Scotus legalizes sports gambling outside Vegas.

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NealyFan
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Re: Scotus legalizes sports gambling outside Vegas.

Post by NealyFan » May 14th, 2018, 5:41 pm

First, it didn’t legalize anything. It struck down a federal law prohibiting states from legalizing it.

Second, states are still free to regulate or ban it.

Third, sports betting has been de facto legal for decades. Regulation is better than a prohibition that is never enforced.

Fourth, the big money from sites like Draft Kings is too good for states to pass up.

RichardZ
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Re: Scotus legalizes sports gambling outside Vegas.

Post by RichardZ » May 14th, 2018, 5:43 pm

WWC, I am with you. I poke around on slots and 21 if I am on a cruise or hit Las Vegas every ten years, but history has shown me I might have more fun throwing my wallet into the street.

Those huge buildings didn't get there or continue to operate by losing money.
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WIldWIllieCat
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Re: Scotus legalizes sports gambling outside Vegas.

Post by WIldWIllieCat » May 14th, 2018, 5:46 pm

Yeah. I totally get "entertainment dollars", but I've come to the conclusion that money just means too much to me to make gambling enjoyable.

It should also be noted that despite WE's best effort to make this a partisan issue, it's really not(but who is really surprised...).

"The Trump administration had urged the high court to uphold the law...."


"Congress could try to step in again. Sen. Orrin Hatch said he would soon introduce legislation to set national standards for sports betting..."


"Former Republican Gov. Chris Christie tweeted that it was a 'great day for the rights of states and their people to make their own decisions'” The state’s current governor, Democrat Phil Murphy, said he was 'thrilled' to see the high court strike down the “arbitrary ban.”
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Re: Scotus legalizes sports gambling outside Vegas.

Post by Number8son » May 15th, 2018, 10:27 pm

Gamblers lose in many ways.

The tax law tries to discourage gambling.

Winnings above the line...losses deductible only to the extent of winnings...itemized deduction.

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Re: Scotus legalizes sports gambling outside Vegas.

Post by WildcatEngineer » May 16th, 2018, 8:33 am

I have only been in one Sports Book and that was in Lake Tahoe before the Stanford game. My wife and I ate dinner there. It was in a pretty small room off of the main Casino. I did not make a bet, but the numbers, listing of games, multiple TV sets playing games, and that "place your money here" Carney atmosphere was much more appealing to me than the slot machines or tables.

Get ready for Aps and Mini Mart kiosks and marketing campaigns to lure you to bet on your favorite team.

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Re: Scotus legalizes sports gambling outside Vegas.

Post by billsnydersplaybook » May 16th, 2018, 10:03 am

Curious as to what the DMC/MAC position on this topic and gambling in general is?

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Re: Scotus legalizes sports gambling outside Vegas.

Post by NealyFan » May 16th, 2018, 11:24 am

billsnydersplaybook wrote:Curious as to what the DMC/MAC position on this topic and gambling in general is?
I suppose it depends on whether the Democrats are for or against it.

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Re: Scotus legalizes sports gambling outside Vegas.

Post by MajorAppleCat » May 16th, 2018, 1:10 pm

billsnydersplaybook wrote:Curious as to what the DMC/MAC position on this topic and gambling in general is?
I have no problem with legalized gambling as long as it is heavily regulated.

Although, like most vices there will be societal costs for those who engage in such activities such as depression, gambling addiction, chemical dependency and crime. Those communities who want gambling see it as a means of increased tax revenue; while others will see the problems and the costs associated with it. It is history repeating itself... similar to the old west and saloons.

Should society pay for the person who loses their home and savings to gambling?

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Re: Scotus legalizes sports gambling outside Vegas.

Post by NealyFan » May 16th, 2018, 7:17 pm

There is much more corruption and less transparency in our major stock exchanges than there is in sports betting.

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Re: Scotus legalizes sports gambling outside Vegas.

Post by Sct_N_VA_Cat » May 17th, 2018, 5:16 am

NealyFan wrote:There is much more corruption and less transparency in our major stock exchanges than there is in sports betting.
When oligarchs 'play' in either investments/betting, they play to win &/or dominate

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