Sports wagering is a freedom, not just a source of state revenue

The Missisippi Gaming Commission voted unanimously Thursday on the proposed regulations for sports betting in the state

Had Congress made sports betting criminal - which it has not yet done - the sports gambling case this week would have been moot.

And also: Two powerful figures have pumped the brakes on the issue in recent days.

"I don't think we're anywhere to close to (quick implementation)", said state Rep. Mike Sanders, R-Kingfisher, who also serves as the House Majority Leader.

Churchill Downs Inc. wasted little time taking a step on this new frontier. Are there more vexing issues we have to face than sports betting? After, none publicly committed to endorsing legal sports betting in MA. The Professional and Amateur Sports Protection Act of 1992 halted the spread of legal sports betting beyond states that had already allowed it. "Instead of managing a hedge fund for stocks, you can mange one for sports betting". Alito acknowledged this authority, but said that Congress's power to pre-empt state law only relates to laws in which Congress regulates citizens directly, not to laws regulating the states.

"Monday's U.S. Supreme Court decision regarding the state's rights to permit sports betting is important to New Jersey's harness racing industry". On Monday, the United States Supreme Court demonstrated that laws should generally mirror the societal mores and attitudes of those who must abide them. State-level money transmitter licensing issues are a major regulatory issue for blockchain or cryptocurrency companies that might want to support sports betting, Dugas said. Fourteen others, including California, are considering legislation.

But, for that to happen, each state will have to authorize it statutorily. Estimating the potential size of that market is not easy. "If this can help generate revenue for states and be regulated and controlled, if you look at Las Vegas, they've found a way to do it".

Tax or betting levies is another big factor. National Basketball Association and the National Collegiate Athletic Association are to name a few of the organizations. Want to bet against him?

"There's obviously a huge underground sports wagering business that's going on", Selig said.

"You're now going to see casinos, if they don't already have race and sports books, interested in putting those in", Waldrop said. More than a dozen other states now are considering bills that would do the same thing, though Virginia is not - at present - among them.

All of this bodes well for the independence of the states in the areas where they are free to govern.

I guess that headline should read "End of an Era" but the former is far more appropriate than the latter.

Take an article written during the week in "The New York Times".

"Bettors place wagers before the game and during it".

It is not unusual for there to be 500 different betting lines on a single game, it said, before pointing out that even Britain's Queen Elizabeth is known to "fancy a flutter". William Hill reportedly plans to offer the same menu as its Nevada offering when it opens at Monmouth Park in New Jersey in the near future. "Tribes feel like they have somewhat an exclusivity to it". They have a regulator. Would that be limited to professional events or sports the specific individual does not play or coach? We don't have one.

"We've been fighting for this for seven years and we will move quickly to get the law in place, but it has to be done right, with the regulations, oversight and financing in place", he said.

In Ireland, there is no sign of a row back on anything and neither is there a sign of a betting regulator, a decade after then Justice Minister Dermot Ahern said Irish laws were "past their sell-by date".

"This isn't something that we'll address anytime soon, because it's still up to the people of California and the legislature to take action", said Smyth.



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