Options
Legal sports betting will force the NCAA to allow payments to athletes.
Coinstartled
Posts: 10,135 ✭✭✭✭✭
in Sports Talk
Probably a mistake for states to ok wagering on college games, but big money is on the table so they no doubt will. Now the college basketball/football player is not only supporting the entire athletic program with his labor, but enriching the gaming industry and state coffers as well.
Many schoolteachers have gone on strike recently for higher wages, I'd expect unpaid athletes to follow suit by Spring 2019.
1
Comments
I’ll bet you this won’t happen now that legal to do so
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
You are in Arizona right? There was a strike there that lasted a while and a family member said the teachers union screwed over its own members to end that strike , I was curious if that was true . They basically rejected a deal and went on strike and after a while the union signed off on it regardless.
Strike lasted a week and teachers will receive a 20% hike between now and 2020. Rub was that no pay hike was included for support staff.
Governor put together a budget that would make David Copperfield blush, to make it work.
I'm guessing that many states, perhaps most states, will continue to ban sports betting on college athletics.
Frankly, despite the eventuality of gambling on professional sports becoming legal in a number of states, I can't see colleges promoting it, or say allowing advertising of it on their campuses, etc.
So since in my opinion the colleges won't have any financial benefit from legalized sports gambling, this would not factor in to any discussion about the NCAA allowing payments to athletes.
True if only professional sports are sanctioned. Whole 'nother kettle of stew if wagering on college is permitted.
In Arizona the governor would sell the Grand Canyon to raise money. We will stay tuned.
Legalized betting on top flight high school football and basketball games will inevitably happen also.
I don't see the correlation between the two.
I always thought the sketchy dudes in the stands at high school games were there staring at cheerleaders , but some of them look too depraved to be pedophiles so it fits they probably are betting on the game.
Radio caller just brought up a great point. State lottery holds 50% of the revenue. Non gimmick sports betting throws off only 5% of the gross. Are the States going to be happy with that paltry cut?
Why not? It's not like the government has expenses or competition similar to a normal business. They can basically hire as many new people as they like, and if the venture of legalized sports betting even shows an overall loss, the government doesn't care. Because their family, friends, etc, now employed by the government, are being paid with the new cushy government jobs regulating and making rules for the new gambling businesses...and the taxpayers will make up for any losses.
Smart jurisdictions will wait a year and let the other guys screw it up first.
Smart is not easy to find these days.
I'm not sure what they will screw up? I mean the states aren't going to make book. The states will hire a "reputable" Las Vegas book for that such as those who now do it for the casinos. Betting odds fluctuations will be tied in to overall betting monies flowing in.
If some sports gambling "genius" out there now thinks that they are going to find arbitrage positions among the states and make a killing, better guess again. The states may make some mistakes as you imply, but allowing a sharp betting ring to take a lot of money from them isn't going to be a mistake they make. The states will carefully gather advice from Las Vegas bookies on how it's effectively done to prevent that.
Other than that, what do you suggest that the states may screw up? If you care to elaborate...if not, no problem.
I live in a state that gave $8000 credits for the purchase of alternate fuel vehicles several years ago. Golf carts unintentionally qualified and the taxpayers got suckered for tens of millions of dollars. I live in the state that cut a deal with Amazon allowing them to build a major DC near Phoenix that was exempt from charging AZ sales tax. Took many years in court to unfubar that one. Taxpayers of Glendale have gotten soaked by the shylock deals to bring in the Cardinals stadium as well as a NHL venue.
My city got hosed by MLB, Microsoft, Caterpillar, Comcast, Monsanto and Slimfast. Nearby University got shafted by RichRod and Sean Miller.
Our Senators are John McCain and Jeff Flake.
You don't think that we have the capacity to screw up sports wagering?
Oh I see...i was thinking along the lines of the basic operation of the sports betting.
Yea for sure, many states know how to screw up their general operating procedures.
But no matter how bad your state has been, take pride in the fact that at least it's not Illinois.
Debate is whether to hand the franchise to the Indians which hold exclusive license to casino gaming in the state or to the 50 or so existing OTB sires in Arizona. I suspect that the governor has other options up his sleeve as well. If the pro teams end up with1% of the gross and the system developers get a point and a point or two goes to the venue, not much is left for the state. At least not for taking on what might be a Pandora's box.
Best to sit back a year and observe the ones who get it right (and wrong).
The states at this point in time in the year 2018, I don't think really care about the overall revenue in this sports gambling venture. Only what goes to their patronage job creation...and there will be an awful lot of that.
I'm sure there's a long line to the governor's mansion, folks carrying an apple pie to give to the governor, in return for a cushy patronage job paying six figures a year with fat benefits, for doing perhaps ten hours a week of actual work, easy work at that.
The Supreme Court ruling gives each state the ability to legalize or not legalize sports betting within their state. It's not a matter of the state setting up a sports book and taking bets. The state can/will pass legislation that makes it legal and they will collect tax revenue from whatever company ventures into the business within that state (most likely an already established sports book).
If a sharp betting ring grabs money from a gambling business, they are grabbing money that would have went to the state in taxed profits from the gambling business. The states are not going to allow that to happen. And...the states are not going to allow gambling businesses to use any random book or odds system they want, in which some sports game might quickly open up with ridiculous odds to allow the business's relatives and friends a chance to make an enormous bet with the chances to win money, strongly in their favor, and then adjust the odds accordingly for the betting public.
There are countless schemes and scams which could take place in this situation. Yes as mentioned, the initial states legalizing this will strike a bonanza for their family and friends with patronage. However if too many stories come out about corruption, then the next state governor could very well decide to shut down this gambling.
So the state legislators initially setting up the rules and regulations are going to have an absolute iron grip on everything that goes on.
It will also be interesting to see if the states will allow these gambling businesses to have affiliate commission programs as is done with online poker. We all should know by now that the big money being made by players in online poker is not in playing the game, but getting others to sign-up for the game and reaping commissions off the rake from their play.
April 15, 2011 also known as Black Friday in the online poker world, basically ended the affiliate commission programs in the US. Legalized sports betting, if there are affiliate commission programs, could revive many of the same clever hustlers who were touting online poker.
Not likely...and a four year ride at UM, USC or Northwestern is not a bad pay day
Experience the World through Numismatics...it's more than you can imagine.
Great payday at Northwestern as the athletes are also qualified to benefit from the rigorous education. Stanford as well. At Michigan and USC if you can play, you are in. Many of the bogus degrees earned by the athletes are worthless.