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View Full Version : OT: Sports Betting Restrictions Lifted by SCOTUS



RenoZag
05-14-2018, 09:18 AM
https://www.bloomberg.com/news/articles/2018-05-14/federal-sports-wagering-ban-struck-down-by-u-s-supreme-court


Gambling research firm Eilers & Krejcik estimated that, if allowed by the court, 32 states will legalize sports gambling in some capacity by 2023. On William Hill Plcís earnings call last week, Chief Executive Officer Philip Bowcock said that the company was operating under the assumption that New Jersey and Delaware would make legal sports betting available almost immediately, followed shortly by Mississippi and West Virginia.

https://www.bloomberg.com/news/articles/2018-05-14/new-jersey-delaware-poised-to-be-next-with-legal-sports-betting


The U.S. Supreme Court freed states to legalize gambling on individual sporting events, unleashing what will be a race to attract billions of dollars in wagers and heralding a new era for the nationís sports leagues.

The justices on Monday struck down the federal law that had barred single-game gambling in most of the country, saying it unconstitutionally forced states to maintain their prohibitions. Nevada has been the only state with legal single-game wagering.

There will still be a big contingent at the casinos come the opening weekend of March Madness but this development will certainly impact Nevada's gaming take in the long haul.

kitzbuel
05-14-2018, 09:40 AM
Thanks, Reno. Interesting to see Stern's flip flop on this.

Good background information here: https://www.onlinegamblingsites.com/law/paspa/

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Zagceo
05-14-2018, 11:15 AM
next up .......prostitution

zag buddy
05-14-2018, 11:19 AM
How does this effect online poker?

Coach Crazy
05-14-2018, 01:02 PM
next up .......prostitution

Coach Pitino is kicking himself.

kitzbuel
05-14-2018, 01:42 PM
I have always thought it is a bit ridiculous that sports betting is illegal, not to mention due to a unique law enshrining Vegas's monopoly.

I look forward to being able to put some money on games I watch and make them more intriguing.

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Bogozags
05-14-2018, 05:38 PM
next up .......prostitution

Legalized in many countries in Europe and has reduced crime and STDs...another way to increase the tax base too...

kitzbuel
05-15-2018, 08:43 AM
How does this effect online poker?It doesn't, at least not directly or immediately. It directly affects the law prohibiting sports betting. It could set a precedent however.

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CDC84
05-15-2018, 09:40 AM
I think it is ridiculous that the NBA and MLB are trying to get a cut of the sports betting action when they have been involved, along with the NFL and the NCAA, in leading the charge against sports betting legalization.

The bottom line is that the best policemen against fixing and point shaving are the sports books. If they notice any unusual action, it gets reported to the authorities ASAP. See the Steven Smith case in 1994 when he was found guilty of shaving points while playing at ASU. The sports books stand to lose big money by such things, so they won't allow it happen. Needless to say, the local bookie isn't going to be notifying the authorities if he notices unusual action.....that is, unless he wants to risk losing his business and being sent to a jail cell for running an illegal sports betting operation.

The Supreme Court ruling is long overdue.

And the NCAA are a bunch of hypocrites. They know as well as I do that 25% of all U.S. office workers are involved in a bracket pool every March Madness. And that's just what takes place at work. The tournament is driven by betting.