In a 6-3 decision in the case Murphy vs. National Collegiate Athletic Association, SCOTUS ruled that because Congress exceeded its constitutional authority when it passed PAPSA. In essence, Congress tried to prohibit state legislatures from repealing their existing statues that outlawed sports betting. Under a line of Supreme Court precedent known as the anti-commandeering doctrine, federal efforts to coerce states into enforcing federal law are unconstitutional violations of the Tenth Amendment.
To say this is just the beginning would be cliché, but what SCOTUS has wrought with its decision will have lasting consequences that go far beyond sports betting.
The document summarizes key findings from a presentation about women and esports. It found that 15% of esports viewers in the US are female, representing over 7 million viewers, but the industry primarily targets male audiences. It also discusses the importance of increasing female representation and engagement in esports to help the industry grow. The presentation aimed to explore how women can play a crucial role in the growth of esports.
Three news stories are summarized:
1) Mitt Romney continues to benefit from a divided Republican opposition in South Carolina as his rivals struggle to find momentum or a strong challenger.
2) Former Penn State coach Joe Paterno speaks out for the first time since being fired, saying his assistant was vague about details of alleged abuse but that he reported it to his superiors.
3) Police in Anaheim, California question a man in connection with the latest stabbing death of a homeless man, the fourth such killing in the area in recent months.
The New York State Attorney General Eric Schneiderman has targeted the daily fantasy sports sites DraftKings and FanDuel, alleging they are operating an illegal gambling scheme. This has sparked controversy as many fantasy sports players believe the sites offer a game of skill rather than chance. Opinions on the Attorney General's actions are mixed, with some supporting regulation but others believing the government should not interfere with private citizens' fantasy sports activity.
A report explores emerging trends in global sports post-pandemic. The pandemic accelerated existing trends and compelled the sports industry to rethink fan engagement. A new era of digital fan engagement will emerge that prioritizes authentic storytelling and sharing experiences across multiple touchpoints to keep fans constantly engaged. Technologies like 5G, extended reality, and AI will further enhance immersive fan experiences beyond the stadium.
Fantasy sports has grown exponentially from its early origins in the 1960s to a $15 billion industry today. Over 41 million people in North America play fantasy sports, with the majority spending over $100 per year on league fees and other costs. Fantasy sports players are highly engaged sports fans who spend significantly more time following and consuming sports media than average fans. The growth of daily fantasy sports sites that offer real money prizes has further increased consumer engagement with sports. Fantasy sports has changed the sports viewing experience and given fans and brands new ways to interact around sports.
SALT Alert
SALT Top Stories of 2016
December 20, 2016
SUMMARY
While 2016 saw its fair share of important state and local tax developments, this year may best be remembered as a time in which many fundamental issues were set up for dynamic resolution in the coming year. For example, on the remote seller nexus front, while federal legislation on the subject failed to advance this year, many states took matters into their own hands by enacting legislation and inviting litigation at the state level to address how to require remote sellers to collect and remit sales and use tax. Courts and legislatures addressed the ability of states to subject businesses with a lack of physical presence to entity-level taxes imposed by Ohio and Nevada. Based on these developments, consensus is beginning to build towards a judicial or Congressional determination, which could come as early as next year, on the power of a state to subject out-of-state businesses to all types of taxation that may eviscerate the historic Quill physical presence standard set forth by the U.S. Supreme Court.
FULL ALERT ATTACHED
Please note: SALT Alerts are posted to our external GT web site within 24-48 hours and can be accessed using the following link www.gt.com\SALTalerts. Should you wish to forward this SALT Alert to your client immediately, please use the attached PDF file. SALT Alerts are also available via RSS feed and our twitter feed.
Global insights audio-slides-07-27-11-modifiedtyandros
The document discusses the rapid expansion of laws and regulations in the US, arguing that this undermines the rule of law and free market capitalism. It notes that regulations have increased from a few dozen criminal statutes to over 4,500 federal crimes today. Many laws lack requirements to prove criminal intent. The Dodd-Frank and Affordable Care Act laws are criticized as being overly long and complex, influenced by lobbyists, and not read or understood by lawmakers. The conclusion is that this overregulation kills incentives for businesses to invest and will lead to depression.
