Legal Sports Betting Expansion Passed By Supreme Court – What’s It All About?

Legal Sports Betting Expansion Passed By Supreme Court – What’s It All About?

I was honored to be invited and take part in a multi-line phone conference today that addressed the law passed on Sports Betting and Expansion and it means with Founder, Les Bernal National Director of Stop Predatory Gambling . org and over 100 phone guests today.

Parents, heads up as YOU need to be informed on what is happening and changes coming with online sports betting. And we are not talking places like Fan Fuel or Daily Fantasy Sports betting either. Today was just the first phone session to have a stradegy on how all of concerned of how this will open door up to another easy gambling venue to our kids.

Especially those not old enough yet to walk into a casino or place state lottery bets or play machines of slots, horse racing, and video poker machines. I wanted to share a little some of 2 articles as well about a young man’s story of how Daily Fantasy got him hooked and just how misleading Daily Fantasy is. And another from last moth about the Surpreme Court Decission on sports betting in general to understand what can happen now …

I look forward to sharing more about this problem of sports betting sites as we need always be informed and educated. Now that gambling is reaching our kids, parents, this IS the time to be aware about your kids and what they are really doing on the Internet! They may not be playing video games. They just might be gambling right from their room … Catherine

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How the Daily Fantasy Sports Industry Turns Fans Into Suckers ~ The New Times Magazine ~ Jay Caspian Kang

 

Full Disclosure: “I am a 36-year-old dude who bores easily, drinks I.P.A.s and wears sports-themed T-shirts, especially ones with faded, nostalgic logos that suggest better times.”

In my early 20s, I developed a gambling problem that I’ve since learned to spread out over a variety of low-stakes games — Scrabble, pitch-and-putt golf, my stock profile on ETrade. I watch somewhere between six and 20 hours of basketball per week. I try to keep up with the usual cultural things — documentaries about conflict in South Sudan, Netflix binge shows, memes — but whenever I find myself awake in the early morning and there is no email to answer and no news to track, I watch SportsCenter, or I scan the previous night’s N.B.A. box scores to check up on Porzingis, or I read some dissertation on Johnny Cueto’s unusual ability to hold runners on first base. It’s not the most glamorous way to spend my time, but what can I do? My mind, at its most aimless, obsessively seeks out sports information. I am, in other words, the target demographic for the daily fantasy sports industry.

Since the start of this N.F.L. season, I have lost roughly $1,900 on DraftKings and FanDuel, the two main proprietors of daily fantasy sports (D.F.S.). I play pretty much every night. This requires me to pick a team of players — whether baseball, basketball, football, hockey or soccer — each of whom have been assigned a dollar amount, and fit them all under a salary cap. I base these lineups on reasonably educated hunches, something to the effect of: I’ll play the Indiana Pacers point guard George Hill tonight, because he’s going up against the New Orleans Pelicans, who have been a defensive train wreck this season, especially on the perimeter.

Also, Monta Ellis, Hill’s back-court partner, is sitting out, which means more of the usage load should fall to Hill. Sometimes, usually while walking the dog, I’ll even sit down on a park bench and check to make sure that at least some of those facts are real. My bets range anywhere from $3 to $100. My losses in D.F.S. are not financially crippling, nor are they happening at a rate that should be cause for concern. But every gambler, whatever the size of the problem, wants to know that he or she has some chance of winning.

The ads, (advertising) I admit, are what got me. For the first 10 months of 2015, DraftKings and FanDuel spent more than a combined $200 million on advertising, a surge that peaked at the start of the football season, when a DraftKings ad ran seemingly every couple of minutes on television. In addition to the ads, many of which showed regular guys like me who had won, in the DraftKings parlance, “a shipload of money,” there were DraftKings lounges in N.F.L. stadiums, FanDuel sidelines in N.B.A. arenas and daily fantasy advice segments in the sports sections of newspapers and all over ESPN, which, during the first weeks of the N.F.L. season, felt as if it had been converted into a nonstop publicity machine for DraftKings. As of August, both companies had billion-dollar valuations and promised weekly competitions with huge payouts and fast and easy withdrawals.


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(Gabriel Harber, the fantasy-sports podcaster, broadcaster and writer known to fans as CrazyGabey, at his home outside Columbus, Ohio, in late December 2015.CreditMaddie McGarvey for The New York Times)

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“Given the current state of online gaming, the next logical question is, ‘Is this site legal?’” Fargis continued. “Happily, I’m able to tell you that fantasy sports games are explicitly protected by the U.I.G.E.A. (the same law that has given online poker so much trouble in the U.S.A.). Instant Fantasy Sports is 100 percent legal in the U.S.A. and Canada.” 

I hope you will visit the link The New Times Mag to read the rest of this article as it has some good information … 

 

 

###################  ~ Now to the next article!

 

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932550272.jpg.0.jpg(Photo by Ethan Miller/Getty Images)

6 winners and 4 losers from the Supreme Court’s big sports gambling decision Loser: sports leagues. Winner: sports leagues.

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