Betting $$ on the Huskies...

[VAMike23]

...will be a lot easier now ! (depending on what your state government wants to do)


Supreme Court lets states legalize sports gambling

 

[VAUConnFan]

The ruling makes little sense. Did not the states already have the authority to legalize gambling? Even so, encouraging and promoting a vice such as gambling can only lead to bad outcomes. Have we not already had enough scandals in college sports betting? Are we not already over saturated with legalized casino gambling in the United States? Now we want to add extra inducements. My thumb is down on this ruling.

 

[stamfordhusky]

1

The ruling makes little sense. Did not the states already have the authority to legalize gambling? Even so, encouraging and promoting a vice such as gambling can only lead to bad outcomes. Have we not already had enough scandals in college sports betting? Are we not already over saturated with legalized casino gambling in the United States? Now we want to add extra inducements. My thumb is down on this ruling.

No, the states did not have the authority to legalize sports gambling - except for four states that were excepted in the federal legislation. The issue was why a couple of states were allowed to make their own decisions on gambling and the other states were not. Note that under this decision, each individual state can still choose to make sports gambling illegal.

As for promoting gambling, it is so prevalent that it really can't be promoted much more. You can place bets at most bars, many high schools, most colleges, and a huge number of other places. The only real difference in legalizing it is that it can be regulated and the state will get some money out of it.

 

[Alydar]

Removing laws that prohibit an activity is not "encouraging and promoting". Gambling, along with many other activities are not "made legal". The natural state of all activity is that it is legal and permitted. Laws only prohibit and saying that removing prohibitions in any way encourages them is a false argument.

Laws prohibiting any activity only work if the vast majority of the population agrees to abstain from it. Gambling, like alcohol consumption, may have some detrimental side effects but making them illegal will not stop them. People like to drink and they like to gamble and they will do those things despite any laws. Making them illegal has turned a large part of the population into petty criminals, has helped to generate a general disrespect for laws in general and has promoted the corruption of our law enforcement agencies.

 

[Wbbfan1]

What's going to be the impact on Las Vegas with legalized sports gambling in most or all States within the next year or two? Will many who spend dollars on lottery tickets decided they can get a bigger return on Sports Gambling or is the lottery and Sports Gambling attract different audiences? I suspect those that bet and have bought lottery tickets in the past will do both.

What will team owners/Colleges and players demand as compensation? Will they have a case if they sue? The Dan Patrick show had an interesting question. Usually Las Vegas sets the betting odds. Will each State have their own betting odds based on bets placed in each respective State? Will be interesting to see what the States do with the money they earn on Sports betting. Will it go into the General Fund of each State or will it be earmarked like Lottery Proceeds are? Will some States have different age limits on who can place a bet? Will some States say the age limit is 18 or will some say 21 or a different age?

 

[Wbbfan1]

NBA and MLB asking for a 1% Integrity Fee, which Las Vegas says would be 20% of the profit they usually make on Sports Betting. Las Vegas says they make 5% profit on their Sports Betting Business. With legal sports betting, how will NBA, MLB protect integrity of game?

 

[Charliebball]

NBA and MLB asking for a 1% Integrity Fee, which Las Vegas says would be 20% of the profit they usually make on Sports Betting. Las Vegas says they make 5% profit on their Sports Betting Business. With legal sports betting, how will NBA, MLB protect integrity of game?

the sports leagues have a lot of nerve asking for a cut after fighting tooth and nail against legalized sports betting for all these years....................I would think they'll see some additional profits as sports viewership should see a small upturn with those who will be allowed to now gamble watching games they otherwise might not be interested in......

 

[Monte]

What's going to be the impact on Las Vegas with legalized sports gambling in most or all States within the next year or two? Will many who spend dollars on lottery tickets decided they can get a bigger return on Sports Gambling or is the lottery and Sports Gambling attract different audiences? I suspect those that bet and have bought lottery tickets in the past will do both.

What will team owners/Colleges and players demand as compensation? Will they have a case if they sue? The Dan Patrick show had an interesting question. Usually Las Vegas sets the betting odds. Will each State have their own betting odds based on bets placed in each respective State? Will be interesting to see what the States do with the money they earn on Sports betting. Will it go into the General Fund of each State or will it be earmarked like Lottery Proceeds are? Will some States have different age limits on who can place a bet? Will some States say the age limit is 18 or will some say 21 or a different age?

...What happens in Connecticut, will stay in Connecticut!

 

[stamfordhusky]

the sports leagues have a lot of nerve asking for a cut after fighting tooth and nail against legalized sports betting for all these years.....I would think they'll see some additional profits as sports viewership should see a small upturn with those who will be allowed to now gamble watching games they otherwise might not be interested in.

the sports leagues have a lot of nerve asking for a cut after fighting tooth and nail against legalized sports betting for all these years.....I would think they'll see some additional profits as sports viewership should see a small upturn with those who will be allowed to now gamble watching games they otherwise might not be interested in.

