Sport Supreme Court Ends Sports Betting Ban. What Does It Mean For College Football?

21:30  14 may  2018
21:30  14 may  2018 Source:   collegefootballnews.com

What court's ruling on sports betting means for gamblers

  What court's ruling on sports betting means for gamblers With states such as New Jersey potentially open to take bets in time for the NBA Finals at the end of the month, here is what the ruling could mean.  Removing 'shadiness' and stigmaSports gambling has always existed. According to the American Gaming Association, at least $150 billion a year is wagered on sports, 97% of which is bet illegally through such outlets as bookies, off-shore websites and other establishments  — known as sports books — that take bets on events and pay out winnings.

The U.S. Supreme Court in June agreed to hear New Jersey’s challenge to the federal ban on sports wagering and betting . The case is pitting several states, law enforcement groups and gambling advocates against college and professional sports leagues.

Via @CatoInstitute, Smart Money Is on New Jersey in Sports -Gambling Case "The vote should be 6-3 [in favor of NJ], with Justices Ruth Bader Ginsburg,.US Supreme Court Will Review Legalized Sports Betting Case From New Jersey | What Does it Mean ?

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The Supreme Court has decided to end the federal ban on sports betting, and now … game on.

It'll be done on a state-by-state case basis, but the several states other than New Jersey are ready to jump on board to rake in the billons and billions of dollars set to come in with legalized sports betting in the United States - at least outside of Nevada.

Inevitably, you'll be able to place a wager on your mobile device, you'll be able to wage on halftime lines, prop bets, and all the things many of you probably do now on either an offshore site or with "your guy." But now, it'll all be above board, and it'll all be legalized. So what does this all mean, and specifically, what does it mean for the world of college football?

NCAA to allow championship events in states with sports gambling

  NCAA to allow championship events in states with sports gambling On the heels of the Supreme Court ruling, the NCAA said it will temporarily suspend its current policy and allow states that condone sports gambling to host championship events. In a news release Thursday morning, the NCAA announced that it is adjusting its policy in the wake of Monday's ruling to "ensure championship location continuity." The NCAA's policy had previously prevented states that allow "single-game sports wagering" from hosting championship events.The organization also clarified that Monday's decision does not change its rules prohibiting sports gambling.

Tickets. Created with Sketch. College Football . All bets are off: Supreme Court to review sports betting ban . The state of sports gambling could undergo a major shift now that the federal governement has officially been involved.

American Gaming Association also arguing federal sports betting ban should be struck down. Tossing Out The Supreme Court Sports Betting Case: Does ‘Mootness’ Doctrine Apply?

It'll be tricky early on.

At least by the time football season starts, you might not necessarily be able to live in, say, Missouri, and place a bet in New Jersey. This isn't like the legalization of marijuana on a state-by-state basis, but it's not going to be far off. There will be some states that aren't going to want anything to do with this early on - and then it'll change fast once the revenue figures come rolling in.

No, this won't kill the ways you're probably "investing" right now.

Here's going to be the issue for longtime gamblers - they rates of return aren't going to be as strong.

If the leagues themselves have a part of this - like, if the NBA sets up kiosks in the arenas to place a wager, or if the NFL jumps in with a league-sanctioned way to do it - it'll be safe, and it'll be trustworthy, but they might take a whole lot more of the pie.

Why legalized sports gambling is a win for millions of fans

  Why legalized sports gambling is a win for millions of fans Supreme Court ruling strikes down federal law and puts the power to legalize sports betting in the hands of the states.Load Error

• United States Supreme Court to review New Jersey bid for legalized sports betting . UIGEA exempts fantasy sports games from PASPA’s ban on sports betting . The passage of PASPA in 1992 came at a time when Americans viewed sports betting with more suspicion than they do today.

The discussion draft defines “ bet or wager” to mean the risking of something of value, including virtual currency or virtual What Will College Sports Interests Have To Say In West Virginia Sports Betting Meeting? FanDuel CEO: ‘We Would Get Into Sports Betting ’ If NJ Wins Supreme Court Case.

