• The KillerFrogs

SCOTUS - PAPSA is illegal (sports betting will be left to each state)

MAcFroggy

Active Member
The supreme court ruled today that PAPSA (Professional and Amateur Sports Protection Act) is illegal. This will pave the way for legal sports betting in the USA outside of Las Vegas. The federal government could still regulate sports gambling, but not in the way that PAPSA was worded. For the time being various states are going to regulate sports gambling as they see fit, but I would not be surprised if the sports leagues lobby for a federal regulation on sports gambling. Not banning it but just regulating it in certain ways (potentialy having an integrity fee go to the leagues to monitor sports gambling).

Supreme Court Opinion: https://www.supremecourt.gov/opinions/17pdf/16-476_dbfi.pdf
 
Making it legal here in the U.S. is just going to mean more juice from bookmakers. The leagues want a cut and they had lobbying power. So their deal was yeah, we'll lobby for it to be legal but we're going to want 25% "integrity fee". Which would make everything -130, you can't win long term with that. Bookmakers don't care though because they know idiots will still overpay for dumbass parlays.
 

Mean Purple

Active Member
Various pro sports/leagues will just license their data/stats. PGA will make a ton off of this. Odds makers and those place bets will likely see less gain.
 

ftwfrog

Active Member
I have very little faith in any “lawmaker” in Austin doing anything that would make life any more fun for all of us deviants. Like Big Frog said, we’ll have to drive north.
 

Limp Lizard

Full Member
You just named three states I don’t want to be compared to.
And I am sick of all that Texas money going there. But a fare amount of it is coming back to Austin to prevent casinos, I guess. Lots of new boats and vacation homes for the Texas congressmen.
Casinos in those states is just another "sin tax" on Texas citizens.
 

Frog-in-law1995

Active Member
The issue is deeper than just whether gambling is immoral or not. Casinos usually bring statistically significant increases in crime and bankruptcy, and invariably bring lower property values to nearby areas. They do not support economic growth. And for every dollar the state gains in tax revenue, a Texan will have lost anywhere from a few to several. Casinos are a disproportionate and sometimes crushing tax on the poor and elderly.

At this point, I’d support casinos along the state borders to keep Texas money from going to out-of-state casinos, but not sure about the idea of expanding to metro areas. Probably be ok with sports betting shops and even poker rooms, though.
 

BrewingFrog

Was I supposed to type something here?
Tilman Fertitta has been heaving bucketfulls of money at Texas Legislators for several sessions now, trying to make Galveston Island a legal betting zone. With this decision by the Big Supremes, all that previous investment will likely pay off...
 

Eight

Member
Tilman Fertitta has been heaving bucketfulls of money at Texas Legislators for several sessions now, trying to make Galveston Island a legal betting zone. With this decision by the Big Supremes, all that previous investment will likely pay off...

don't you mean money laundering
 
I could be wrong here, but pretty sure the PAPSA (Professional and Amateur SPORTS Protection Act) ruling has no impact on traditional casinos - I.E. slots, blackjack, poker etc.

Either way, going to be very interesting. On the one hand, easier access means more public (fish) money in the betting pool allowing for a greater edge. Furthermore increased liquidity will mean it is easier to place large bets without moving the line. On the other hand, I don't see the sharp bettors moving away from their offshore books if they can get a -110 there vs. -120 on the "legal" market.

Re point shaving by college athletes, that is comical. Many people don't understand this, but Vegas is better at policing that sort've activity than anyone else. If there is even the SLIGHTEST inkling that something fishy is going on, they shut that [ Finebaum ] down. They police themselves, the athletes and the referees better than anyone else. At the end of the day point shaving hurts their books more than the average Joe can comprehend.

Also, it's extraordinarily easy for anyone to find a local bookie. IMO, people would much rather bet on credit with a local bookie, get paid in cash and avoid taxes entirely than register for an account with a state run casino that and have the government tax the living hell out of anything they win over a relatively modest amount (i.e. $600 in some states) by issuing them a W9.
 
Top