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Topic: OT (sort of) - Supreme Court strike down PAPSA

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ELA

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Re: OT (sort of) - Supreme Court strike down PAPSA
« Reply #14 on: May 16, 2018, 10:19:09 AM »
WOW. This was so far off my rader, I'm shocked; but now hearing the following, i feel naive for not thinking about it.

NFL and NBA want their cut of the gambling pie. Nevada Gambling commision has never paid any of the leagues for sports betting, but now that tha federal bad has been lifted the NFL wants a federal regulation implmented. (WTF?!? I really think the NFL missed the point of the ban getting lifted.) and they want the new Federal (State if needed) regulations to include 1% of all wagers to go to them. WOW! From listening to ... what vere Mike and Mike has become ... the NBA is also seeking to get paid from sports betting.
I think the NFL has only asked for federal regulation.  The NBA has asked for a 1% "integrity fee" to be paid to them.  Apparently the Vegas margins on sports betting is 4-5%, so you are basically taxing 20-25% of their income.

Not to mention the fact that since people don't have to go there to do it, their overall numbers have to shrink.  I wonder how nervously Nevada lawmakers were watching this one.

FearlessF

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Re: OT (sort of) - Supreme Court strike down PAPSA
« Reply #15 on: May 16, 2018, 10:49:05 AM »
Tom Osborne On sports gambling:

"The overall quality of life (in Nebraska) is really about as good as any place in the country right now. There's speculation it would bring in maybe $100 million in sports gambling, and a 7 percent tax on that would be $7 million. But in the greater scheme of things, $7 million isn't a huge amount, and what's going to happen is you will see an increase in dysfunction, more problem gambling, and as the governor said, the social cost will outweigh the financial benefits.

"It gets to the point where people aren't there to watch a great football game. They're there to win a bet. My experience over the years I was a coach, most of the really negative, nasty stuff that I ran into usually was involved with a fan who'd lost a bet. And I had fans who'd come up and say 'You lost me $1,000' and it was because I put the second team in. ... It will definitely make life harder for the players and coaches."
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

MarqHusker

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Re: OT (sort of) - Supreme Court strike down PAPSA
« Reply #16 on: May 16, 2018, 11:48:41 AM »
All these leagues want a taste of the gig.  The States want to get their beaks wet as well.   I think T.O. makes a lot of cogent points regarding some of consequences of this, most of which I'm sure will be ignored.   States are desperate for dough and this is a captive audience to tap.

I just want to type this out loud because I'm tired of seeing it by lazy know nothings in the press who don't understand how federalism works.   The Supreme Court did not legalize sports gambling in the states.  Barring further legislative action from Congress, the states will decide whether or not sports gaming can legally occur within its borders.

ELA

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Re: OT (sort of) - Supreme Court strike down PAPSA
« Reply #17 on: May 16, 2018, 12:17:19 PM »
Tom Osborne On sports gambling:

"The overall quality of life (in Nebraska) is really about as good as any place in the country right now. There's speculation it would bring in maybe $100 million in sports gambling, and a 7 percent tax on that would be $7 million. But in the greater scheme of things, $7 million isn't a huge amount, and what's going to happen is you will see an increase in dysfunction, more problem gambling, and as the governor said, the social cost will outweigh the financial benefits.

"It gets to the point where people aren't there to watch a great football game. They're there to win a bet. My experience over the years I was a coach, most of the really negative, nasty stuff that I ran into usually was involved with a fan who'd lost a bet. And I had fans who'd come up and say 'You lost me $1,000' and it was because I put the second team in. ... It will definitely make life harder for the players and coaches."
That's the part I hate about college betting, those big lines, where the cover typically depends more on how the favorite actually plays out the end of the game than anything.  I'd love to see anything over like 21 points be off the board.  That would help with that.

TyphonInc

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Re: OT (sort of) - Supreme Court strike down PAPSA
« Reply #18 on: May 16, 2018, 12:32:34 PM »
MarqHusker is correct. The Federal Ban has been lifted, stating it infringed upon State rights to regulate Gambling. The Ban had exemptions on it, the biggest being Nevada wasn't affected by the ban (and 3 other states had limited access.)

The Columbus Dispatch article I listed above says 16 states to try and pass bills this November, with up to 30 having something on the books the year after.

I really hope Ohio can use this round of legislation to modify the Ohio Constitution Law, that allowed a (duo) monopoly on gambling. 2 companies own all the Casinos in Ohio, with a block to prevent anyone else from owing casino in the state. A man in Cleveland is challenging the law but the Casinos are likely to get it thrown out of court by claiming he doesn't have the means to run a Casino on his own and therefore can't challenge the law.

FearlessF

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Re: OT (sort of) - Supreme Court strike down PAPSA
« Reply #19 on: May 16, 2018, 02:30:49 PM »
Tom Osborne On sports gambling:

"The overall quality of life (in Nebraska) is really about as good as any place in the country right now. There's speculation it would bring in maybe $100 million in sports gambling, and a 7 percent tax on that would be $7 million. But in the greater scheme of things, $7 million isn't a huge amount, and what's going to happen is you will see an increase in dysfunction, more problem gambling, and as the governor said, the social cost will outweigh the financial benefits.

"It gets to the point where people aren't there to watch a great football game. They're there to win a bet. My experience over the years I was a coach, most of the really negative, nasty stuff that I ran into usually was involved with a fan who'd lost a bet. And I had fans who'd come up and say 'You lost me $1,000' and it was because I put the second team in. ... It will definitely make life harder for the players and coaches."
this is what I've experienced with legal gambling
I'm not for the government telling me what I can and can't handle, but some families will suffer
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

FearlessF

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Re: OT (sort of) - Supreme Court strike down PAPSA
« Reply #20 on: May 24, 2018, 05:09:52 PM »
https://news-cdn.wagertalk.com/wp-content/uploads/2018/05/2018-College-Footbal-Games-of-the-Year.pdf

Nebraska is the underdog in three games that appear on an oddsmaker’s list of games of the year.
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

 

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