Soon, betting on the Bears anywhere will be a literal possibility

1,264 Views | 3 Replies | Last: 5 yr ago by ddc_Cal
71Bear
How long do you want to ignore this user?
https://www.si.com/more-sports/2018/05/14/sports-betting-legal-supreme-court-ruling-analysis

It will be interesting to see whether California jumps into this potentially huge revenue stream.....
71Bear
How long do you want to ignore this user?
71Bear said:

https://www.si.com/more-sports/2018/05/14/sports-betting-legal-supreme-court-ruling-analysis

It will be interesting to see whether California jumps into this potentially huge revenue stream.....
A quick follow-up...

In West Virginia, there is a plan to cut Marshall and the University of West Virginia a slice of the revenue pie. As Adam Silver has suggested, pro leagues should be accorded a "royalty" for providing the action on which people are betting. The same logic could apply to colleges. This may be another source of revenue for Cal.

GivemTheAxe
How long do you want to ignore this user?
71Bear said:

https://www.si.com/more-sports/2018/05/14/sports-betting-legal-supreme-court-ruling-analysis

It will be interesting to see whether California jumps into this potentially huge revenue stream.....

I hate to bet on Cal for a number of reasons.
If Cal loses I feel doubly bad.
Also if the game is closer than expected i normally am happy with any win. But if I should bet I would be unhappy if Cal doesn't beat the point spread.
TandemBear
How long do you want to ignore this user?
Such a shame.

Gambling simply extracts money from the lowest economic rungs of society. This ruling will only accelerate this phenomenon.

We Californians were duped into approving the lottery a few decades ago. We were told it would supplement public education. Nope. (Just like we were told Prop 13 wouldn't take from education.)

"Critics cite examples such as Florida. In 1988, the first year of the lottery in that state, Florida spent 60% of its budget on education. In 1993, with lottery revenues earmarked for education, education's share had declined to 51% despite the apparent windfall. Given variables such as inflation, the annual fluctuations in expenditures, etc., such figures in themselves are not conclusive, but neither do they support the contention that the lottery has improved funding for education.12 A recent study of the impact of lotteries on education funding concluded that "regardless of when or where the lottery operated, education spending declined once a state put a lottery into effect." 13 According to a study by Money magazine, states without lotteries spend a greater portion of their total budget on education than do states with lotteries.14 Gary Landry, spokesman for the Florida Education Association, says "We've been hurt by our lottery...The state has simply replaced general revenues with lottery money - at a time when enrollments are increasing. It's a big shell game." 15"
(https://govinfo.library.unt.edu/ngisc/research/lotteries.html)

Sports gambling can now enter the mainstream in 50 states. Great.

Just another data point in the regressive trends pulling money out of the middle and lower class and pushing it upward.




ddc_Cal
How long do you want to ignore this user?
The lottery is a tax on people who are bad at math.
Refresh
Page 1 of 1
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.