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MSU Today Says Gambling Regulation a Positive Thing

Tuesday June 02,2015 : ACADEMICS SAY ONLINE GAMBLING REGULATION A POSITIVE THING
 
Both US society and the industry itself would benefit from legalisation, say Michigan State University business scholars.
 
The publication MSU Today carried an article this week describing the US government's attempts to control Internet gambling as "a convoluted mess" that would benefit from properly defined licensing and regulation designed to protect the consumer.
 
The piece references a new study by Michigan State University business scholars, who claim they are the first to estimate the costs and benefits of the Unlawful Internet Gambling Enforcement Act of 2006, and note that despite ongoing uncertainty and confusion stemming from the law, the industry has reacted positively, with the value of publicly traded online gambling firms increasing nearly 3 percent.
 
“The online gambling industry is at the point where it wants controlled regulation,” Mark Johnson, MSU finance professor and study co-author says.
 
“We conclude that both the industry and individuals – including underage and problem gamblers – would be better off if regulation exists.”
 
The piece goes on to give a layman's description of the UIGEA, observing that the US Department of Justice seemed unsure of its own enforcement strategy until 2010. It covers the watershed policy decision by the DoJ in December 2011 that the 1961 Wire Act applied only to sports betting
 
Professor Johnson and his team studied the public value of online gaming firms in the years following UIGEA, finding that values increased when such positive signals were given. The Justice Department’s 2011 ruling, for example, was associated with a 3.5 percent boost in firm values.
 
The team found that globally, the online gambling market has nearly tripled in the past decade, from $14 billion in 2005 to $41 billion in 2015.
 
“Internet gambling is expected to continue to grow,” Johnson observes. “And while it’s unclear which types of online gambling will be and won’t be legal in the future, if the U.S. government more clearly defines ‘legal gaming,’ the benefits and risks associated with investment in all areas of the industry will be altered.”
 
Johnson's paper appears in the Journal of Hospitality Financial Management.



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Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

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MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

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Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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