Offbeat Why legalized sports gambling is a win for millions of fans

00:07  15 may  2018
00:07  15 may  2018 Source:   usatoday.com

Goodell: Congress should enact uniform gambling standards for states

  Goodell: Congress should enact uniform gambling standards for states Last week’s Supreme Court decision opening the door for states to sanction sports betting has been met with much speculation.The NFL’s initial response was to ask Congress for “a core regulatory framework” that would govern legalized betting on sports. NFL Commissioner Roger Goodell expanded on that in a statement on Monday that asks Congress to act and outlines four areas that the league believes need to be addressed in any legislation.

Even if they don’t realize it, most sports fans come into contact with gambling information on a regular basis. If I have skill as a fantasy player, I’ll know who to draft, when to draft him, and why . Professional sports leagues spend millions of dollars every year lobbying against legalized betting.

What will a legalized sports betting future look like? Go to London. Sports gambling is legal there, and Premier League teams even have betting windows in their stadiums. I hate to be a boner, but the sports groups win again. NJ loses.

a screenshot of a video game: The Supreme Court ruled on Monday to remove the federal ban on sports betting.© John Locher, AP The Supreme Court ruled on Monday to remove the federal ban on sports betting.

Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft.

Within the next few years, there’s a good chance I’ll be able to walk into my local NBA arena on a Wednesday night, settle into my seat for an otherwise meaningless regular season game, flip on my phone and place $10 on whether the teams will score more or less than 50 total points in the first quarter.

Or perhaps I’ll be able to leave the tailgate before a big college football game, walk half a mile to the sports book at the center of town and come back with a ticket in my pocket laying points on the old alma mater.

NFL has no issue with David Tepper’s casino holdings

  NFL has no issue with David Tepper’s casino holdings The prospective owner of the Carolina Panthers owns a company that holds ownership interest in casino stock. That won’t keep David Tepper from owning the team.Via Carleton English and John Kosman of the New York Post, the league has no issue with Tepper’s company, Appaloosa Management, holding ownership interests in Caesars Entertainment, MGM Resorts International, and Boyd Gaming.“This was vetted to the satisfaction of ownership and was not an issue in 2009 when Mr. Tepper became a minority owner of the Steelers,” a league spokesperson told the Post.

Gambling , the NFL’s boogeyman, is why league got B for despised ‘Thursday Night Football’. Legalized sports wagering, which the NFL has fought in courts of law and public opinion, may already be its saving grace. For the NFL, the rich Fox deal meant more than extra millions . It was a win .

"An NHL team in Las Vegas is a win for Nevada, a win for casino gaming , and we think a win for fans , as well," he said. Frank Pallone, D-N.J., who wants to legalize sports betting in the Garden State, has said professional sports leagues that invest in or endorse fantasy gaming but distance

Many of you, of course, have already been doing these things for years in some form or fashion. In Europe, it's long been legal and prevalent. But for the entirety of our lives as sports fans in the United States, a nonsensical, unfair federal law has made those activities seem nefarious if they weren’t conducted within the Nevada borders.

More: What it means: Supreme Court strikes down PASPA law that limited sports betting

More: Supreme Court strikes down ban on sports betting in victory for New Jersey

Betting on a horse race? You could do that just about anywhere. Casinos? No matter where you live, there’s one within a few hours drive. Lotteries? Only six states don’t have one.

But if you wanted to bet on an NFL game, you had to go to a black-market bookie or a sketchy offshore website — and many of you did, fueling a multi-billion dollar underground industry that existed for no reason whatsoever other than decades of propaganda and successful lobbying of Congress at the behest of sports leagues and others with a vested interest in protecting the status quo.

With sports betting legalized, who will hit the jackpot?

  With sports betting legalized, who will hit the jackpot? But just how big that bounty will be remains to be seen, with regulations and taxes still to be ironed outJefferies analyst David Katz is hedging his bets when it comes to forecasting its impact, though he views the ruling as a positive for casino operators. In a recent note to clients, Katz estimated the sports betting market at $1.2 billion to $57 billion and the potential revenue at between $62 million to $2.9 billion for casinos. His wide range of estimates is by design.

