January 23, 2019

Possible Legalization of Sports Betting Brings Warning of Gambling Addiction Risk

17 May 2018, 01:18 | Anna Jefferson

Supreme Court ruling on sports betting could mean big things for this Delaware startup

How will Legal USA Sports Betting affect Esports?

It is estimated up to an additional 32 states could enter the sports betting field within the next five years, and West Virginia wants to be the first to score, Larrick said.

Manuel said Big Ten commissioner Jim Delany mentioned the Supreme Court ruling during the conference meetings this week.

The Oneida Indian Nation says it will open sports books at its casinos in the "near future", and doesn't need additional state authority. Former Gov. Chris Christie took the fight to the Supreme Court, arguing that PASPA was unconstitutional because it violated the Tenth Amendment's decree reserving powers for the states that aren't designated to the United States by the Constitution.

That's the way these things are supposed to work, with states and the free market determining whether sports betting on a nationwide scale will be successful or fail.

The four major US professional leagues and the NCAA spent years fighting New Jersey's challenge to the constitutionality of the federal ban. At that time, gambling in Atlantic City was flourishing, and notwithstanding one of its own senators' efforts to keep gambling away from competitive sports, the state of New Jersey wanted to duplicate Las Vegas' success with sports betting.

Why wouldn't they? Lotteries reported sales of $70.1 billion in 2014. Well, for one, it means that states should temper some of the rhetoric of large tax windfalls from sports wagering.

The American Gaming Association (AGA), which represents the USA casino industry, has long opposed the 1992 Professional and Amateur Sports Protection Act, contending it has resulted in an annual illegal sports betting market of $150 billion. "So if the Yankees were in the World Series, you couldn't bet on that", Sleight said. He thinks team values are going to double.

Given the nationwide popularity of sports, it would seem even more unlikely a ban effort would see success after the Supreme Court ruling. It has been "dormant" since 2013, waiting for the possibility that sports betting could be legal in NY. More people may be apt to try their hand at gambling since it will be legal. Such proposals are likely to be counterproductive because they will put legal sports books at a significant competitive disadvantage to existing illegal operators.

But Sr. John Dyben the Chief Clinical Officer of Origins Behavioral Health Care says Americans mistakenly believe if something is legalized, it's safe.

And that idea - that it's already happening - is what the two major party candidates for governor cite when asked how they would handle this, since a lot of it will be worked out in the next year or two.

Churchill Downs recently purchased Presque Isle Downs in Pennsylvania after the state approved online gaming and sports betting.

Another major consideration for the states will be whether they will accept wagers that are placed over the telephone or via the Internet.

WATCH Could sports gambling become a.

Let's not forget technology. The states that have already regulated internet poker have proven that it can be done in a way the benefits consumers and governments.

Since Americans love the convenience, app developers are likely going to be very busy. Interestingly, not only does the ruling serve to beef up the $100 billion gambling industry, removing it from the hands of criminal organizations, it is an encouraging in the grand scheme of marijuana reform. "They're all automated, and they go out there and search for trends".

"We talk to them about gambling anyway and have those educational sessions every year", Gard said Monday.

Not everyone is a victor with this ruling. "If this can help generate revenue for states and be regulated and controlled, if you look at Las Vegas, they've found a way to do it".

Of course, gamblers can't just simply walk down to the end of the block to place their bets - at least not yet. But in college, there will be guys willing to take $500 to fumble on the goal line.

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