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Sport Supreme Court Ends Sports Betting Ban. What Does It Mean For College Football?

21:30  14 may  2018
21:30  14 may  2018 Source:   collegefootballnews.com

Legal sports betting coming soon to several US states

  Legal sports betting coming soon to several US states A decision by the Supreme Court means American sports fans will soon have many more places to place legal bets on the results of football, baseball, basketball, hockey and other games. Five states have the edge in the race to legalize sports betting because they've already passed laws contingent on the Supreme Court striking down the 1992 federal ban on such gambling, which the court did on Monday. And Delaware could move quickly to expand the limited legal gambling it has already. Several other states are likely to follow them in the coming months or years as they seek to capitalize on the economic growth and tax revenue that legal gambling can bring.

The Supreme Court has decided to end the federal ban on sports betting , and now … game on. So what does this all mean , and specifically, what does it mean for the world of college football ? Why legalized sports gambling is a win for millions of fans.

Black America Needs to Turn Off NBA & NFL with Supreme Court Allowing Legal Sports Gambling - Продолжительность: 10:04 tonetalks18 250 просмотров. 2018 College Football Week 1 Odds from The South Point Sportsbook in Vegas - Продолжительность: 15:16 WagerTalkTV915

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The Supreme Court has decided to end the federal ban on sports betting, and now … game on.

It'll be done on a state-by-state case basis, but the several states other than New Jersey are ready to jump on board to rake in the billons and billions of dollars set to come in with legalized sports betting in the United States - at least outside of Nevada.

Inevitably, you'll be able to place a wager on your mobile device, you'll be able to wage on halftime lines, prop bets, and all the things many of you probably do now on either an offshore site or with "your guy." But now, it'll all be above board, and it'll all be legalized. So what does this all mean, and specifically, what does it mean for the world of college football?

Why legalized sports gambling is a win for millions of fans

  Why legalized sports gambling is a win for millions of fans Supreme Court ruling strikes down federal law and puts the power to legalize sports betting in the hands of the states.Load Error

The United States Supreme Court on Monday ended a 26-year ban on betting on professional and college sports . The court ’s decision permits state officials to pass laws permitting books to open on sports such as football , basketball, baseball and other games.

WASHINGTON — The Supreme Court struck down a 1992 federal law on Monday that effectively banned commercial sports betting in most states, opening the door to Placing bets will be done on mobile devices, fueled and endorsed by the lawmakers and sports officials who opposed it for so long.

It'll be tricky early on.

At least by the time football season starts, you might not necessarily be able to live in, say, Missouri, and place a bet in New Jersey. This isn't like the legalization of marijuana on a state-by-state basis, but it's not going to be far off. There will be some states that aren't going to want anything to do with this early on - and then it'll change fast once the revenue figures come rolling in.

No, this won't kill the ways you're probably "investing" right now.

Here's going to be the issue for longtime gamblers - they rates of return aren't going to be as strong.

If the leagues themselves have a part of this - like, if the NBA sets up kiosks in the arenas to place a wager, or if the NFL jumps in with a league-sanctioned way to do it - it'll be safe, and it'll be trustworthy, but they might take a whole lot more of the pie.

What court's ruling on sports betting means for gamblers

  What court's ruling on sports betting means for gamblers With states such as New Jersey potentially open to take bets in time for the NBA Finals at the end of the month, here is what the ruling could mean.  Removing 'shadiness' and stigmaSports gambling has always existed. According to the American Gaming Association, at least $150 billion a year is wagered on sports, 97% of which is bet illegally through such outlets as bookies, off-shore websites and other establishments  — known as sports books — that take bets on events and pay out winnings.

SportsPulse: Supreme Court reporter Richard Wolf breaks down the SCOTUS ruling on sports betting in the United States, and what it could mean for the future of gambling in professional and college sports . USA TODAY Sports .

college football . How the Supreme Court 's Sports Betting Ruling Affects Leagues, Players and Fans. Congress did give New Jersey a chance to become the fifth state to allow gambling before the ban was enacted, but the state failed to pass a sports betting law in the time allotted.

Think of this like buying tickets for a concert. Yeah, you can do it through any one of a number of corporate entities, but you have to pay a convenience fee. You're probably going to want to wager at the place where you know you won't have to tack on a 5-10% upcharge over what you normally would.

Okay, but for college football …

The big winner? ESPN. Now you're going to watch and care about hot MACtion more than ever on a Tuesday night, and you might just watch that Sun Belt game on a mid-November Wednesday.

The whole idea behind these games were to 1) give the lesser leagues more exposure and 2) appeal to the degenerate types who couldn't wait until Saturday and Sunday to bet.

Now, there will be more and more college games moved to the middle of the week to increase ratings. Now, it'll be a whole lot more fun to watch those games and get into the ins and outs of every team, not just Alabama, Ohio State and the big boys. However …

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.

The supreme court on Monday struck down a federal law that bars gambling on football , basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.

Read more: Supreme Court strikes down ban on sports betting in victory for New Jersey. The decision clears the way for states to legalize betting on college and professional sports .

Here's the big, big problem.

Now, college athletics will have to deal with the players who don't get paid.

Legalized sports betting works in the professional model, because, for the most part, the players are making so much coin that it's not worth the risk to mess with monkeying with their games.

Let's say you're a 19-year-old star shooting guard, or starting quarterback, or any college athlete who doesn't have any real money. Yes, there's always been the idea of game fixing and the athletes have always been vulnerable, but now this is different.

There's a difference between some shady character trying to get a player to do something to affect an outcome, and a player telling his roommate or friend to go on their phone and place a wager.

The NCAA is going to have to get involved in this … FAST.

Now, social media accounts from players are going to be more important than ever to scrutinize. The outlets that take sports wagers will have to be vigilant and proactive in figuring out who's placing these wagers - but judging by the recent issues with Facebook and Google, good luck with that.

Sports betting ruling has ripples for US tribes with casinos

  Sports betting ruling has ripples for US tribes with casinos American Indian tribes are weighing an opportunity to offer sports betting in potentially hundreds of casinos across the country after a key decision by the U.S. Supreme Court.

What the Supreme Court 's Decision to Legalize Sports Betting Could Mean for the NFL. With the recent news that the U.S. Supreme Court has overturned a federal ban on sports gambling, the NFL could see in-game prop betting and casino sponsorships sooner rather than later.

college football . The Supreme Court only rejected one particular law, PASPA. It did not rule on other potential laws that the federal government could adopt to regulate sports betting . sports betting supreme court ruling. adam silver. federal ban on sports betting . nba sports gambling.

Yeah, athletes can bet now offshore, but there's a difference when it's all part of the daily norm.

This will all be fun and games for the rest of us, but there is a dangerous mix happening here when it comes to college athletes.

But get ready for your college football viewing life to be a whole lot more interesting - and a whole lot different.

Game on, America.

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