Just who will cash in on sports betting?
Back in 1992, Congress passed the Professional and Amateur Sports Protection Act of 1992. Its summary when introduced in 1991 by then Arizona Senator Dennis DeConcini read as follows:
Professional and Amateur Sports Protection Act - Prohibits a State, or any political subdivision, from sponsoring, operating, advertising, authorizing, licensing, or promoting any lottery, sweepstake, or other betting, gambling, or wagering scheme based, directly or indirectly, on any game or games engaged or conducted or scheduled by any professional or amateur sports organization, or on any performance or performances in such games.
Sports betting in Nevada wax exempted. So was jai alai, horse and dog racing, and there were a few other carve-outs for existing programs. The question is, did the bill infringe on states rights, as prohibited by the Tenth Amendment of the U.S. Constitution.
On May 14, 2018, the United States Supreme Court ruled in the case Murphy v National Collegiate Athletic Association that the law was indeed unconstitutional. But before you rush out the front door to place a legal sport bet here in California, don't. You are in for a wait of months, probably years before that will happen.
The Los Angeles Times reports that Native American casinos, horse racing track operators and the owners of the card clubs operated in some CA cities will be competing to be allowed to handle sports betting as the Legislature moves to regulate and tax the enterprise. BTW, L.A. Times, your story reports incorrectly that card clubs do not have games where players bet against the house. That is untrue. It is true that in games like Pai Gow and Blackjack that a player seated at the table can choose to assume the role of banker, if no player does, the players are betting against and winning/losing to the club.
Just how much money is involved here? Estimates are that more than $400 billion is wagered annually on sports in the U.S. 99% of that is done outside of Las Vegas. A study by the UNLV Center for Gaming Research reveals that over $4.8 billion was wagered on sports in Nevada. Over 90% of that amount was wagered on three sports, baseball, basketball and football.
Is the logic the same as legalizing pot? Take something people are doing in violation of the law, and making it a tax revenue source?
Professional and Amateur Sports Protection Act - Prohibits a State, or any political subdivision, from sponsoring, operating, advertising, authorizing, licensing, or promoting any lottery, sweepstake, or other betting, gambling, or wagering scheme based, directly or indirectly, on any game or games engaged or conducted or scheduled by any professional or amateur sports organization, or on any performance or performances in such games.
Sports betting in Nevada wax exempted. So was jai alai, horse and dog racing, and there were a few other carve-outs for existing programs. The question is, did the bill infringe on states rights, as prohibited by the Tenth Amendment of the U.S. Constitution.
On May 14, 2018, the United States Supreme Court ruled in the case Murphy v National Collegiate Athletic Association that the law was indeed unconstitutional. But before you rush out the front door to place a legal sport bet here in California, don't. You are in for a wait of months, probably years before that will happen.
The Los Angeles Times reports that Native American casinos, horse racing track operators and the owners of the card clubs operated in some CA cities will be competing to be allowed to handle sports betting as the Legislature moves to regulate and tax the enterprise. BTW, L.A. Times, your story reports incorrectly that card clubs do not have games where players bet against the house. That is untrue. It is true that in games like Pai Gow and Blackjack that a player seated at the table can choose to assume the role of banker, if no player does, the players are betting against and winning/losing to the club.
Just how much money is involved here? Estimates are that more than $400 billion is wagered annually on sports in the U.S. 99% of that is done outside of Las Vegas. A study by the UNLV Center for Gaming Research reveals that over $4.8 billion was wagered on sports in Nevada. Over 90% of that amount was wagered on three sports, baseball, basketball and football.
Is the logic the same as legalizing pot? Take something people are doing in violation of the law, and making it a tax revenue source?
posted by me at 6:21 AM
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