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Gambling: Horse Racing And The Lottery

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Are Sports betting and fantasy sports sites legally distinguishable from Horse Racing and the Lottery? As shown in this article sport betting and fantasy sports sites are not legal distinguishable from Horse Racing and the lottery. Betting on fantasy sports is considered a skill and it is not just picking who has the best odds of winning or just having a person with inside information knowing that something illegal is going to happen betting on a team that they think is for sure. Both betting on fantasy sports and horse racing are the same and have little differences between them legally in that you can bet on horses in New York online or at any race track in New York while betting on fantasy sports is like playing a game involving money and …show more content…

This is proving that they are not legally distinguishable from each other in any way. The only way they differ is that one is placing bets on humans and the other is placing bets on horses. They are also the same in that both are considered a sport and betting on a sport is legal while betting on a poker game or other card games is not legal in New York except on Indian reservations. (Ryan) Fantasy sports are not distinguishable from the lottery or horse racing because it is gambling on entertainment not just betting on people or teams. Next is that New York is profiting very largely from allowing horse betting to be legal in New York. New York alone made over $5.4 billion from gambling such as the lotto, horse racing and online fantasy sports.(Blain) I think that all sport betting should be legal not only will New York make more profit it has no distinctive …show more content…

Next is that with no real cases involving horse betting being illegal on reservations it is hard to tell what is making New York decides on what kind of gambling is legal and can be changed by them and what would cause them to legalize all gambling. New York is debating on adding sport betting on from their new stare casinos that have been added in 2017 including Rivers Casino in Schenectady, NY because they are making 15% of profits from all DFS operators which totaled almost $3 million during the first period of allowing fantasy sport betting. This is why i think they should have more leeway on how much or what kind of betting can occur as long as they can try to regulate any kind of

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They suggest the legalization of gambling in Alabama would create 11,000 jobs. Kyle Whitmire feels that gambling is a solution looking for a problem (AL.com). There are negative points about legalizing gambling. It is addictive and could create

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This gives me a huge advantage when I play with my friends. The starting of fantasy football was controversial since it involved a form of gambling, but now days, “the average fantasy footballer spends $100 a year on league fees.” (Mellon). Mike Tierney experienced the ugly side of it when the newspaper where he worked “alerted him to a story on possible gambling in the Police Department.” (Tierney 2).

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The most profitable betting system is one that consistently points out winning situations. With the right betting strategy in hand, you can become the kind of sports gambler your bookmaker has come to

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They also offer market for special event such as Olympics, TV events, and politics. The most popular sports such as horseracing and football offer hundreds of additional betting options. These options are extremely useful when you select your sports betting strategies.

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Gambling has become a very accepted way for governments to raise funds. With the increasing fiscal pressure on state budgets, gambling is increasingly being used to generate revenue through income taxes from casino employees, property tax and individual states required taxes. One may ask does gambling have a positive economic impact? That is how it is sold to legislators, who are told it will provide jobs and profits for businesses, such as restaurants and hotels, and extra revenues for states and cities, often for education (Christian Science Monitor, 2010). What does the governments do with the casino’s taxes?

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Those who have a gambling problem, will spend hundreds to thousands of dollars betting as often as they can get their hands on money. Sports gambling can be more dangerous compared to other forms of gambling because it is so simple for those to gamble on sports. There are many apps and websites where people can literally sit on the couch, on their laptop or phone, and place hundreds or thousands of dollars in bets within just a few minutes. William Hill Sports Books are very popular when it comes to sports betting. They are professionals on what they do and the knowledge they have when it comes to convincing those to put down money on a bet, that could go either way.

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but this is a serious gamble problem that influences bad morals on teenagers, and this is not only a problem that teenagers are gambling but it’s attracting poor people who are already in desperate need. Lotteries are not effective and instead of helping others become “wealthy” it only affects us in a negative way and don’t help us at all. The reason that the lottery doesn't benefit any of us is because in Source F it states “the lottery contributed $691.2 million to elementary and secondary schools. But that sum was only about 8.4 percent of $7.9 billion public education budget.” which sums up the point about it not helping schools at ALL.

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In 2006, the Unlawful Internet Gambling Enforcement Act (UIGEA) established that it was illegal for U.S. citizens to participate in certain forms of Internet gambling, namely casino and sports gambling. While the law was directed at both those parties who provide the services and those who participate, participants have largely been ignored short of being too brazen about their activities. This has allowed U.S. citizens to frequent online sites and take advantage of free bets just like anyone else would from countries where online gambling is legal. One interesting aspect of the UIGEA was a special carve-out for fantasy sports. According to the law, playing fantasy sports is a skill that requires effort, not luck.

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Many people have won and lost large amounts of money from gambling and it has affected their lives more than they ever imagined. Thanks to all the loopholes that these gambling websites have found, it is easier than ever for people to win or lose thousands of dollars a day predicting sports game outcomes. The U.S. government does not include fantasy sports as a form of gambling and so there aren’t many, if any, restrictions on it. This allows websites like Draftkings and Fanduel to make hundreds of thousands of dollars. Banning fantasy sports and puttnig these companies out of business would not be fair to them becuase they follow all the laws and try their best to keep people out of trouble.(The Fantasy Sports

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The lottery can be ethical way to provide money for state funds. The lottery help your state which is how some people justify the gambling, but all of that is true. The lottery provides tremendous income for the state. Some people would say that if they did not tax the lottery people could reuse the money and buy more products which would bring tax back to the state. The benefits of the lottery goes further than just state funds.

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