The NBA in recent years has been in favor of legalized gambling. For example:

NBA Commissioner Nate Silver (2014): ""The laws on sports betting should be changed. Congress should adopt a federal framework that allows states to authorize betting on professional sports, subject to strict regulatory requirements and technological safeguards."

Commissioner Nate Silver (2015): " The best way for the league to monitor our integrity is for that betting action to move toward legal betting organizations, where it can be tracked. That's the pragmatic approach."

 

[MSGRET]

What's going to be the impact on Las Vegas with legalized sports gambling in most or all States within the next year or two? Will many who spend dollars on lottery tickets decided they can get a bigger return on Sports Gambling or is the lottery and Sports Gambling attract different audiences? I suspect those that bet and have bought lottery tickets in the past will do both.

What will team owners/Colleges and players demand as compensation? Will they have a case if they sue? The Dan Patrick show had an interesting question. Usually Las Vegas sets the betting odds. Will each State have their own betting odds based on bets placed in each respective State? Will be interesting to see what the States do with the money they earn on Sports betting. Will it go into the General Fund of each State or will it be earmarked like Lottery Proceeds are? Will some States have different age limits on who can place a bet? Will some States say the age limit is 18 or will some say 21 or a different age?

Nevada gaming has estimated that it will not effect the State as much then a lot of people think it will. They believe that once other states start sports gambling they will want to come out and experience the Vegas sports books. They also believe that most of the states will see a drop in the lottery proceeds. Most states will most likely go with the age of 21, which is what all the casinos currently enforce. The people that should lose the most is the bookies and their illegal betting.

 

[Charliebball]

the sports leagues have a lot of nerve asking for a cut after fighting tooth and nail against legalized sports betting for all these years.....I would think they'll see some additional profits as sports viewership should see a small upturn with those who will be allowed to now gamble watching games they otherwise might not be interested in.

The NBA was against legalized sports betting until Silver took over:

"For years, former National Basketball Association Commissioner David Stern believed being associated with gambling would hurt the integrity of professional sports.He even testified on behalf of NBA star-turned-senator Bill Bradley’s Professional and Amateur Sports Protection Act (PASPA), which became law in 1992 and prevented sports wagering from expanding beyond four states that already had some version of it, including Nevada, the only state with legal race and sports books."

After he left the NBA he changed his mind but I believe all of the other sports have campaigned against it for many years

 

[stamfordhusky]

The NBA was against legalized sports betting until Silver took over:

"For years, former National Basketball Association Commissioner David Stern believed being associated with gambling would hurt the integrity of professional sports.He even testified on behalf of NBA star-turned-senator Bill Bradley’s Professional and Amateur Sports Protection Act (PASPA), which became law in 1992 and prevented sports wagering from expanding beyond four states that already had some version of it, including Nevada, the only state with legal race and sports books."

After he left the NBA he changed his mind but I believe all of the other sports have campaigned against it for many years

True, although Stern - with Silver prodding him - was changing his view in his last few years. For example:

" In 2009, then-commissioner Stern told Sports Illustrated, when asked if legal sports betting would be in the NBA's best interest, "It has been a matter of league policy to answer that question no. But I think that league policy was formulated at a time when gambling was far less widespread -- even legally."

A couple of years prior to Stern's quote, Deputy Commissioner Silver said: ""As we began to stage exhibition games in Europe and China and jurisdictions where sports betting was legal, it caused me to focus more on this than I had historically. Then we began getting approached by sports-betting companies outside of the United States, where it's legal, to do business with them. As we became more of a global company, I began to think about what our policy should be here.""

 

[j66kicker]

NBA and MLB asking for a 1% Integrity Fee, which Las Vegas says would be 20% of the profit they usually make on Sports Betting. Las Vegas says they make 5% profit on their Sports Betting Business. With legal sports betting, how will NBA, MLB protect integrity of game?

Hmmm. The house vig on legal spread-type sports bets is usually a little less than than 5%. Everybody's going to want their cut. Today (already) the New Jersey state legislature introduced a bill to legalize sports betting in NJ and tax bets made in person at race tracks and casinos at 8% and bets made online at 12.5%. The Feds are going to want their cut (Orrin Hatch is already calling for Congress to legislate Federal regulation for "consistency of enforcement."). And don't you think the municipalities and counties will want in on the action? Maybe the tax burden will end up being so high it will keep illegal gambling alive... ?

 

[j66kicker]

the sports leagues have a lot of nerve asking for a cut after fighting tooth and nail against legalized sports betting for all these years.....I would think they'll see some additional profits as sports viewership should see a small upturn with those who will be allowed to now gamble watching games they otherwise might not be interested in.

Well the NFL has recently flip-flopped and facilitated the move of the Raiders to Las Vegas. Not to mention that several NFL owners have significant equity interests in DraftKings and FanDuel - single-game fantasy football sites which several states (led by New York) are trying to outlaw, saying they are thinly-veiled gambling sites.

 

[meyers7]

Great, more Goodfellas on the unemployment line.