Tuesday, May 15, 2018

Sports betting? Will it cause greater corruption? I didn't think the NFL could be more corrupt?

Roger Goodell should be in prison right now for massive fraud.

How does that happen? The NFL looks the other way to minimize the outrage and financial impact. But, the government? No one is acting to end this widespread fraud in the NFL? Citizens were ripped off. They spent a lot of money for tickets, travel and merchandise, yet the fraud was allowed to exist. Why aren't the people boycotting? Why aren't they demanding action against the NFL and Goodell? 

Now, there is going to be sports betting and the odds are never going to be accurate. The games are fixed.

Within the States Rights legislature needs to be a strong structure against corruption, otherwise, the fascination of the better will be short lived due to corruption.

May 14, 2018
By Richard Wolf

Washington – New Jersey won a landmark ruling (click here) from the Supreme Court on Monday that could lead many states to legalize betting on college and professional sports.

The justices declared unconstitutional a law passed by Congress a quarter century ago that forced states to keep sports gambling bans on the books. The 6-3 decision clears the way for other states to join Nevada in allowing bets to be placed on individual games.

Justice Samuel Alito, a New Jersey native, wrote the court's opinion in the case. Justices Ruth Bader Ginsburg and Sonia Sotomayor dissented, and Justice Stephen Breyer dissented in part.

"Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own," Alito said. "Our job is to interpret the law Congress has enacted and decide whether it is consistent with the Constitution."

New Jersey wanted to increase GDP, economic engagement and increased jobs. Where are the jobs coming from? If this betting is online, that does nothing to increase jobs. Therefore, is the betting only at the casinos? If that is the case will it actually increase tourism and attract people who want to wager on games or intergame betting?

The GDP will go up somewhat, but, the people involved in the betting is already known. After the initial novelty, the economic impact is already known. What happens to increase that? Will casinos actually benefit? There should be no illusion about the GDP opportunity. That effects the spending the government and taxes. New Jersey already has several horse racetracks, both Thoroughbred and Standardbreds. The state's GDP is already fixed. If the game betting is exclusively online, there will be little change because of the hacking and intrusion of cybercrime. The state will spend more on cybercrime rather than receiving an uptick in GDP, it will become a burden. I think states need to think this through. Game betting should be an economic enhancement to the people and not another burden.