Some gubernatorial candidates take strong stance on sports betting
May 24, 2018 10:09 AM
by Brett Smiley
It’s been little more than a week since the Supreme Court struck down the Professional and Amateur Sports Protection Act, thereby making sports betting a states’ rights issue. And politicians across the country have wasted little time taking the issue and taking a position on it.
For months, state-level politicians have been on a steep learning curve regarding sports betting. Open hearings in Connecticut and Kansas proved just that – when stakeholders presented to them nuances of oddsmaking, thin margins, regulations and more. Many other states are quickly realizing that in order to execute a fiscally sound and agreeable structure, they must get their tribal partners – who often pay states a hefty tax on current gaming revenues – on board before passing legislation.
But it’s election season and that steep learning curve is, for lack of a better, on hold for some. Thirty-six states will elect new governors in November and in many of those states, sports betting is on the legislative agenda. Of those states, more than a handful see sports betting as a key issue and gubernatorial candidates who favor making sports betting legal in their states are embracing it as part of their platform, pointing to new revenue for states grappling with beleaguered budgets.
Check out sportshandle.com for the full article.
Brett Smiley’s opinions are his own and may not reflect those of GamingToday.