I was honored to be invited and take part in a multi-line phone conference today that addressed the law passed on Sports Betting and Expansion and it means with Founder, Les BernalNational Director of Stop Predatory Gambling . organd over 100 phone guests today.
Parents, heads up as YOU need to be informed on what is happening and changes coming with online sports betting. And we are not talking places like Fan Fuel or Daily Fantasy Sports betting either. Today was just the first phone session to have a stradegy on how all of concerned of how this will open door up to another easy gambling venue to our kids.
Especially those not old enough yet to walk into a casino or place state lottery bets or play machines of slots, horse racing, and video poker machines. I wanted to share a little some of 2 articles as well about a young man’s story of how Daily Fantasy got him hooked and just how misleading Daily Fantasy is. And another from last moth about the Surpreme Court Decission on sports betting in general to understand what can happen now …
I look forward to sharing more about this problem of sports betting sites as we need always be informed and educated. Now that gambling is reaching our kids, parents, this IS the time to be aware about your kids and what they are really doing on the Internet! They may not be playing video games. They just might be gambling right from their room … Catherine
Full Disclosure: “I am a 36-year-old dude who bores easily, drinks I.P.A.s and wears sports-themed T-shirts, especially ones with faded, nostalgic logos that suggest better times.”
In my early 20s, I developed a gambling problem that I’ve since learned to spread out over a variety of low-stakes games — Scrabble, pitch-and-putt golf, my stock profile on ETrade. I watch somewhere between six and 20 hours of basketball per week. I try to keep up with the usual cultural things — documentaries about conflict in South Sudan, Netflix binge shows, memes — but whenever I find myself awake in the early morning and there is no email to answer and no news to track, I watch SportsCenter, or I scan the previous night’s N.B.A. box scores to check up on Porzingis, or I read some dissertation on Johnny Cueto’s unusual ability to hold runners on first base. It’s not the most glamorous way to spend my time, but what can I do? My mind, at its most aimless, obsessively seeks out sports information. I am, in other words, the target demographic for the daily fantasy sports industry.
Since the start of this N.F.L. season, I have lost roughly $1,900 on DraftKings and FanDuel, the two main proprietors of daily fantasy sports (D.F.S.). I play pretty much every night. This requires me to pick a team of players — whether baseball, basketball, football, hockey or soccer — each of whom have been assigned a dollar amount, and fit them all under a salary cap. I base these lineups on reasonably educated hunches, something to the effect of: I’ll play the Indiana Pacers point guard George Hill tonight, because he’s going up against the New Orleans Pelicans, who have been a defensive train wreck this season, especially on the perimeter.
Also, Monta Ellis, Hill’s back-court partner, is sitting out, which means more of the usage load should fall to Hill. Sometimes, usually while walking the dog, I’ll even sit down on a park bench and check to make sure that at least some of those facts are real. My bets range anywhere from $3 to $100. My losses in D.F.S. are not financially crippling, nor are they happening at a rate that should be cause for concern. But every gambler, whatever the size of the problem, wants to know that he or she has some chance of winning.
The ads, (advertising) I admit, are what got me. For the first 10 months of 2015, DraftKings and FanDuel spent more than a combined $200 million on advertising, a surge that peaked at the start of the football season, when a DraftKings ad ran seemingly every couple of minutes on television. In addition to the ads, many of which showed regular guys like me who had won, in the DraftKings parlance, “a shipload of money,” there were DraftKings lounges in N.F.L. stadiums, FanDuel sidelines in N.B.A. arenas and daily fantasy advice segments in the sports sections of newspapers and all over ESPN, which, during the first weeks of the N.F.L. season, felt as if it had been converted into a nonstop publicity machine for DraftKings. As of August, both companies had billion-dollar valuations and promised weekly competitions with huge payouts and fast and easy withdrawals.
(Gabriel Harber, the fantasy-sports podcaster, broadcaster and writer known to fans as CrazyGabey, at his home outside Columbus, Ohio, in late December 2015.CreditMaddie McGarvey for The New York Times)
“Given the current state of online gaming, the next logical question is, ‘Is this site legal?’” Fargis continued. “Happily, I’m able to tell you that fantasy sports games are explicitly protected by the U.I.G.E.A. (the same law that has given online poker so much trouble in the U.S.A.). Instant Fantasy Sports is 100 percent legal in the U.S.A. and Canada.”
I hope you will visit the link The New Times Mag to read the rest of this article as it has some good information …
################### ~ Now to the next article!
(Photo by Ethan Miller/Getty Images)
6 winners and 4 losers from the Supreme Court’s big sports gambling decision Loser: sports leagues. Winner: sports leagues.
“On Monday, the Supreme Court struck down a 1992 federal law and in the process paved the way for states across the country to legalize sports betting. The end of the Professional and Amateur Sports Protection Act (PASPA) could fundamentally change how Americans interact with the sports they love. It will be great news for some and bad news for others.”
