COUNTRY.

>> WHAT ARE SOME OF THE PROBLEMS YOU SEE WITH THIS?

>> THERE ARE LOTS OF PROBLEMS.

I MEAN THE BIGGEST PROBLEM IS THAT GAMBLING IS AN ADDICTION.

AND THE CASINOS, ESPECIALLY NOW THAT WE HAVE GONE TO MOBILE GAMBLING, I READ A QUOTE THE OTHER SAY WHERE IT'S LIKE HAVING A CASINO IN YOUR POCKET AND IT MAKES IT SO MUCH EASIER FOR EVERYONE TO BET.

IF YOU ARE A PROBLEM GAMBLER, ALL HAVE I TO DO IS REACH IN MY POCKET AND PLACE A BET.

>> ARE WE MARKETING TO A YOUNGER DEMOGRAPHIC?

>> THEY'RE MARKETING TO A DIFFERENT DEMOGRAPHIC.

>> WHAT DO YOU MEAN?

>> THEY'RE GOING YOUNGER.

THEY'RE PUTTING HUNDREDS OF MILLIONS OF DOLLARS OF ADS ON SHOWS THAT YOUNG PEOPLE DO WATCH.

SO, YES.

>> PEOPLE ADDICTED GAMBLING FOR LACK OF A BETTER PHRASE.

SMALL PERCENTAGE?

2%?

>> IT'S A LITTLE HIGHER THAN THAT.

I THINK IT'S 6%.

>> YOU SEE THE ADS THEY'RE RUNNING AND WE HAVE BEEN BOMBARDED WITH THE CAESAR ADS, ALL THIS AND AT THE VERY END, IF YOU HAVE A PROBLEM, CALL THIS NUMBER AND IT REMINDS ME OF THE SURGEON GENERAL'S WARNING ON A PACKAGE OF CIGARETTES.

NOBODY READS IT.

>> GAMBLING LEADS TO MORE SUICIDE THAN ANY ADDICTION.

WHETHER IT'S DRUGS OR ALCOHOL, YOU ARE MORE LIKELY TO KILL YOURSELF VIA SUICIDE BECAUSE OF GAMBLING.

>> I'M IN NEW YORK.

I CAN'T BET ON A NEW YORK COLLEGE TEAM OR... >> OR EVENTS HAPPENING IN THE STATE.

COLLEGE EVENTS.

>> OKAY.

IF THE FINAL FOUR WAS BEING PLAYED IN THE DOME, COULD I BLET BET ON THAT?

>> NO.

>> INTERESTING.

JUST BECAUSE I'M A NEW YORK RESIDENT?

>> CORRECT.

>> WHEN I TALKED EARLIER TO THE PROFESSOR, I UNDERSTOOD THAT NEW YORK STATE STEAKS LIKE 51% OF THE REVENUE, NICE WORK IF YOU CAN GET IT.

IS IT DIFFERENT IF I'M PLACING A BET HERE VERSUS ANOTHER NEW YORK CHANNEL?

THERE IS A DIFFERENCE?

>> THERE IS NO DIFFERENCE AT ALL TO THAT.

>> NOT IN TAXATION, EITHER?

>> THERE IS CERTAIN TREATMENT FOR DIFFERENT GAMES THROUGHOUT NEW YORK STATE.

>> THE OTHER THING WE HAVE TO BE CAREFUL ABOUT IS THE WAY THE CASINOS ARE CHANGING THE WAY WE BET.

EVEN 10 YEARS AGO, IF I WANTED TO BET A GAME, I WOULD BET ONCE.

NOW WHAT CASINOS WANT TO DO WITH THE MOBILE BET.

I BET THE NORTH CAROLINA GAME BUT NOW I'M BETTING WHO IS GOING TO BE AHEAD AT THE FIRST HALF.

WHO IS GOING MAKE THE FIRST SHOT.

THERE IS A TON OF THAT.

>> AND THEY SAY THAT'S VERY ENGAGING.

PEOPLE ARE VERY ENGAGED ON WATCHING THE SHOW BECAUSE YOU ARE BETTING EVERY MOMENT OF IT.

>> SURE, BUT YOU ARE BETTING MORE.

IT'S NOT JUST THAT ONE OFF NOW.

NOW WE ARE CONSTANT LIP BETTING.

AND ONCE AGAIN YOU ARE CHASING YOUR LOSSES THAT WAY, TOO.

SO I LOST THE FIRST HALF, I GOT TO BET MORE ON THE SECOND HALF AND SO THAT'S ONE OF THE FEARS AS WELL.

>> I CAN SEE THAT.

YES.

>> YOU ARE SEEING EVIDENCE OF THAT I ASSUME?

>> THAT'S THE BIGGEST CONCERN.

>> I CALL THEM CROSS BETS.

>> CERTAINLY BUT THERE IS LIVE BETS WITHIN THE GAME THAT CAN BE REALLY EXCITING.

WHO IS GOING TO MAKE THE NEXT SHOT WHO IS GOING TO FINISH THE QUARTER.

>> IT'S FASTER PACED.

>> AND ELEVATES THE GAME EXPERIENCE.

