Legalized Sports Gambling

[Sugar Dick]

I think we need to legalize sports gambling and tax it (income and excise, and of course estate).  Right now the mob (and college frat guys) control all the revenue from sports gambling and have essentially created a 10% arbitrage known as "juice" (assuming they have the requisite "muscle" to collect outstanding balances) on the amount of money they accept bets on.  This is unfair to the average Joe just trying to make sports "more interesting".

Legalizing this would free up countless federal and state investigators so they may focus on "real criminals" and thus save millions, or even billions, of tax dollars.  It also simultaneously cuts off an arm of "the black market" or "organized crime".  Obviously the only reason it's legal in Nevada is because of "Big Mafia" and their crazy effed up lobby/henchmen the "UAW" and "SEIU".

There are no known "unintended consequences" of doing this, nobody gets hurt, people should be allowed to do what they want with their money.  Win-Win for everyone.  It's already legal in most countries for gods sake.

Talk amongst yourselves.  Not a parody post, I want to gamble on sports (legally).

[stunz]

would it really lower the juice?

i think when poker gets legalized, nothing will change to the rake, which is quite a significant amount.

[michigancat]

Is this a marijuana analogy? 

[T42YS]

Weird (dumb) thread.

[Jeffy]

Cool.  Another regressive tax!

[06wildcat]

I think we need to legalize sports gambling and tax it (income and excise, and of course estate).  Right now the mob (and college frat guys) control all the revenue from sports gambling and have essentially created a 10% arbitrage known as "juice" (assuming they have the requisite "muscle" to collect outstanding balances) on the amount of money they accept bets on.  This is unfair to the average Joe just trying to make sports "more interesting".

Juice is always going to be a part of sports betting, it's essentially house edge. LSBIQ here.

Legalizing this would free up countless federal and state investigators so they may focus on "real criminals" and thus save millions, or even billions, of tax dollars.  It also simultaneously cuts off an arm of "the black market" or "organized crime".  Obviously the only reason it's legal in Nevada is because of "Big Mafia" and their crazy effed up lobby/henchmen the "UAW" and "SEIU".

A certain portion of those resources would be needed to investigate point shaving, outright fixes etc.

There are no known "unintended consequences" of doing this, nobody gets hurt, people should be allowed to do what they want with their money.  Win-Win for everyone.  It's already legal in most countries for gods sake.

Talk amongst yourselves.  Not a parody post, I want to gamble on sports (legally).

I agree it should be legalized, and it would take a big chunk out of mob activities (btw, the mob basically abandoned sports gambling from 2002 until the UIGA was passed in 2006 because online houses were taking most of the action away). There will be consequences from legalized sports gambling, but they'd also be more readily apparent due to it being made legal. Just like drugs. Yay.

[Rage Against the McKee]

Do the police even enforce sports betting laws? I don't know anybody who has ever gotten in trouble for it.

[06wildcat]

Do the police even enforce sports betting laws? I don't know anybody who has ever gotten in trouble for it.

In larger cities, a lot of vice units will bust bookies and the like from time to time. It's pretty easy for it to get trumped up to a felony RICO charge too.

[asava]

I think we need to legalize sports gambling and tax it (income and excise, and of course estate).  Right now the mob (and college frat guys) control all the revenue from sports gambling and have essentially created a 10% arbitrage known as "juice" (assuming they have the requisite "muscle" to collect outstanding balances) on the amount of money they accept bets on.  This is unfair to the average Joe just trying to make sports "more interesting".

Legalizing this would free up countless federal and state investigators so they may focus on "real criminals" and thus save millions, or even billions, of tax dollars.  It also simultaneously cuts off an arm of "the black market" or "organized crime".  Obviously the only reason it's legal in Nevada is because of "Big Mafia" and their crazy effed up lobby/henchmen the "UAW" and "SEIU".

There are no known "unintended consequences" of doing this, nobody gets hurt, people should be allowed to do what they want with their money.  Win-Win for everyone.  It's already legal in most countries for gods sake.

Talk amongst yourselves.  Not a parody post, I want to gamble on sports (legally).

great little post conservabro. can't believe you would be for sports gambling and not for pots...