first_imgFacebookTwitterCopy LinkEmailShare Some states were getting ready to jump into sports gambling even before the U.S. Supreme Court legalized it last week, lining up legislation that would allow their states to cash in as quickly as possible on millions of dollars in tax revenue.New Jersey, which won the high court case, and Delaware, with its racetracks, could be the first to benefit, potentially hosting sports gambling in a matter of weeks. Mississippi and Pennsylvania also expect to see legal betting soon.But gambling experts warn that starry-eyed lawmakers might be overestimating their haul from legalized sports betting. Differences in state tax structures, competition for a limited market of gamblers, the push for a federal framework and the continued allure of black-market betting all could cut into the hoped-for windfall.A 2017 study by Oxford Economics, conducted for the American Gaming Association, estimated that sports betting could become a $41.2 billion industry — including “downstream impacts” as well as spending by bettors — and contribute about $3.4 billion in taxes to state and local governments.That “may sound like big money — but it isn’t,” said Lucy Dadayan, a senior policy analyst at the Rockefeller Institute of Government.The estimated $3.4 billion represents less than 0.3 percent of total state and local revenue, she said. It’s naive, she added, to think sports betting will be “a budget saver.” Historically, revenue from expanding gambling deteriorates over time, she said. And much of the “new” gambling money that flows in is shifted from other forms of betting.“Most certainly it will generate some revenues for the early-adopter states,” Dadayan said, “which will encourage other states to follow suit and legalize sports betting.”That could give early states an advantage. And they’re anticipating wins.“Great!” said West Virginia Gov. Jim Justice after the ruling. “I think it’s great because, to be perfectly honest, today we all know there’s a lot of illegal sports betting going on,” Justice, a Republican, told West Virginia reporters.About 20 states have considered sports gambling legislation in 2018, but only West Virginia’s has passed. Mississippi and Pennsylvania enacted theirs last year.Connecticut also now has an authorizing law in place, and New York is getting close, according to legalsportsreport.com, an industry website and newsletter tracking wagering laws. Oregon enacted legislation decades ago that could also be used to sanction sports gambling.Dustin Gouker, the newsletter’s editor, said revenue “is a hard thing to forecast.” He said even if states legalize sports betting, the black market — with estimated wagers between $50 billion and $100 billion a year — is not going to disappear.“Legal books are going to do well because they are legal and trustworthy,” he said. “But offshore books offer anonymity and are tax free,” he said, referring to illegal books based in other countries.In Nevada, where it has been legal since 1984, sports wagering makes up an increasingly higher portion of overall gambling revenue, according to statistics compiled by David G. Schwartz, director of the Center for Gaming Research at the University of Nevada Las Vegas. In 2017, sports wagering made up 2.2 percent of the casinos’ take, a historic high.Depending on how the sports gambling is structured in a state, it may or may not cut into the illegal sports gambling market, or other types of gambling, Schwartz said. He also noted that Nevada gambling revenue overall is still below its pre-recession peak.Observers think the gambling industry, like any other industry, will consider states’ tax and regulatory structure when deciding whether to get involved. New Jersey, with its Atlantic City casinos, and Delaware, with its racetracks, already have some gambling rules in place for the legal betting that goes on there now.Pennsylvania, another racetrack state, has a 34 percent tax on sports bet winnings, far above that of Nevada, which has a 6.75 percent tax on sports betting. Legislation in Indiana would have set a 9.25 percent sports wagering tax on casinos.“We have to make sure that we don’t price our own casinos out of the industry,” said Republican state Rep. Alan Morrison of Indiana, whose sports wagering bill failed this year. “If the taxes are too high, the folks who are setting the lines will not be able to be competitive with those who are not being taxed at all.”Another wrinkle: In states with prominent professional or collegiate sports teams, those organizations might get a cut of the revenue. Several states and professional sports leagues are lobbying for “integrity fees,” ostensibly to fund efforts to make sure that the sporting events are legitimate, but which have been criticized by the gambling industry as just another way for the sports leagues to make money.Sports leagues, leery of navigating different regulations in multiple states, are calling on Congress to write federal legislation that would regulate the sports betting industry nationwide, partially based on the “integrity” issue.“Congress has long-recognized the potential harms posed by sports betting to the integrity of sporting contests and the public confidence in these events,” an NFL spokesman said in a statement after the ruling. “Given that history, we intend to call on Congress again, this time to enact a core regulatory framework for legalized sports betting.”U.S. Sen. Orrin Hatch, a Utah Republican, said he will soon introduce broad sports gambling legislation designed to “protect honesty and principle” and set federal standards, while allowing individual states to still regulate the wagering within their borders.Meanwhile, states are pushing ahead. Chris Grove, the lead analyst at playusa.com, which tracks and promotes legal and regulated gambling, thinks some will take more time than others.“Despite the decision, the process of regulated sports betting spreading across the United States will be a gradual one,” Grove said. “Some states will act quickly; others will be more deliberative. Some states will ultimately decline to authorize regulated sports betting.”Morrison, the point man on legal sports wagering legislation in Indiana, still anticipates new sports gambling operations that could bring in millions.Morrison and a colleague in the Senate were shepherding legislation this year, but they ran into competing constituencies, not the least of which was the NCAA, headquartered in Indiana, which was opposed altogether. The bill died.The NCAA has reluctantly acknowledged in the past week that the Supreme Court’s ruling changes things. And now, in light of the ruling, Morrison, a Republican, is on the trail to get wagering legislation revived and passed next session.last_img read more

first_imgThe HSE has done a U-turn on its decision to axe a nurse from Arranmore Island.The health authorities had decided the current Public Health Nurse, Susan McGarvey, would be replaced with a part-time registered nurse on the Donegal island.The action has led to anger among the island’s 500 strong population. There was uproar over the decision, first reported on Donegal Daily last week.Speaking after the HSE reversal, Deputy Pearse Doherty “Having met with the Action Group for this campaign in Arranmore on Monday, I was aware of the strong opposition to this decision and the anger felt by many residents on the island. Having discussed the issue directly to the management of the HSE, I am delighted that on this occasion common sense won out and this decision was reversed.“On a small island such as Arranmore, which has seen more that its fair share of cutbacks, a resource such as a full time district nurse is invaluable, particularly in the case of a medical emergency, when access to medical care is limited. It is important that this resource is retained on a full time basis into the future.“I would like to commend the community of arranmore island for the stance that they took to protect the resources on their community. The mobilisation of the people of the island in opposition to the removal of the full time district nurse position was clearly instrumental in bringing about this result.”   NURSE POSITION ON ARRANMORE ‘SAVED’ AFTER HSE U-TURN was last modified: January 28th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more