Books > Bettors in 2014 (record breaking year)

[Mr_Mark]

and they don't want to legalize and regulate this cash cow?


http://espn.go.com/chalk/story/_/id/12253876/nevada-sports-bettors-wagered-lost-more-ever-2014

Wagers, bettor losses set record


Nevada sports bettors wagered more -- and lost more -- than ever in 2014.
The state's 187 sportsbooks won $227.04 million off of the $3.9 billion wagered on sports in 2014. Both amounts are all-time records, according to Nevada Gaming Control.
[+] Enlarge <cite>Rob Carr/Getty Images</cite>Russell Wilson and the Seahawks' Super Bowl XLVIII victory was also a huge win for Nevada sportsbooks.




Football, per usual, carried the load. The sportsbooks won $113.73 million on college and pro football in 2014, a giant 40.73 percent increase from 2013. Overall, $1.74 billion was bet on football in 2014, $12 million more than in 2013. Nevada Gaming Control does not track pro and college football separately, but sportsbook managers estimate the NFL accounts for around 55-60 percent of their annual football handle.
The year got off to a big start, with the books winning a record $19.6 million on Super Bowl XLVIII between the Seattle Seahawks and Denver Broncos. It continued into this season. From September through December, the books are up $98.16 million on football.
In comparison, the books won $54.2 million on basketball and $21.2 million on baseball in 2014. Both numbers were down, 8.36 percent and 26.88 percent, respectively, from 2013.
The increase in sportsbooks offering online apps for wagering certainly played a role in the increase, according to Nevada Gaming Control senior research analyst Michael Lawton. Sportsbook operator CG Technology said 69 percent of bets were placed on its app in 2014. In addition to CG Technology, William Hill, Boyd Gaming and the South Point casino also offer mobile sports wagering.
"[Sports] betting volumes have set records in five consecutive years and win totals have set records in three consecutive years." Lawton said. "This year without a doubt, sports betting was the growth story."
Despite the growth, sports betting still has a long way to go to catch the other revenue-producing casino games. Nevada casinos won $1.06 billion on blackjack and $2.62 billion on penny slots in 2014.

 

[Betallsports]

one day the U.S. Government will learn .. one day

 

[Akillies]

however strip casino revenue was down

 

[Willie99]

one day the U.S. Government will learn .. one day

it's all about special interests and powerful politicians, nothing more

 

[Willie99]

In 1992, the NCAA and the professional leagues successfully lobbied Congress for special interest legislation to prohibit states from adopting any “lottery, sweepstakes, or other betting, gambling, or wagering scheme” based on any reference to a professional or amateur athletic competition. This law, known as PASPA (“Professional and Amateur Sports Protection Act”), permitted the four states where sports wagering was already legal, notably Nevada, to continue their activities. New Jersey was also given a one-year window to consider legalization.
The legislative history of PASPA is largely confined to a single hearing before the Senate Judiciary Committee’s Subcommittee on Patents, Copyrights and Trademarks, which took place on June 26, 1991. The NCAA did not send a representative to the hearing, but then-executive director Richard Schultz submitted a letter in support of the legislation. The key witnesses were the three major sports commissioners: David Stern from the NBA, Paul Tagliabue from the NFL and Fay Vincent from MLB.
All three followed the same talking points. They claimed that any attempt to further legalize sports gambling would irreparably harm the reputation and integrity of their respective leagues. “We do not want our games to be used as bait to sell gambling,” Tagliabue told the subcommittee. “Sports lotteries inevitably foster a climate of suspicion about controversial plays and intensify cynicism with respect to player performances, coaching decisions, officiating calls and game results.”
David Stern claimed it was a matter of defending the leagues’ intellectual property rights from third-party infringement:

Conducting a sports lottery or permitting sports gambling involves the use of professional sports leagues’ games, scores, statistics and team logos, in order to take advantage of a particular league’s popularity; such use violates, misappropriates and infringes upon numerous league property rights. …the NBA – like other sports leagues – owns the rights to its games and the manner of their exploitation.


http://www.saturdaydownsouth.com/2012/sports-leagues-battle-gambling/​

 

[Willie99]

passed the Senate 87-5
passed through the House without an official roll call
Signed by Poppy Bush (41)

even though the Justice Department in 1992 adamantly opposed the bill, calling it an infringement of state's rights. I guess the justice department back in 1992 naively believed the constitution still mattered

I can't believe this law can't be overturned in the SC based on state's rights, since the law is not a constitutional amendment, but I'm not a legal scholar and I might be missing some intricacy