By David G. Firestone
Yesterday, the Supreme Court struck down the The Professional and Amateur Sports Protection Act. The PASPA effectively outlawed sports gambling with a few exceptions. This ruling is going to have major ramifications for sports. Leagues have already come out and said that they oppose this law because, as the NFL argued “The NFL’s long-standing and unwavering commitment to protecting the integrity of our game remains absolute, Congress has long-recognized the potential harms posed by sports betting to the integrity of sporting contests and the public confidence in these events. Given that history, we intend to call on Congress again, this time to enact a core regulatory framework for legalized sports betting. We also will work closely with our clubs to ensure that any state efforts that move forward in the meantime protect our fans and the integrity of our game.”
Amazing how self-serving the NFL really is. Many states need the money that casinos generate to help fund their budgets. Illinois is certainly one of them. Schools, roads, and various other infrastructures need funding, and these new rules will allow them. The NFL doesn’t like that because they aren’t getting their cut. It has nothing to do with integrity, the NFL has proven that they don’t have any in recent years. The NFL wants their cut, but they don’t realize that in the long run, they will. Fans are going to come back, and bets will be placed.
The NBA has said that they are willing to support state efforts, but want federal regulation. The NHL released a vague statement about the future. Major League Baseball is against it, but that is defensible, because of what happened in 1919. I genuinely think that sports leagues will benefit in the long run, but for them to try and make it seem like sports betting is the end of the world is short-sighted, and it makes the leagues look like they put profits above fans…which they do. If the leagues start to embrace this…they will make much more money. Then again, I listen to economists, not talking heads on news shows.