Essay On Sports Betting Bonanza

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The Author of the opinion article "Politicians, bureaucrats could ruin sports betting bonanza" (Root, W 2018) lays out why he believes that instead of a cash bonanza that the government is killing the golden goose. The article lays out why he thinks that instead of putting the mafia out of business, with the amount of over taxation illegal sports bookies and off shore books are going to be making money beyond their wildest imagination. The law at issue is the Professional and Amateur Sports Protection Act, enacted in 1992. What it did was prohibited states from either operating sports gambling or casinos to run sports gambling. Importantly, the law didn’t make sports gambling a federal crime instead to save money on federal law enforcement, it relied on states’ existing laws. I …show more content…

Root lays out his argument how the government is messing this up by pointing out that this could bring in billions of tax revenue but by over regulating sports gambling they are in fact turning millions of potential new sports gamblers to off shore sports books and mafia run bookies. The NCAA is willing to let Vegas host championships. NCAA's chief legal officer Donald Remy said in a statement that while the organization is still reviewing how court's decision affects college sports, it will "will adjust sports wagering and championship policies to align with the direction from the court.”

Major League Baseball released a statement saying the decision will have "profound effects" on the sport. "Our most important priority is protecting the integrity of our games," MLB's statement continued. "We will continue to support legislation that creates air-tight coordination and partnerships between the state, the casino operators and the governing bodies in sports toward that goal." Fantasy sports companies have announced they would take on line sports bets. Indian casinos they want in on the action. Some tech companies want in on the ground floor by setting up on line

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