Think of this like buying tickets for a concert. Yeah, you can do it through any one of a number of corporate entities, but you have to pay a convenience fee. You're probably going to want to wager at the place where you know you won't have to tack on a 5-10% upcharge over what you normally would.

Okay, but for college football …

The big winner? ESPN. Now you're going to watch and care about hot MACtion more than ever on a Tuesday night, and you might just watch that Sun Belt game on a mid-November Wednesday.

The whole idea behind these games were to 1) give the lesser leagues more exposure and 2) appeal to the degenerate types who couldn't wait until Saturday and Sunday to bet.

Now, there will be more and more college games moved to the middle of the week to increase ratings. Now, it'll be a whole lot more fun to watch those games and get into the ins and outs of every team, not just Alabama, Ohio State and the big boys. However …

Sports betting ruling has ripples for US tribes with casinos

  Sports betting ruling has ripples for US tribes with casinos American Indian tribes are weighing an opportunity to offer sports betting in potentially hundreds of casinos across the country after a key decision by the U.S. Supreme Court.

• United States Supreme Court to review New Jersey bid for legalized sports betting . New Jersey winning would mean more competition for Las Vegas, daily fantasy sports and eSports. UIGEA exempts fantasy sports games from PASPA’s ban on sports betting .

Pallone: Does legalizing sports betting bring it into the sunshine, and help sports ← Previous Story Will The NCAA Keep Banning Championship Events In States That Try To Legalize Sports Betting ? Tossing Out The Supreme Court Sports Betting Case: Does ‘Mootness’ Doctrine Apply?

Here's the big, big problem.

Now, college athletics will have to deal with the players who don't get paid.

Legalized sports betting works in the professional model, because, for the most part, the players are making so much coin that it's not worth the risk to mess with monkeying with their games.

Let's say you're a 19-year-old star shooting guard, or starting quarterback, or any college athlete who doesn't have any real money. Yes, there's always been the idea of game fixing and the athletes have always been vulnerable, but now this is different.

There's a difference between some shady character trying to get a player to do something to affect an outcome, and a player telling his roommate or friend to go on their phone and place a wager.

The NCAA is going to have to get involved in this … FAST.

Now, social media accounts from players are going to be more important than ever to scrutinize. The outlets that take sports wagers will have to be vigilant and proactive in figuring out who's placing these wagers - but judging by the recent issues with Facebook and Google, good luck with that.

Legal sports betting coming soon to several US states

  Legal sports betting coming soon to several US states A decision by the Supreme Court means American sports fans will soon have many more places to place legal bets on the results of football, baseball, basketball, hockey and other games. Five states have the edge in the race to legalize sports betting because they've already passed laws contingent on the Supreme Court striking down the 1992 federal ban on such gambling, which the court did on Monday. And Delaware could move quickly to expand the limited legal gambling it has already. Several other states are likely to follow them in the coming months or years as they seek to capitalize on the economic growth and tax revenue that legal gambling can bring.

The Supreme Court on Monday appeared skeptical that a federal law can force New Jersey and the majority of states to ban sports betting . Justice Stephen Breyer a member of the court 's liberal wing, said the case is about telling states what to do , and therefore, it falls within commandeering.

All bets are off: Supreme Court to review sports betting ban . New Jersey winning would mean more competition for Las Vegas, daily fantasy sports and eSports. The most obvious consequence of New Jersey adopting sports betting would be to provide an alternative locale for sports bettors to

Yeah, athletes can bet now offshore, but there's a difference when it's all part of the daily norm.

This will all be fun and games for the rest of us, but there is a dangerous mix happening here when it comes to college athletes.

But get ready for your college football viewing life to be a whole lot more interesting - and a whole lot different.

Game on, America.

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It's not just the major professional sports leagues that are set to be affected by the legalization of sports gambling.With that in mind, representatives from Missouri, Rutgers, and UConn sat in on a conference call with Major League Baseball earlier this week to examine potential plans to net a percentage of money wagered on their events.

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