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Offbeat Why legalized sports gambling is a win for millions of fans

00:07  15 may  2018
00:07  15 may  2018 Source:   usatoday.com

Five predictions for how the expansion of legalized sports betting might affect sports broadcasting

  Five predictions for how the expansion of legalized sports betting might affect sports broadcasting There’s been a longstanding complicated relationship between sports betting and sports broadcasting, seen in everything from Jimmy the Greek on The NFL Today through countless veiled references to the line (it’s appropriate that one star of those, Brent Musburger, is now talking about gambling daily) through segments like Scott Van Pelt’s “Bad Beats.” Gambling is a huge Read more The post Five predictions for how the expansion of legalized sports betting might affect sports broadcasting appeared first on Awful Announcing.

Sports gambling in the U.S. is about to be bigger, better and simply a part of our lives in ways it wasn’t before. While that doesn’t mean anyone will compel you to put down in order to consume a game, nobody in America is going to make you feel like a criminal anymore if that’s what you want to do.

More: Why legalized sports gambling is a win for millions of fans . The sports gambling situation in Florida is complicated, in part because there's an amendment on the ballot in November that would require any expansion of casino gambling to be approved by a voter referendum rather than the state

a screenshot of a video game: The Supreme Court ruled on Monday to remove the federal ban on sports betting.© John Locher, AP The Supreme Court ruled on Monday to remove the federal ban on sports betting.

Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft.

Within the next few years, there’s a good chance I’ll be able to walk into my local NBA arena on a Wednesday night, settle into my seat for an otherwise meaningless regular season game, flip on my phone and place $10 on whether the teams will score more or less than 50 total points in the first quarter.

Or perhaps I’ll be able to leave the tailgate before a big college football game, walk half a mile to the sports book at the center of town and come back with a ticket in my pocket laying points on the old alma mater.

Luke DeCock: For ACC, and others, sports gambling ruling will bring inevitable, irrevocable change

  Luke DeCock: For ACC, and others, sports gambling ruling will bring inevitable, irrevocable change The ACC's athletic directors and conference executives were all gathered around a conference table for the first session of the conference's spring meetings when the entire landscape of sports in the United States changed. The Supreme Court's ruling Monday morning that essentially legalized sports gambling - overturning a Federal law that had prohibited individual states from allowing it, beyond those grandfathered in - is a game-changer for the NCAA, college conferences and every professional team and league. It was already on the agenda for discussion tomorrow at the ACC meetings, but now takes on immediate importance.

Many of you, of course, have already been doing these things for years in some form or fashion. In Europe, it's long been legal and prevalent. But for the entirety of our lives as sports fans in the United States, a nonsensical, unfair federal law has.

More: Why legalized sports gambling is a win for millions of fans . Last year, Whyte said, 5 billion was generated in legal gambling and states allocated million for addiction prevention and treatment — less than a 10th of a percent of the total revenue.

Many of you, of course, have already been doing these things for years in some form or fashion. In Europe, it's long been legal and prevalent. But for the entirety of our lives as sports fans in the United States, a nonsensical, unfair federal law has made those activities seem nefarious if they weren’t conducted within the Nevada borders.

More: What it means: Supreme Court strikes down PASPA law that limited sports betting

More: Supreme Court strikes down ban on sports betting in victory for New Jersey

Betting on a horse race? You could do that just about anywhere. Casinos? No matter where you live, there’s one within a few hours drive. Lotteries? Only six states don’t have one.

But if you wanted to bet on an NFL game, you had to go to a black-market bookie or a sketchy offshore website — and many of you did, fueling a multi-billion dollar underground industry that existed for no reason whatsoever other than decades of propaganda and successful lobbying of Congress at the behest of sports leagues and others with a vested interest in protecting the status quo.

5 ways college sports will be affected by legalized sports betting

  5 ways college sports will be affected by legalized sports betting On Monday, the game was changed when the U.S. Supreme Court voted to strike down a federal law prohibiting state-sanctioned sports betting. If they hurry, it’s presumed that someone could go to Atlantic City or their local New Jersey racetrack and place a bet on the NCAA Lacrosse championship game over Memorial Day Weekend. If the casinos and books don’t get set up in time, they’ll certainly be ready to start accepting bets on college football games come September. By then, other states could be ready to accept bets as well.