Adult video gamer market in the u.s. tapping into the new diversity of video ...MarketResearch.com
The document summarizes a report on the adult video gamer market in the US. It finds that over 114 million American adults, or 52% of the adult population, play video games. The typical gamer is now just as likely to be a woman as a man. Younger gamers are driving growth, but the market is diversifying to include 25 million adults over age 55, 13 million retirees, and 28 million grandparents. The report analyzes gamer segments and finds that gamers are active consumers who represent opportunities for retailers and financial services.
The document discusses the rise of the fantasy football industry. It has grown into an $18 billion industry due to the large number of fantasy players, around 57 million in the US and Canada. Daily fantasy companies like DraftKings and FanDuel have contributed greatly to this growth. Some 'shark' players have been able to dominate daily fantasy contests and earn over $500,000 per year by utilizing analytics, algorithms, and entering hundreds of lineups. While daily fantasy companies argue their games are ones of skill, there is ongoing legal debate around whether they constitute gambling.
Impact of Expanded Gambling in New HampshireSteven Clift
Impact of Expanded Gambling in New Hampshire
Understanding Markets, Revenues, Social Costs and Economic Impact
What’s At Stake
Discussion Guide Materials
See: http://whatsatstake.unh.edu
This document summarizes how lawyers are learning project management techniques from other industries like engineering and contracting. It discusses how project management has become more popular in the legal field in recent years, with lawyers now able to get certified in it. Project management involves outlining the steps of a legal matter, defining its scope and cost upfront with the client, and monitoring commitments. While some lawyers see it as just a new term for what they already do, others believe it is a new approach that clients increasingly demand to control legal costs.
Casino owners battle over online gambling 14-02-12Oliver Grave
The casino industry is split over whether to expand into online gambling. Casino owners like Jim Murren of MGM Resorts advocate for expansion into online gambling, seeing it as the future of the industry. However, billionaires Sheldon Adelson and Steve Wynn oppose online gambling and have launched an advertising campaign against it. They argue social costs outweigh revenues from online gambling. The debate comes as many states consider legalizing online gambling, which could be worth $13.4 billion annually but may also cannibalize existing casino revenues. Both sides are hiring political strategists to influence lawmakers and the public over the issue.
This business proposal evaluates opportunities within the Miami Heat organization to improve the fan experience and solidify its brand. The Miami Heat has been one of the most successful NBA franchises on and off the court, valued at $2.3 billion. The proposal identifies using new technologies like those used by the Lakers and Kings to engage fans during games through predictive games and incentives. It recommends working with Microsoft to implement these features on their existing Azure platform to keep fans engaged throughout games, regardless of score. Meeting with other teams and Microsoft would be required to scope and implement the new technologies.
The document discusses the medieval morality play Everyman. It depicts the story of a man named Everyman who is approached by Death and told he must make amends with God before death. Everyman pleads for more time but is only given time to set his affairs in order. He tries to get Good Deeds to accompany him to God but is refused. With the help of Knowledge, Everyman realizes he must confess his sins and seek forgiveness to enter heaven. The play teaches that death is inevitable and one must repent and be righteous to attain salvation.
The Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA) in 2018, deeming statewide sports betting legal under the 10th Amendment. PASPA had banned sports gambling for over 20 years, but the Court ruled it violated the anti-commandeering doctrine by forcing states to comply with federal regulations. Legalized sports betting is now up to each state to decide and is expected to greatly increase the $150 million in annual illegal sports wagers. However, some issues around protecting athletes and moral objections to gambling remain unresolved.
Similar to SCOTUS Launches New Economy with Legalized Sports Betting (7)
Is Technology Removing the ‘Care’ from Healthcare?MSL
The document discusses a roundtable report on the implications of the Topol Review for the pharmaceutical industry. The Topol Review explored how to support digital healthcare technologies in the NHS. The roundtable addressed questions about ensuring personal care in a digital environment, bridging digital divides, and benefits of technologies like genomics and AI. Key points discussed included the need for patients to be partners, addressing skills and access issues, and the industry needing to adapt to remain relevant in a changing healthcare system focused on personalized care.
