I understand people getting worked up over presidential elections, but sometimes I don’t understand the outrage people have over this type of stuff. So this past Wednesday, all the major sports leagues in the U.S. – NCAA, NBA, NFL, MLB and NHL (let’s not forget them) filed a lawsuit against New Jersey Governor Chris Christie in federal court because he signed a law that allows for betting on pro and college sports at New Jersey casinos and racetracks. Now, the leagues claim that New Jersey sports gambling law violates a federal law that is already in place – enacted years ago. But here is the outrage part – by the way, laws change all the time and so just because something is federally enacted doesn’t mean that it can’t be federally rescinded. The NCAA and pro leagues say “such gambling would not only harm sports leagues and organizations such as the NCAA or the NFL, but would be a flagrant violation of the 1992 Congressional Act, to halt the spread of sports gaming.”
Now, here’s what I don’t get: why is everybody so anti-sports gambling in these leagues? Does anybody remember the Tim Donaghy scandal? Do you know who tipped off the NBA? Vegas!!! They are not your enemy, they’re your alley! Vegas called the FBI and the NBA and said “you’ve got a problem” Use Vegas as your friend, they are not your enemy. Vegas tipped off the NBA or else Tim Donaghy could’ve gone years and convinced other refs to do the same. First of all, sports gambling are here, we love it and it’s not ruining society. “But Andrew, people get addicted…” people get addicted to butter! Don’t blame the beer because you’re an alcoholic and don’t blame the bagel because you’re overweight. People have to be accountable for their own addictions. Is it a moral issue? Well, more wars have been caused by religion than sports gambling. Religious zealotry scares me, who has the over on the Bengals/Ravens game, does not!
Again, I get the outrage on a lot of issues – why do people get worked up over sports gambling? Know a family friend who lived in Vegas for years, there are sleazy people in Vegas, but there’s sleazy people anywhere! This family friend once told us that he found, at the time he was in Vegas, that the people he knew in sports gambling, he found them to be incredibly trustable – it’s a highly regulated business. You know what’s not regulated? Strip clubs! If you’re anti-strip club, you may have a point! The alcohol business – every state and province is different. “In this state, it’s the Wild Wild West…in this state, you can’t drink on the Lord’s Day” But the idea that people get worked up – that I have the Rams at -6, I’ve never understood. Here’s a little secret, sports gambling is already everywhere! Did you know that? Like everybody thinks “Vegas…the evil empire that takes everyone’s money” pfft, did you know that only 4% of NFL bets take place in Las Vegas? I’ve got news for you, there’s already sports gambling in New Jersey – there’s more in New Jersey than in Las Vegas! I don’t know the industry well enough to make big predictions, but I wouldn’t be shocked and I don’t think any of you would be either if sports gambling were legalized on the internet in the next 10 years.
I mean what person have you ever met in New Jersey that says “Bob, it’s not legal for me to bet on the Giants…Guess I’m out of luck!” You want to bet? Go bet! This is like the government trying to stop television viewing. People are doing it, they’re always doing it, its part of our fabric and even if it’s illegal – and there’s a 12% underground economy in America anyways, you’ll never stop it! People are going to drink, they are going to lust, they’re going to gamble, they’re going to eat and they’re going to watch television – you can’t stop it! So legalize it, tax the hell out of it and the state of Jersey could make over $200 million a year! Really? How many are they making on strip joints? Not that much I’d assume! It is amazing how people treat sports gambling – they treat it as if were the Ebola Virus “here it comes!! We’ll bleed from our eyes…run for the hills!” I bet football games people!! Again, is it a moral issue? I mean when the government had prohibition – do you think people didn’t drink? It was more of an underground premium that ever! I simply find that the stigma just forces more illegal activity but if you legalize it, the bad guys go away – they lost their market!
It’s like going to your son and saying “Do not listen to the band Gawr, I do not like that music…that music is evil” You know what your son is probably going to do? He’s going to go to his room and crank Gawr simply because I told him he can’t. But if I say to him “you know what, Gawr is awesome!! Crank it buddy!” suddenly it’s not cool. So again, take away the stigma, legalize it everywhere! “Andrew, but you’ll have game fixing” they’ve had more game fixing in Europe. There was an Arizona State basketball game several years ago that was fixed – sports gambling wasn’t legal in Arizona yet it was legal in Vegas and UNLV games aren’t fixed! Gambling sanitizes when it’s legal, there aren’t any thumb breakers, and there aren’t any loan sharks. We’re going to gamble as a society – get over it!! Legalize it and tax the hell out of it! You can’t stop it! Illegal card room/legal card room – how about we just make them legal and get some tax revenue out of it! Think about it, what vice has the government not gotten a piece out of it?
I think they’re biggest issue is – and here’s the great thing about sports gambling for you and I – and we’re doing it right now and it’s not ruining society. I mean look around our society folks, how many of them are tied to this: you can bet on a Laker game tonight! Are any of our societal ills based on that Laker game 4 months from now? This is not asking to legalize marijuana – there are concerns that it’s a gateway drug, concerns on what it does, I mean we all went to school with corky – he was forget and sort of apathetic. I just never understood and it’s so bizarre! The family friend lived in Vegas, he knew these people who betted on sports for a living – all they really are, when you think about it, are analysts! You’re a hedge fund analyst, financial analyst, insurance analyst and then there’s sports gaming analysts. Hit 58%, manage your money and that’s your living!