Winner: The gaming industry
The American Gaming Association, the main lobbying group for the country’s casinos, has been pushing for legalized sports gambling for years. Casinos stand to make a lot of money once states across the country start making sports betting legal. There’s a ton we still don’t know about what legal sports betting will look like, including which states will offer it and how much of it will be online. But it’s a good bet that brick-and-mortar casinos will be among the first places allowed to offer it. They stand to make lots of money.
“I think it’s gonna be interesting,” says Richard McGowan, a Boston College management professor who has written six books about the gambling business. “I think most states originally are gonna say, ‘Alright, we’re just gonna allow at the casinos.’ And then they’ll do it a little bit online, and then there’ll be all kinds of different ways of doing it, so we’ll see.”
Loser: The big sports leagues
The NCAA was officially the other party in the case New Jersey brought to the Supreme Court. The NFL, NHL, NBA, and MLB had all sided with the NCAA. The leagues have maintained for ages that sports betting poses a threat to the integrity of their games. They have never been fans of outside groups — like casinos and offshore bookmakers — making money off their sports without giving the leagues a cut.
Winner: Also the big sports leagues
Whatever moral or integrity case the leagues had against sports gambling might fade to the background quickly, because they’re positioned to make lots of money on it. That money could come from different sources. The leagues are likely to push Congress and/or states to impose what’s commonly called an “integrity fee,” basically a tax on sports bets that sportsbooks would pay to the leagues for hosting bets on their sports.
Even if the leagues don’t get an integrity fee built into state or federal legislation, there are a million potential revenue streams. Legal sports gambling would create a lucrative advertising market for leagues, where betting operators pay them for public exposure.
In the right legal environment, leagues could attach betting software to their online offerings, like baseball’s MLB.tv or football’s NFL Game Pass. There might also be licensing revenue for leagues to make from sportsbooks. There are plenty of cash-grab opportunities.
Winner: Sports media outlets
Including SB Nation. When people have money on sporting events, they’re more likely to watch them and look up information about them. Legal sports betting should lead to more people risking money on games, which should drive up TV ratings and story clicks.
Like the leagues, media companies are free to hunt other lines of business that might come with sports betting’s legalization. That could include starting their own betting apps in places that allow it and writing more about gambling news, to name a few ideas.
Loser: Las Vegas, at least a little bit
Vegas has been the hub for legal American sports betting for decades, much more than the other three states that had varying forms of legal sports betting after PASPA passed in 1992. It will hurt Nevada casinos and sportsbooks when other states open their borders to legal sports gambling, according to basic supply-and-demand principles. On the other hand, Vegas has survived the expansion of casinos in other states. Maybe its gaming industry will adjust again and avoid losing too much revenue to outside sports betting.
Winner: New Jersey
Speaking of other states getting sports gambling: New Jersey is going to have it soon. Voters in the Garden State decided in a 2011 referendum that they wanted sports betting to bolster struggling casinos in Atlantic City. Federal courts had blocked the state from implementing its voters’ will, arguing that PASPA prohibited Jersey from legalizing sports betting. It’ll be in local casinos soon. Both Chris Christie and his Democratic successor as governor, Phil Murphy, have hailed the court’s decision as a huge win for their state.
Loser: Offshore and black-market sportsbooks
The spread of legal sports betting will not kill the black market. Under-the-table bookies still have one big advantages legal casinos don’t: They can offer credit to bettors and not require bets to be paid and settled up front. Does that encourage people to take on terrible gambling debts that can ruin their lives? Yes. But it’s a boon to illegal bookmakers, and they’ll still be able to capitalize on people’s addictions in this new climate.
But illegal sportsbooks will still lose some business, as will offshore operations based in Latvia, Costa Rica, or wherever. Just as there are still illegal cigarettes and illegal marijuana in places where cigarettes and weed are legal, there will still be illegal sports betting. But there will be less of it where people are allowed to participate without any legal risk.
Winner: Sports’ integrity
Legal sportsbooks can tell leagues when a weird, inexplicable betting trend starts right before a game. Illegal sportsbooks can’t. The leagues might be the ones getting a fee, but bringing more sports betting into the light should limit opportunities for cheating.
Loser: Federal power ~ Winner: States’ rights advocates
At its core, New Jersey’s case wasn’t about sports betting. It was about states’ and the federal government’s regulatory authority. New Jersey argued (and a majority of the Supreme Court justices agreed) that by banning states from legislating an issue Congress hadn’t, the federal government was “commandeering” New Jersey’s state regulatory power.
This ruling invalidated PASPA and effectively told Congress to figure out something new if it cares about sports betting. As Samuel Alito wrote for the court’s majority:
Congress can regulate sports gambling directly, but if it elects not to do so, each State is free to act on its own. Our job is to interpret the law Congress has enacted and decide whether it is consistent with the Constitution. PASPA is not. PASPA “regulate[s] state governments’ regulation” of their citizens.” … The Constitution gives Congress no such power.
This decision could easily impact other walks of American life. It was about a lot more than whether you can walk up to a window in Indiana and bet on a Pacers game.