MSL partnered with research firm Toluna to survey 1,846 marketing and communications leaders from Brazil, China, France, Germany, India, Italy, Poland, United Kingdom and the United States.
Powered by AI: Communications and Marketing in the Algorithm AgeMSL
MSL partnered with research firm Toluna to survey 1,846 marketing and communications leaders from Brazil, China, France, Germany, India, Italy, Poland, UK and US. We partnered with our colleagues at sister agency Publicis.Sapient who are experts in counselling companies and brands on the AI revolution.
A look inside the endless debate between traditional and digital media.
For more information write to Joshua Gardner, Vice President & North American Lead, Global Energy Practice, MSL | joshua.gardner@mslgroup.com
Our current consumption patterns are stretched to breaking point. Few would argue the need to fix our systems. It’s how to manage an economically viable and just transition that is making heads ache.
[Salterbaxter Directions] Moving The Goal PostsMSL
Is your business goal-ready to move beyond 2020? Explore a new generation of emerging sustainability goals that are unlocking business returns and driving transformational change.
The food market will experience rapid evolution in 2018, according to sector experts at MSL. A broad array of technological innovations will make it easier to acquire and consume foods and beverages tailored to our specific food needs, speeds and philosophies.
These insights emerge from the MSL’s annual analysis of top food trends compiled by its highly specialized food marketing and PR team, appearing as a shareable infographic. In recent years the agency’s forecast has been viewed more than 100,000 times. Past forecasts have spotted the emergence of major marketplace successes, including turmeric, coconut, ugly produce, food waste reduction and coffee as an ingredient.
The Second Technology Revolution: How the PR Business Needs To Change Once AgainMSL
The document discusses how the PR industry needs to change and adapt to a second technology revolution driven by emerging technologies like artificial intelligence, augmented and virtual reality, and big data analytics. It argues that these technologies are augmenting influence by providing more data-based insights, amplifying emotional resonance through immersive experiences, and using artificial intelligence to automate and adapt interactions. This will disrupt traditional media and influence, requiring PR practitioners to develop new skills in data, technology, and storytelling to help clients navigate this changing landscape.
SDG Signals - SBTribe Research by Salterbaxter MSLMSL
It’s been two years since the launch of the SDGs and the UN’s recent progress report highlights that support is uneven and needs to accelerate. New data sources, including
social media, continue to be vital tools to measure, monitor and report progress.
SDG Signals uncovers new insights about SDG communications online and which areas, people and brands are cutting through. We explore the overall SDG online conversation, providing clear opportunities for differentiation, with initial comparisons from the Technology and Food & Beverage sectors. Future editions will put the spotlight on other specific sectors and issue areas.
A joint initiative conducted by MSL and SPARK Neuro gives PR pros true cause for excitement. What was once only subjective – how much people are engaged with content and their emotional experience with it – can now be directly quantified by reading brain activity and other neurological responses.
For more information about Conversation2Commerce, email Erin.Lanuti@mslgroup.com or visit www.publicisC2C.com.
In PR2020, experts give us their perspective on what’s coming next in terms of tech disruptions, and how they believe this will impact the work we do. We explore influence, data, human science and machines, and our relation to them as communications professionals, business owners, governments, and human beings.
Write to us to start a conversation on how we can help you distill actionable insights and foresights from conversations and communities.
For more information contact Pascal Beucler, SVP & Chief Strategy Officer, Global, MSL (pascal.beucler@mslgroup.com) and Melanie Joe, Consultant – Research & Insights, MSL (melanie.joe@mslgroup.com)
[Salterbaxter Directions] Human Rights - The Time is NowMSL
Is your business up to speed on the risks and opportunities of human rights issues?
Learn from the early adopters of the UN Guiding Principles Reporting Framework and get ahead of the game.
For more information, connect with @salterbaxterMSL or reach out to us on Twitter @msl_group.
News in the Times of Digital - Indian Media TrendsMSL
The way India consumes news is changing in this digital age. 20:20 MSL's media trends infographic assesses Print v/s Online media consumption and how communications professionals can choose the right media mix through a structured approach.
