Legal Sports Betting – The Risk Vs The Reward

Four states had legal sports betting on their books in 1992 when the government banned states from the bookmaking business, and grandfathered in existing legal sports gambling in Nevada, Montana, Oregon, and Delaware.

Of those states, Nevada features a thriving sportsbook business while one other three had various types of lottery games that involved sports. In May, Delaware attempted to participate in Nevada and get an item of the estimated $400 billion that is wagered annually, legally and illegally, on professional and college sports. That attempt was thwarted in August whenever a federal appeals court in Philadelphia ruled that sports betting in the First State would violate the 1992 federal ban.

The crux of the appeals court ruling was that Delaware’s 1976 failed sports lottery didn’t constitute enough of a precedent to permit the grandfather clause of the 1992 law to apply. pengeluaran hk So, at the very least for the time being, legal sports betting in the United States won’t grow outside Nevada sports books and various types of horse and dog racing.

The implications of widespread sports gambling for the African American community are worth discussing. Although Super Bowl is probably the most wagered sports event with $10 billion estimated to change hands, the NCAA Men’s Basketball Tournament is considered to be second, having an estimated $6 to $7 billion wagered legally and illegally.

While Super Bowl players are in many cases millionaires earning hundreds of a large number of dollars for his or her playoff runs, NCAA Men’s Basketball players are unsalaried, often without family money, and in a few eyes ripe for the taking by gamblers. Around three out of four are African American. Are college basketball players particularly apt to be influenced by gamblers, and are college athletes in general at greater risk as a result of proven fact that the payoff for playing college sports is vastly different compared to payoff a master athlete receives from his sport?

Mitch, 52, a typical visitor to Las Vegas sportsbooks during March Madness who played guard for U.C. Irvine’s basketball team in the 1970s, doesn’t think so. “I personally still find it very difficult for someone in a team sport to execute a place shaving scam. While it is possible, I do not think the danger warrants future regulation of legal sports betting.”

The reality would appear to bear Mitch out. While there have been intermittent gambling scandals, particularly in college basketball, since about 1950, there has been no upsurge in known point shaving scandals even as the amount of money wagered has grown exponentially within the last decade.

The final dustup occurred in the early 1990s and involved North Carolina State player Charles Shackleford, who’s African American. ABC News reported that during the 1987-88 season up to four N.C. State players, including forward Shackleford, conspired to keep down the scores of four games inturn for cash payments from the New Jersey contractor. Based on the report, among the games was March 6, 1988, against Wake Forest. N.C. State defeated Wake Forest by four points, after being favored by 16. Based on Shackleford’s lawyer and agent, Sal DiFazio, Shackleford never shaved points, although he admitted taking $65,000 from two men. Shackelford said the amount of money was a loan.

The notoriety didn’t affect Shackleford’s pro prospects. He played six NBA seasons with the Nets, 76ers, Timberwolves and Hornets; plus several seasons in Europe. Would an NBA team employ a non-star if the team believed it could not trust him to play honestly?

Jeff, an executive recruiter in Southern California, has played fantasy football and baseball for years and is fluent in the language of point spreads. His perspective is pragmatic and optimistic. “Admittedly, legalization of gambling is likely to make it a great deal more accessible, but the answer doesn’t lie in controlling access. The specter of expanded gambling is a great exemplory instance of one of our greatest challenges (and opportunities) as a community – we have to emphasize the importance of ethic

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