David Purdum explains why the legalization of sports betting in the U.S. is only the first step, not the end game. Long-tentacled syndicates have used millions of dollars to bribe match officials, club That is why the NFL's position on legalized sports gambling has remained consistent for decades.

Legal gambling on sports doesn’t necessarily mean we will soon follow the example of European and Asian soccer teams that put the It’s why the charming gamblers in movies tend to be cardsharps or pool hustlers and rarely sports bettors. in Malaysia and bets millions in a casino in Macau.

As of Monday morning, however, the veil of nonsense has been lifted. The Supreme Court has thankfully normalized the way millions of people prefer to view and experience sports forever.

With its long-awaited 7-2 decision to strike down the Professional and Amateur Sports Protection Act (PAPSA), the ignition has been turned on a new era that will undoubtedly spark significant changes in the way we consume sports and how leagues operate.

With the power to legalize sports betting handed to the states, it’s now a race to see who can capitalize most on the fact that a whole lot of people like to bet on sports.

In one sense, that may not seem like a huge deal. People have already been betting on sports, in huge numbers and amounts, and now they’ll simply continue to do so in a more orderly and proper venue where their wager will help generate tax income.

On the other hand, this ruling is going to spark the kind of in-your-face change that many folks aren’t used to. Because while horse racing and casino gambling own a tiny sliver of our culture, sports in many ways define our culture. And now they’ll be linked to gambling not with a wink and a nod, but in official ways that will often seem pervasive.

Kyle Busch sees legalized sports betting as being positive for NASCAR

  Kyle Busch sees legalized sports betting as being positive for NASCAR Some observers envision the possibility of fans placing sports bets at speedway locations on race day or using mobile devices to make bets. NASCAR issued a statement saying it will monitor the impact of the court ruling.Somewhat surprisingly, Las Vegas, the nation’s gambling capital, is over-represented in NASCAR driving circles. Calling Sin City home are brothers Kyle and Kurt Busch, plus Noah Gragson, Brendan Gaughan and Spencer Gallagher.

For millions of Americans, March Madness is not so much about March as it is madness. Sports gambling also confuses people from a "real" sport fan and a fan of sport gambling . There are reasons, other then economic, why gambling should be legalized (an important issue, many forms

"An NHL team in Las Vegas is a win for Nevada, a win for casino gaming , and we think a win for fans , as well," he said. Frank Pallone, D-N.J., who wants to legalize sports betting in the Garden State, has said professional sports leagues that invest in or endorse fantasy gaming but distance

Make no mistake, professional leagues will use the interest in gambling as a hook to promote their product while also taking their slice of the pie to boost revenues. Betting windows in the concourse of your local arena? Team-endorsed daily fantasy leagues? A gambling company putting its logo on someone’s jersey?

It’s all on the table.

Some forward-thinking leagues like the NBA will be in position to capitalize on it. Others, like the often-backwards NCAA, could struggle to embrace it and miss out on a remarkable opportunity to increase their fan base and make loads of cash. For a niche sport like horse racing, the opportunity to host a sports book is a potential game-changer that could bring people back to the track in large numbers.

No matter how it shakes out, the days of ESPN’s College GameDay getting push back when it started putting point spreads on its ticker are thankfully long gone.

Sports gambling in the U.S. is about to be bigger, better and simply a part of our lives in ways it wasn’t before. While that doesn’t mean anyone will compel you to put $20 down in order to consume a game, nobody in America is going to make you feel like a criminal anymore if that’s what you want to do.

5 ways college sports will be affected by legalized sports betting .
On Monday, the game was changed when the U.S. Supreme Court voted to strike down a federal law prohibiting state-sanctioned sports betting. If they hurry, it’s presumed that someone could go to Atlantic City or their local New Jersey racetrack and place a bet on the NCAA Lacrosse championship game over Memorial Day Weekend. If the casinos and books don’t get set up in time, they’ll certainly be ready to start accepting bets on college football games come September. By then, other states could be ready to accept bets as well.

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