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Will USA get Rid of Professional and Amateur Sports Protection Act
GETTING RID OF P.A.S.P.A. COULD GENERATE BIG MONEY FOR U.S. STATES
Sports betting restrictions could be costing US states millions in lost tax revenue.
Efforts by the American Gaming Association to promote the idea of more widely permitted legalised sports betting in the United States have become increasingly obvious this year, with the trade association holding discussion groups and political panels, and frequently pointing out the potential should the restrictions imposed by the Professional and Amateur Sports Protection Act be removed.
The attempts by the New Jersey legislature to by-pass PASPA, and the consequent series of court actions brought by the sports leagues fighting this, have certainly focused attention on the inequitable situation in the USA created by the federal law.
Coincidentally, statistics from a recent study of the issue by Gambling Compliance Research Services were recently published by the Las Vegas Sun newspaper and indicate that a more widely legalised sports betting industry could produce over $11 billion in GGR.
The study noted the increased interest in the possibilities by land casino operators, and estimated that a more permissive approach in the United States has the potential to earn at least four times the GGR of the current top sports betting nation, the United Kingdom, where GGR comes in at around $2 billion annually.
The GCRS study found that under current PASPA restrictions only Nevada is able to offer full-on legalised sports betting, although Delaware, Montana, and Oregon can also offer slightly more limited services. It is hardly surprising; therefore that Nevada currently leads the field with GGR from this segment of $300 million a year.
Other states flagged by the study as potential money-earners include California (an estimated GGR of $1.3 billion annually) and New York ($900 million)
Last month AGA chief executive Geoff Freeman commented on the issue following the failure of yet another New Jersey court action, observing:
"Washington has a responsibility to fix a failed law that it created nearly 25 years ago. A federal government prohibition has driven an illegal, and occasionally dangerous, sports betting market of at least $150 billion annually.
"Law enforcement, mayors, leaders in sports, fans and many others agree that its time for a regulated sports betting marketplace that protects consumers, communities and the integrity of sports we enjoy."
Freeman has suggested that the best and most practical way forward in the fight for legalised sports betting is not legal confrontations, but for Congress to repeal PASPA and give individual states the opportunity to treat sports betting at their discretion, taking the issue away from national politics.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
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.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
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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.
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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