Weed, now Gambling…Prostitution is next.
while this is the correct ruling some families are getting ready to get hurt. just like with stock trading (and people going bankrupt). this stuff should be legal and now some people won’t know when to stop and lives will be ruined.
it’s just the way it is.
Really? So homosexual marriage? The right to keep and bear arms?
Good. Why should it be illegal?
Weed is next.
Extended families even.
Some numbers just flashed on the CNBC screen stating that sports gambling in the US, including illegal gambling, totals in $117b - $270b per year.
Assuming a house share (vig) of 10% that makes it a $12b-$27b per year industry. Whatevet form it takes (gambling by phone, in a bar or only at the casino), it’s likely to grow.
Not earth shattering, but definitely of economic significance.
Nope, same sex marriage is covered by the 14th equal protection clause.
Allan
I’m all in favor of legalized sports gambling, but it DOES seem to me that it is interstate commerce so Congress DOES have the authority to regulate it or outlaw it. Apparently the court ruled otherwise.
I note here that historically, in 1933 a NY chicken farmer who fed his chickens NY feed and sold his NY chickens at a NY market to New Yorkers was deemed to be engaged in interstate commerce and therefore Congress’s established minimum wage applied to him and his employees.
By my none-too-researched way of looking at it the Court doesn’t give a crap what is and is not interstate commerce and therefore Constitutional. If the Court likes abortion and likes gambling, then neither states nor the federal gov’t cannot outlaw them. If the Court dislikes low wages and black colored weapons then states and the Congress can EACH have the power to outlaw them.
Ya know. I really don’t like Chia pets.
What am I missing?
The court has been known to stretch itself into interstate commerce on many occasions including marijuana laws
this ruling should actually boost the economy and probably renew interest in our #1 sport. why won’t we see gambling centers in every state now??
Yes, congress can regulate or outlaw sports betting.
what they cannot do is commandeer a states legislature to do its bidding.
thats exactly what the feds were doing to Jersey.
Allan
what are you missing the part alito wrote in his opinion.
“congress can regulate sport gambling directly, but if it chooses not to do so each state is free to act on its own”
Allan
So Congress erred in granting exemptions to 4 states. SCOTIS ruled “all or none.” Is that it?
Yep. That is correct. congress etched out those 4 exemptions in PASPA than made the other state legislatures do the feds dirty work.
Jersey challenged and won.
Allan
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Well that makes sense. S Jersey (where Congess prohibited sports gambling), and Delaware (where Congress allowed it), are opposite sides of the same bay.
Anyway it seems Unconstitutional that Congress should legalize sports gambling in one state but not another.
Meant to say that the average poker player is really bad. But even the very best player can’t beat a game where the stakes are small (e.g. $3/6 limit) with a $5 house drop.
Sounds like paying $5 to use a pool table and then betting $5 a game.
It is, a sure fired money loser for entertainment only.
Just like playing video games,
playing golf,
boating,
water skiing,
going to rock concerts
sitting in the stands watching baseball or paying for cable tv. Only the house wins
Increasingly i am seeing a SCOTUS that is restoring authority to States on matters where the fed interfered where it had no Constitutional authority to interfere.
So anyway. CNBC doesn’t analyze this according to “what it means to gamblers,” or “what it means to John W. Public.”
From the financial/economic angle however, the multiple analysts speaking on 2 different days were pretty unanimous that if this ruling means (only) opening up sports gambling to more casinos in more states then the whole story is a yawner.
OTOH if it means regulated publicly-trusted sports betting in bars, coffee shops and via smart phones, then it could have quite an impact.
I’ll go along with that.