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To supplement Qorvis MSLGROUP's Guide to the Trump Administration, we have created a set of appendencies highlighting expected cabinet and staff appointments as of 12/1/2016.
Governing a Divided Nation - Insights about the 2016 U.S. Presidential ElectionMSL
Public affairs and policy experts from Qorvis MSLGROUP have compiled an extensive election coverage and analysis of how the new U.S. President and Congress will move forward after one of the most bitter campaigns in American history.
For more updates, follow @qorvis or reach out to us on Twitter @msl_group.
Each year, Directions takes an in-depth look at an area of sustainability and communications. This time, we’re delving into the quite sizeable gap that still exists between business and society. It’s not the void that interests us so much as the question of how it can be shrunk.
How do we move from just minding the gap to actually mending the gap?
For more information, connect with @salterbaxterMSL or reach out to us on Twitter @msl_group.
This document provides an overview of key people in Donald Trump's administration, including family members and advisors. It outlines biographies of Melania Trump, Ivanka Trump, Jared Kushner, Donald Trump Jr., Eric Trump, and Tiffany Trump. It also profiles powerful advisors and supporters such as Mike Pence, Reince Priebus, Steve Bannon, Newt Gingrich, Rudy Giuliani, Jeff Sessions, and Mike Huckabee. The document groups the individuals and provides affiliations for each to help understand the relationships that may influence the Trump administration.
The ICCO Global Summit which took place in Oxford, UK, from 29-30 September, 2016 offered two days of great conversations with colleagues coming from all over the world. MSLGROUP's SVP & Chief Strategy Officer, Pascal Beucler was invited to discuss why Branded Content and Entertainment are a new boundary, and a sweet spot to hit for PR professionals.
Based on Pascal's experience last June at the Cannes Lions International Festival of Creativity, as a juror in the newly created Entertainment Jury: this has been a week-long fantastic experience, evaluating how talent and ample narrative formats can elevate content into the cultural mainstream.
The times are a-changin’: Assessing the political and economic outlook for th...ResolutionFoundation
Labour has returned to power in Westminster for the first time in 14 years. The new Government has a big electoral mandate but faces a momentous task in delivering lasting economic and social change. From kickstarting growth and reducing poverty, to reforming the planning system, energy market and workplace conditions, Labour’s agenda is fraught with political and economic risk. Yet it also arrives in office with a commanding majority and the opportunity to set out an ambitious governing agenda.
What are the biggest challenges that the new Government faces? How should the new Chancellor approach her first Budget and Spending Review? When should we expect Labour’s extensive list of reforms and new strategies to start making a difference to people’s lives? And what are the prospects of the Starmer government forging a new political and economic settlement in the country?
The Resolution Foundation is hosting an in-person and interactive webinar to debate and answer these questions. Bringing together a panel of Britain’s political scientists, commentators, policy experts and economists, we’ll discuss the outlook for a new Labour Government.
March 25, 2024, Meet Mack Monday Zoom MeetingJohnMackNewtown
The goal of Meet Mack Monday Zoom meetings is to inform residents of township issues that impact them and to get feedback and comments from residents about such issues. This helps me keep better informed of residents’ concerns when I vote on the issues at Board of Supervisors meetings. This meeting covered License Plate Reader Cameras Approved, Newtown Artesian Water PFAS Filtration Plan, Roberts Ridge Park Lawn to Meadow Conversion, Proposed Durham Rd Day Care & Medical Buildings, Dealing with Trash on the Trail , Comprehensive Plan Update, Washington Crossing Bridge Replacement Plan, Problems with the LDR Trail Guiderail
PepNewz - Stay connected to the rest of the worldPepNewz
Stay connected with PepNewz, your go-to source for the latest and critical news on entertainment, technology, politics, lifestyle, business, sports, auto, and more. Our platform offers up-to-date political news and Bollywood latest updates, all in one place. For those who enjoy a bit of extra flair, our Peppy news corner delivers just the right amount of spice. We also welcome bloggers to submit guest posts and articles on various topics, making PepNewz one of the top guest posting sites. Stay informed and engaged with PepNewz, the most authentic news source!
