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California needs to hurry up and get in the sports gambling game

Following the Supreme Court’s recent decision to strike down the federal law limiting sports betting, Delaware and New Jersey quickly legalized it and a host of other states are set to follow. California should join the growing movement to legalize sports gambling so it can reap the financial and social benefits that come with ending needless prohibitions. The 1992 federal law banning sports gambling exempted Nevada and grandfathered parlay betting in Oregon, Montana, and Delaware. The rationale was to “protect sports from becoming a vehicle for promoting gambling among teenagers, ensuring that the values of character, cooperation, and good sportsmanship that have figured so heavily in the growth of athletic competition throughout the ages are not significantly compromised.” By the law’s own standards it failed miserably. Sports still had to battle corruption and point-shaving scandals. Illegal sportsbooks and offshore websites, with few or no age restrictions or consumer protections, flourished and left bettors vulnerable to bad actors. The unregulated, illegal betting market grew to $150 billion a year, according to the American Gaming Association. But the Supreme Court’s decision to reject overreaching federal power over sports gambling offers California a new legalization opportunity, just as marijuana legalization has. California is the largest state to legalize recreational marijuana. Its taxes on legal marijuana raised $60.9 million in the first quarter of 2018, with the Legislative Analyst’s Office estimating the full-year revenue will reach $630 million. Legal sports betting offers the promise of more revenue.

For the original version including any supplementary images or video, visit https://www.ocregister.com/2018/07/06/california-needs-to-hurry-up-and-get-in-the-sports-gambling-game/

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