MORE: Why legalized sports gambling is a win for millions of fans . Although non- sports gambling is not prohibited by the NCAA, Saban said he gets “a little nervous” when Alabama plays in the Sugar Bowl in New Orleans, “because they’ve got that big casino right across the street” from the

More: Why legalized sports gambling is a win for millions of fans . Feldman said the NCAA will be able to continue its ban on sports gambling for student-athletes, even in states where it’s legal . He pointed out the NCAA already does that with certain performance-enhancing drugs that are otherwise

As of Monday morning, however, the veil of nonsense has been lifted. The Supreme Court has thankfully normalized the way millions of people prefer to view and experience sports forever.

With its long-awaited 7-2 decision to strike down the Professional and Amateur Sports Protection Act (PAPSA), the ignition has been turned on a new era that will undoubtedly spark significant changes in the way we consume sports and how leagues operate.

With the power to legalize sports betting handed to the states, it’s now a race to see who can capitalize most on the fact that a whole lot of people like to bet on sports.

In one sense, that may not seem like a huge deal. People have already been betting on sports, in huge numbers and amounts, and now they’ll simply continue to do so in a more orderly and proper venue where their wager will help generate tax income.

On the other hand, this ruling is going to spark the kind of in-your-face change that many folks aren’t used to. Because while horse racing and casino gambling own a tiny sliver of our culture, sports in many ways define our culture. And now they’ll be linked to gambling not with a wink and a nod, but in official ways that will often seem pervasive.

With sports betting legalized, who will hit the jackpot?

  With sports betting legalized, who will hit the jackpot? But just how big that bounty will be remains to be seen, with regulations and taxes still to be ironed outJefferies analyst David Katz is hedging his bets when it comes to forecasting its impact, though he views the ruling as a positive for casino operators. In a recent note to clients, Katz estimated the sports betting market at $1.2 billion to $57 billion and the potential revenue at between $62 million to $2.9 billion for casinos. His wide range of estimates is by design.

MORE: Why legalized sports gambling is a win for millions of fans . MORE: What it means: How soon could states offer legalized sports betting? "We expect that many fantasy sports companies will elect to offer sports gambling products in addition to their fantasy sports games and the FSTA

Luke DeCock: For ACC, and others, sports gambling ruling will bring inevitable, irrevocable change. The ACC's athletic directors and conference executives were all gathered around a conference table for the first session of the conference's spring meetings when the entire landscape of sports in the

Make no mistake, professional leagues will use the interest in gambling as a hook to promote their product while also taking their slice of the pie to boost revenues. Betting windows in the concourse of your local arena? Team-endorsed daily fantasy leagues? A gambling company putting its logo on someone’s jersey?

It’s all on the table.

Some forward-thinking leagues like the NBA will be in position to capitalize on it. Others, like the often-backwards NCAA, could struggle to embrace it and miss out on a remarkable opportunity to increase their fan base and make loads of cash. For a niche sport like horse racing, the opportunity to host a sports book is a potential game-changer that could bring people back to the track in large numbers.

No matter how it shakes out, the days of ESPN’s College GameDay getting push back when it started putting point spreads on its ticker are thankfully long gone.

Sports gambling in the U.S. is about to be bigger, better and simply a part of our lives in ways it wasn’t before. While that doesn’t mean anyone will compel you to put $20 down in order to consume a game, nobody in America is going to make you feel like a criminal anymore if that’s what you want to do.

Goodell: Congress should enact uniform gambling standards for states .
Last week’s Supreme Court decision opening the door for states to sanction sports betting has been met with much speculation.The NFL’s initial response was to ask Congress for “a core regulatory framework” that would govern legalized betting on sports. NFL Commissioner Roger Goodell expanded on that in a statement on Monday that asks Congress to act and outlines four areas that the league believes need to be addressed in any legislation.

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