Gaming Industry Takes National Debate on Sports Betting

[Mike Getchell]

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Gaming Industry Takes National Debate on Sports Betting to South by Southwest

Selected by popular vote, sports betting discussion another sign of public’s growing interest in a regulated, legal sports betting market

Press Release | 10.18.2016

Washington, DC – The American Gaming Association (AGA), in partnership with leading industry experts, has been selected by a popular vote for a first-of-its-kind panel discussion on regulated sports betting at the 2017 South by Southwest (SXSW) conference.

The panel, “Sports Betting: No Longer Taboo for Leagues?” will explore major sports leagues’ long opposition to legalized sports betting and how they are now reconsidering that stance. Partnerships with daily fantasy sports sites and a willingness to place pro sports franchises in Las Vegas – along with a change in the public perception about gambling – calls into question the fate of the current federal sports betting ban, which Congress could soon seek to overturn.

“The current approach to sports betting has failed and is driving a $150 billion illegal, underground marketplace,” said Sara Rayme, senior vice president of public affairs at the AGA. “South by Southwest is a renowned forum for soon-to-breakthrough issues and it’s clear that sports betting is nearing its tipping point.”

In addition to Rayme, the panel will include Andrew Brandt, NFL business analyst at ESPN and director of the Jeffrey S. Moorad Center for Sports Law at Villanova Law School; Daniel Wallach, a leading expert on sports betting law and attorney at Becker & Poliakoff PA; and Gabe Feldman, legal analyst at NFL Network and director of the Tulane Sports Law Program.

Founded in 1987, SXSW convenes industry experts from interactive, film and music industries and will take place from March 10-19 in Austin, Texas. The date for AGA’s sports betting panel has not been released.

AGA estimates that $90 billion will be wagered on NFL and college football games this season. However, $88 billion – or 98 percent – of all bets will be made illegally. NFL ratings have fallen more than 10 percent this year compared to the first five weeks of last season. The federal ban on sports betting is depriving NFL TV partners and advertisers of significantly greater revenue through higher ratings and uniquely engaged viewers, according to a new Nielsen Sports study.

The Nielsen research found that adults who bet on the NFL watched 19 more games in the 2015 regular season – more than an entire season’s worth – than adults who didn’t bet at all and generated more than double the ratings across all major broadcast and cable networks compared to average American adults.

AGA is actively working to build a broad coalition in support of a legal sports betting market. In addition to groups like the U.S. Conference of Mayors, which has signaled a willingness to examine whether the current approach to sports betting is working, AGA has convened law enforcement and the National Conference of State Legislatures (NCSL) in support of taking a fresh look at the current sports betting law.

About AGA: The American Gaming Association is the premier national trade group representing the $240 billion U.S. casino industry, which supports 1.7 million jobs in 40 states. AGA members include commercial and tribal casino operators, suppliers and other entities affiliated with the gaming industry. It is the mission of the AGA to be the single most effective champion of the industry, relentlessly protecting against harmful and often misinformed public policies, and paving a path for growth, innovation and reinvestment.

[Parkview_Pirate]

Rather than explore the sports leagues' opposition to legal wagering, the AGA would better spend its efforts on how to outbid the mob when it comes to greasing the hands of the politicians.

Cause that's how sports betting will become legal.

[upthecreek]

http://www.philly.com/philly/news/po...12acddabc.html

[EasyGoer89]

They seem to not grasp that legal wagering is a Better way to regulate game fixing and shenanigans.

[thaskalos]

If sports betting goes legal...what guarantee does the gambler have that the takeouts imposed by the greedy sports franchises and politicians won't rise to the point where the endeavor will no longer make financial sense for the bettor?

The legal/illegal betting-volume comparisons make for a moot point, IMO...because the illegal bettors won't gravitate to the legal betting outlets...unless they are offered the generous line of credit that the illegal bookies liberally assign.

The illegal bookies aren't thriving because the bettors have no "legal" ways of betting their money. The illegal bookies are thriving because they offer the bettor certain "perks" which the legal betting outlet can't possibly match.

[Jess Hawsen Arown]

I'm one of the few on this board who are against sports betting. Its strictly personal. Another venue for gambling means less dollars to bet on horse racing.

[EasyGoer89]

Originally Posted by thaskalos

If sports betting goes legal...what guarantee does the gambler have that the takeouts imposed by the greedy sports franchises and politicians won't rise to the point where the endeavor will no longer make financial sense for the bettor?

The legal/illegal betting-volume comparisons make for a moot point, IMO...because the illegal bettors won't gravitate to the legal betting outlets...unless they are offered the generous line of credit that the illegal bookies liberally assign.

The illegal bookies aren't thriving because the bettors have no "legal" ways of betting their money. The illegal bookies are thriving because they offer the bettor certain "perks" which the legal betting outlet can't possibly match.

These are fantastic points, the biggest difference is with legal sports betting the legal places require up front payment and you are right about the odds, if the -110 ends up at -115 or something like that, it's not likely people betting with locals are going to want their faces on high tech security systems while betting cash they need up front when they could bet anonymously on credit while getting better odds.