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SUPREMES KNOCK DOWN GAMBLING RESTRICTIONS

By Pete Moore On May 15th, 2018

The supreme court on Monday struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports.

The supreme court ruled 6-3 to strike down the Professional and Amateur Sports Protection Act. The 1992 law barred state-authorized sports gambling with some exceptions. It made Nevada the only state where a person could wager on the results of a single game. […]

The American Gaming Association estimates that Americans illegally wager about $150bn on sports each year.

It’s a bad week for organised crime, which is behind much of the illegal gambling. It’s long amazed me that a country with so many freedoms could have such restrictive anti-gambling laws. Such restrictions were clearly unconstitional and increasingly absurd in a world where gambling has moved online.

25 Responses to “SUPREMES KNOCK DOWN GAMBLING RESTRICTIONS”

  1. despite our gross excesses… we are a still a puritanical people

  2. The UK has had legalized sports betting for ages and it seems to have done them no harm

    The US prohibition to some extent may stem from the 1919 World Series scandal, Fixed by gamblers

    Yes an excellent decision by the US Supreme Court; yes a terrible decision for Organize crime

  3. The UK has had legalized sports betting for ages and it seems to have done them no harm

    The US prohibition to some extent may stem from the 1919 World Series scandal, Fixed by gamblers

    Yes an excellent decision by the US Supreme Court; yes a terrible decision for Organize crime

  4. In Canada its run by the lotteries corporation and is available every where

  5. There was never a strong reason for this prohibition

    Now, legalize recreational pot nationally and you’ll really be getting somewhere.

    There would be no more pot smoking or sports gambling than before, except you would be defunding the mafia, And I fail to see why everyone would not be in support of that

  6. hear hear

  7. Now, legalize recreational pot nationally and you’ll really be getting somewhere.

    There would be no more pot smoking or sports gambling than before, except you would be defunding the mafia, And I fail to see why everyone would not be in support of that

    I will third that.

    Prohibition will never work.

  8. It’s been a great week for Sheldon Adelson. His casinos are now good to go and Trumpo has moved the embassy to Jerusalem, just like Adelson paid him wanted him to do.

  9. //(Sheldon Adelson) casinos are now good to go and Trumpo has moved the embassy to Jerusalem, just like Adelson paid him wanted him to do.//

    Yes. A strange coincidence, isn’t it?

    Why, maybe Trump will soon even threaten to nuke Iran to give Adelson the hat-trick.

  10. Adelson has casinos in Las Vegas – and Vegas I believe has had sports betting already. Nevada AFAIK is the only state that has it.

  11. Yes Phantom, but Adelson can now open in Manhattan. Maybe Trump will lease him part of Trump Tower?

  12. Perhaps.

    The states still the power to control gambling within their borders.

    NY State only permits a certain amount of legal gambling, none of the locations are in Manhattan.

    I’d think that the best way to do sports betting is to not to restrict the activity to casinos in the first place, but to allow the Paddy Power type sports betting shops that you see in England and Ireland.

    In NY state, a lot of the new gambling that exists ( slots, poker ) is allowed in connection with racetracks ( Aqueduct, Yonkers ) helping to prop up a horse race industry in decline

  13. I would expect brain dead over governed states like NY to be very restrictive as to sports betting locations and to who gets to operate them

  14. Didn’t Trump have a casino that went bust in Atlantic City?

  15. Back in Blighty we are waiting for the government to announce tomorrow the new stake limit on fixed odds betting terminals (average payout ratio about 90%, do the math). At present (thanks to Blair’s Labour de-regulating gambling) this is £100 and has made the betting companies vastly profitable and led to a proliferation of betting shops on high streets. Of course it has also lead to massive gambling addiction problems and much social misery, as well as providing a handy outlet for money-laundering drugs proceeds. And also to vast revenues for the exchequer. The word is that the limit will be reduced to a maximum of £10 and maybe as low as £2, despite massive lobbying by the betting companies. We’ll see.

  16. No. He had three casinos in Atlantic City that went bust!!

    https://www.nytimes.com/2016/08/04/nyregion/last-atlantic-city-casino-linked-to-trump-is-closing-amid-a-strike.html

    He wildly overbuilt, especially with the huge Taj Mahal casino, financed by junk bonds. He tried to force business partners to buy Taj bonds, whose value collapsed after many refinancings

    Atlantic City still has a significant casino gambling industry, and they’re doing better over the past few years. AC would have been much better if Trump had never set foot in the place.

  17. “Dressed in a grey hoodie and jeans, James, 24, looks like just another lost soul in the high street, shuttling between the six betting shops in an east coast seaside town. It’s a weekday morning and if you catch up with him inside a bookmaker, you’ll find him peering intently into the green glowing screen of an electronic gambling machine – feeding in £200, “a score at a time”.

    But this is not a young gambler blowing his meagre wages. James is a drug dealer and his interest in the bookmakers – and the fixed-odds betting terminals (FOBTs) in each shop – is all about laundering money. “That’s what turns dirty money clean,” he says. Dealers feed their drug money through the machines, losing a little and then cashing out with the vast majority of their stake, James says. They can then collect a printed ticket showing they have gambled that day – meaning that if stopped by police, they can answer questions about why an apparently unemployed young man carries hundreds of pounds in rolled-up cash…

    The terminals arrived in Britain in 2001 and were lightly regulated from the outset. Punters in bookmakers found that they could bet £100 every 20 seconds on roulette. The temptation of high-speed, high-stake casino games in the high street proved irresistible: there are now 33,345 FOBTs in the UK…”

    https://www.theguardian.com/uk-news/2013/nov/08/gambling-machines-drug-money-laundering-bookies

  18. AC would have been much better if Trump had never set foot in the place.

    So would the White House.

  19. His businesses went bankrupt many times.

    He brags about the fact that he personally made money even as his co investors and suppliers and employees were crushed.

    http://money.cnn.com/2015/08/31/news/companies/donald-trump-bankruptcy/index.html

  20. Peter

    This is why the major US banks would no longer extend him credit for anything at one point. He was always going bankrupt, his credit was no good at all. They lost money on al those deals.

    Deutsche Bank though, loaned him lots of money. Wonder why.

  21. Peter

    You may be interested in this

    https://www.newyorker.com/magazine/2016/08/29/deutsche-banks-10-billion-scandal

  22. Interesting link Phantom, I have read this before, but for the Fox-Limbaa-Jones Trumpistas and their camp followers hereabouts, it will be the usual chant:

    “Nothing to see here, please move along, let’s talk about the Clintons, lock her up!”

  23. roflmao

  24. Maximum stake for fixed-odds betting terminals cut to £2
    https://www.theguardian.com/uk-news/2018/may/17/maximum-stake-for-fixed-odds-betting-terminals-cut-to-2
    really don’t care if people wanna scream “nanny state state” at this new law
    these slot machines are made for addicts, used by addicts. exploited by shark companies.
    you wanna bet more go to to a casino.

  25. Somewhere on Twitter today I saw that England are 12/1 to win the World Cup in July. As the tweeter posted, if you don’t understand betting what this means is that if you bet £100 on England you will lose £100.

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