Sports Gambling Research Paper

Since the beginning of organized sport, there has been gambling on a broad variety of activities, whether legal or illegal, and that is the issue. With the sport industry growing more and more annually, the money within the sports gambling industry drastically increasing, the amount that the local governments are benefiting from this should match up with the rapid growth, but it isn’t. Although it is illegal, it is known by all that gambling on sports is a large market whether it be through illegal bookkeepers, an online website or other ways. Also, with an age of daily fantasy growing rapidly, the argument of whether it is skill or gambling is valid for those believe in legalizing sports betting. With so much money going into an industry,

The states Nevada, Montana, Oregon, and Delaware were then allowed to promote sport gambling within their state, leaving forty-six states unable to do so. Although all four states are allowed to do so, Nevada is the only to allow single game bets, while the others force parlays, multi-bet cards, or allow only one sport, which gives this state the edge in what helps lead to their monopoly of sport gambling in America. Since 1992, the sports industry has grown immensely and looking forward is expected to do the same, and the interest and demand in sport gambling has grown at the same rate if not faster. With Daily Fantasy coming into the sports society, and becoming more and more relevant, the criticism in the similarities to regular betting is growing, and with daily fantasy powerhouses Draftkings and Fanduel merging, that industry is clearly on the rise as

Whether it be League commissioner’s like Adam Silver coming out and supporting the topic, or the drastic change in the opinion from the MLB with former commissioner Bud Selig and current Rob Manfred, the powers that were originally what stood in the way of sports gambling are seemingly switching sides of the argument. In the recent past, Bud Selig referred to sports betting as “evil,” and would “fight it with every fiber of energy that we have,” which seems rather drastic in comparison to Rob Manfred’s opinion which he believes it deserves, “fresh consideration. As for Adam Silver and the NBA, the commissioner has come out and said, “Sports betting should be brought out from the underground and into the sunlight where it can be appropriately monitored and regulated. While those viewpoints may be open to the public, under the radar is the investments made by the various leagues, which are directly connected with companies involved in what could be considered illegal activity. In April of 2015, the NFL became a part owner of Sportradar US, the American connection with a Swiss company that offers up to the moment statistics, which would include odds for bookmakers, and were also directly connected with many offshore “sportsbooks,” which offer illegal betting options in the United States. Shortly after, Fanduel who is partly owned by the NBA, became part owner of a New