Sports Betting Should Be Legal

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60 to 70 billion dollars is illegally wagered on college football each year according to CNBC. Sports betting is the activity of predicting sport results and placing a wager on the outcome(wikipedia). Those who believe that sports betting should be legal believe that it’s your money and your decision and you should spend your money however you want. Also they believe that regulation would generate lots of money. Furthermore, advocates of sports betting strongly feel that legalizing sports betting wont stop sports betting. Therefore they will be losing lots of money in taxes by legalizing it. On the other hand those who believe in legalizing sports betting think legalizing sports betting will encouraged match fixing. Also, they think …show more content…

Which means if you were to bet on a sports event ; you will be fine as much as 10,000 dollars or imprisoned for no more than 2 years, Another important event is 1992 professional and amateur sports protection act. This act legalized sports betting for all the states except for a few states. Nevada, Montana, Delaware, and Oregon. Another important event happened in the mid 20th century when Nevada establishes itself as the U.S. sports betting capital. At first in 1951 there was a 10% tax on all sports bets. Later in 1974, Congress reduced the tax from 10% to 2%. I personally think sports betting should be legal. To begin with, advocates of sports betting argue that regulation would generate lots of tax dollars (Heitner, Darren) In other words this will give the Us lots of money. According to Forbes contributor Darren Heitner Legalizing sports betting could make more than 6 billion annually in tax revenues by 2023 (Heitner, Darren). In other words this means the usa could make $6 billion annually in tax revenues by the year 2023. This will give us a lot of money. This says that the us will get a lot of …show more content…

The APA classified sports gambling to cause kleptomania, pyromania and trichotillomania (hair pulling). The disease kleptomania is a recurrent urge to steal, typically without regard for need or profit.(https://g.co/kgs/jXk929). The desire Piromania is an obsessive desire to set fire to things. The disease Trichotillomania means a disorder that involves recurrent, irresistible urges to pull out body hair. Also, Gambling goes through the same brain pathways as drug and alcohol craving(sciencedaily) Also there is a story of an attorney named Shirley. She went on a trip with her friends to las vegas. Around a decade later and she skips work 4 times a week to visit newly opened casinos in

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