Wichita business owner, sports fans weigh in on legalizing sports betting

by Garry Watts May 15, 2018, 15:08
Wichita business owner, sports fans weigh in on legalizing sports betting

"Sports betting could be another amenity at our Hollywood properties and help generate additional visitation to the properties, as well as drive incremental tax revenue for OH", it said. The first bets could be placed within weeks. "We're aware of the ruling and looking to see what impact it will immediately have on OH policies".

The U.S. Supreme Court on Monday opened the door for states like OH to enter the sports-betting arena, but it remains to be seen whether the Buckeye State is ready to walk through it.

The Las Vegas sports book could be coming closer to home.

Shares of casino and racing facility operators also rose.

"The Pennsylvania legislature saw Sports Wagering as a key element of overall gaming expansion, and took the initiative prior to this decision to authorize Sports Wagering which does provide some guidelines on implementation", he said.

Colorado casinos also welcomed the Supreme Court decision.

Gov. Bruce Rauner, speaking at a news conference Monday, did not take a position on sports betting. But will a company built for a user base who will largely fail as gamblers have more trouble retaining subscribers than the average newspaper?

"It's just not something that you solve in a day or a week or a month", Zenger said. Everyone knows it's always had a chummy relationship with gambling and its professional practitioners, no matter what the league's public stance on sports betting might have been.

Penn National Gaming, which operates Hollywood Casino in Toledo, is interested.

Opponents to sports betting have argued that it could endanger the integrity of the games.

Musburger says sports betting and influence scandals are rare, and all that bookmakers in Las Vegas want is integrity and honesty. But, Bridges said, state lawmakers should thoroughly weigh the pros and cons before deciding whether to legalize sports betting.

It's not talking yet about details.

Still, that's not keeping some from dreaming about placing their bets.

Las Vegas-based Caesars operates 47 casinos in 13 US states and five countries.

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New Jersey sports books will be able to take bets via phone or computer, but not right away.

New Jersey lawmakers have introduced new legislation that would regulate and tax sports betting, hours after the U.S. Supreme Court cleared the way for states to legalize it.

ABC-7 also reached to Sunland Park Racetrack and Casino.

The NCAA said 24 percent of NCAA male student-athletes and about 5 percent of female student-athletes in 2016 reported they had wagered on sports for money within the previous year, which would violate NCAA bylaws.

People have differing opinions on sports gambling.

"The legalization of sports gambling requires an important policy choice, but the choice is not ours to make".

The U.S. Supreme Court overturned a 1992 law that previously banned states from allowing sports betting.

The chairman of the Senate Finance Committee says he'll propose legislation that would establish standards for sports betting that will uphold the integrity of the game, protect consumers and safeguard against underage gambling. By comparison, the state budget this year could face a deficit of billions of dollars. Their huge businesses could be badly harmed if people thought the outcome of games could be altered by someone who had wagered money on a certain result. National Collegiate Athletic Association, No. 16-476, the court ruled that the 1992 law amounted to unconstitutional commandeering. It will likely take years for some states to work out their regulatory frameworks, but gambling research firm Eilers & Krejcik reportedly estimated that 32 states will legalize sports gambling in some capacity by 2023. "But we need to talk about all the possible negative consequences of it and we need to have a conversation of how it will be done before we move forward with anything". On the other hand, the court has said that the federal government may regulate all sorts of things directly and that federal laws pre-empt contrary state laws under the Constitution's supremacy clause.

Many are concerned with the impact this may have on the integrity of the games themselves.

State legislatures can now pass laws approving it, whereas before it was only legal in Nevada.

While it's probably impossible to accurately estimate, experts suggest that illegal betting in the United States is a $50-150 billion business - perhaps significantly more.

The justices struck down the entire federal law on a 6-3 vote, with the court's five conservatives joined by liberal Elena Kagan.

As an example, Swoik cited the law that allowed video gambling, originally sold as a way to help existing bars, restaurants and charitable organizations. Some, including New Jersey, which brought the case to the Supreme Court, have a head start.

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