OKAY I MISSED THAT ONE.

WHAT WILL I TRY TO USE TO GET MYSELF OUT OF THAT.

>> WITH ALL OF THE BETTING GOING ON, DO YOU WORRY THAT SOMEONE MIGHT GET TOO INVOLVED?

THAT THERE COULD BE ABUSES HERE?

DO YOU MONITOR THAT IN ANY WAY.

THERE IS A WAY TO WATCH FOR THAT AT THIS LEVEL?

>> THERE ARE WAYS TO MONITOR THAT AND SOMETHING THAT EVERYONE IN THIS INDUSTRY IS VERY CONCERNED ABOUT AND SO WE CERTAINLY TAKE THAT SERIOUSLY WATCHING FOR PATTERNS WHEN, YOU KNOW, THE PHRASE I LIKE TO USE, WHEN IT'S NOT FUN ANYMORE.

WE LIKE TO TALK ABOUT THE IMPACT ECONOMICALLILY AND THE NATION IS IF YOU WILL, PUTTING BACK INTO THE COUNTIES, MADISON, ONEIDA AND ONONDAGA, MILLIONS OF DOLLARS.

I READ 20 MILLION OR SOMETHING LIKE THAT $4 MILLION SPECIFICALLY GOING BACK TO ONONDAGA COUNTY WHICH HELPS PAY THE DEBT OFF TO ST. JOSEPH AMPHITHEATER WHICH HAS NOTHING TO DO WITH THIS PLACE.

>> THAT'S RIGHT.

>> SO THERE IS THAT.

THAT'S A POSITIVE.

>> ABSOLUTELY.

YES.

IT STARTS WITH THE INVESTMENT IN THE PROPERTIES, CONSTRUCTION JOBS, JOBS DAY TO DAY BUT THAT ECONOMIC IMPACT OF VENDORS AND ALL THAT RIGHT HERE IN THE AREA, BUT YOU ALSO HAVE TO REMEMBER WE ARE A KEY EMPLOYER SO WE DO CARE ABOUT ADDING THINGS LIKE THE AMPHITHEATER TO THE AREA AND SO THOSE INVESTMENTS TO MAKE THE COMMUNITY MORE ATTRACTIVE TO RECRUITMENT AND FOR OUR GUESTS TO STAY HERE OUR LONG-TERM GOAL IS HERE AND SO WE'VE GOT TO BUILD THIS COMMUNITY UP.

SO CERTAINLY FROM OUR PERSPECTIVE, WE WORK HARD ON BENEFITS, ON CREATING AN ENVIRONMENT WHERE PEOPLE ARE GOING TO LOVE WHAT THEY DO.

BUT WE DO LOOK FORWARD TO THAT KIND OF GROWTH EVERYWHERE.

>> DESPITE THE CONCERNS YOU'VE RAISED, AND YOU HAVE.

IS THE NET EFFECT OF THIS A POSITIVE?

A LOTTED OF MONEY COMING IN?

>> I THINK SO.

ONCE AGAIN, THERE ARE CONCERNS.

I MEAN WE HAVE TO BE CAREFUL OF THE POPULATION'S THAT HAVE ADDICTION PROBLEMS WITH GAMBLING YOU HAVE TO MAKE SURE YOU ARE NOT FEEDING THAT ADDICTION BUT I BELIEVE THE TAX REVENUE IS A GOOD THING FOR THE STATE AND IF IT'S PUT IN THE RIGHT PLACES, ANOTHER THING THEY'RE TALKING ABOUT IS YOUTH SPORTS, ALL GREAT THINGS THAT COULD USE THE EXTRA MONEY AND ONCE AGAIN NEW YORK IS GOING TO BE THE BIGGEST MARKET IN THE COUNTRY SO IT WILL BE INTERESTING TO SEE WHAT HAPPENS AT THE END OF 22 WHEN THE FOOTBALL SEASON IS ROLLING AND NEW YORK HAS GOT SPORTS GAMING ESTABLISHED.

>> WILL YOU STAND BY.

I MIGHT WANT TO COME BACK AND TALK TO YOU AGAIN.

THANK YOU SO MUCH FOR TALKING THANK YOU SO MUCH FOR TALKING WITH US AGAIN.

ONCE AGAIN OUR THANKS TO STEVE AND JOHN FOR THEIR PERSPECTIVE ON THE WHOLE SPORTS BETTING INITIATIVES.

THAT'S OUR PROGRAM FOR TONIGHT.

BUT NEXT WEEK, WE GO OUT TO A CONSTRUCTION SITE, THANKS TO A PROGRAM THAT IS HELPING TO BUILD A LOCAL WORKFORCE.

WE'LL OFFER MORE COMMON SENSE TIPS AND OUR SPOTLIGHT SERIES FOCUS OWES A SPECIAL CONVERSATION WITH THE C.E.O.

OF THE ONEIDA INDIAN NATION AND ONEIDA COUNTY EXECUTIVE ANTHONY PICENTE.

SO MUCH MORE COMING THIS SEASON.

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FROM ALL OF US AT ON THE MONEY, I'M DANIEL PLUFF.

THANKS FOR WATCHING.