13072024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
Amit Shah Biography , Education Qualification Early Life, Education, Family a...VoterMood
Discover the life and career of Amit Shah in this detailed biography. Learn about his early life, education, entry into politics, and rise to power within the Bharatiya Janata Party. This biography outlines his major achievements, political strategies, and the crucial roles he has played in shaping the political landscape of India.
Daniel Carrasco Unravels Alleged $1.5M Fraud Scheme.pdfnathaniel leonard
Explore the intricate details of a $1.5M fraud scheme allegedly orchestrated by Daniel Carrasco and associates, promising lucrative returns through documentary letters of credit. Delve into the mechanics of the scheme, its impact on victims, and ongoing legal actions in this compelling expose of high-stakes investment deception.
February 2024 Issue of Newtown News of InterestJohnMackNewtown
Welcome to the VIDEO EDITION of the February 2024 News of Interest e-newsletter. This version includes updates to some of the stories covered in the 2 February 2024 email version. This issue includes Borscht Deli Neon Sign Appeal Denied, Grant Awarded for Pedestrian Safety Improvements, Reportable Traffic Accidents Up More Than 100%, New Indian Restaurant Coming While Another is Going, Peaceful Anti and Pro Israel Demonstrations, more...
April 19, 2024, Meet Mack Monday Zoom MeetingJohnMackNewtown
The goal of Meet Mack Monday Zoom meetings is to inform residents of township issues that impact them and to get feedback and comments from residents about such issues. This helps me keep better informed of residents’ concerns when I vote on the issues at Board of Supervisors meetings. This meeting focused on Chick-fil-A on the Bypass Update, Plastic Bag Ban Begins, Re-Revised Corners at Newtown Housing Plan, Comprehensive Plan Housing Analysis, Washington Crossing Bridge Replacement – BOS Response, Debt Service Loan RFP – LED Streetlights & Additional Road Paving, “Dolington Deep Ditch” Along LDR Trail
Exploring the Possible Scenarios of an Israeli-Lebanese Conflict.pdfAlireza Hejazi, Ph.D.
This study explores the possible scenarios of a regional conflict that may occur initially between Israel and Lebanon but may grow and extend to other regions involving more nations. It informs leaders of the consequences of such a conflict for all parties. By utilizing the scenarios matrix, it develops alternative scenarios according to the nature and combinations of four variables, including the Israel Defense Forces’ (I.D.F.) fighting power, Hezbollah’s response, the United States (U.S.) and allies’ intervention, Iran and the Axis of Resistance’s intervention. Analyzing the relationships of these variables also warns of wildcard scenarios that can impact the course of the conflict significantly and increase the risks as it may get out of control. If diplomatic efforts fail to de-escalate tensions between Israel and Lebanon’s Hezbollah, the potential consequences could be severe and multifaceted as identified by this inquiry. The study suggests that decision-makers and policymakers rethink the idea of pre-emptive wars as any miscalculations can impose severe humanitarian impacts and irrecoverable costs on nations involved directly or indirectly in the conflict.
Right to Know Request Responses from WoodsvilleRich Bergeron
Text Messages between Woodsville Administrator Kevin Shelton and Haverhill Select Board Members Kevin Knapp, and Steve Robbins. Related to right to know request filed by www.planbjustice.com
10 जुलाई की अपनी संयुक्त शिकायत में, सीजेपी ने अल्पसंख्यकों के लिए राष्ट्रीय निकाय को जून-जुलाई के महीनों में किए गए भीषण घृणा अपराधों की 8 घटनाओं को सूचीबद्ध किया और उनसे ठोस कार्रवाई करने का अनुरोध किया।
Juan Orlando Hernández se opone a la confiscación de $15 millonesAlexisTorres963861
La defensa del expresidente Juan Orlando Hernández, sentenciado a 45 años de prisión por narcotráfico y armas en EE.UU., manifestó este miércoles su oposición a la confiscación de 15 millones de dólares, equivalentes a más de 300 millones de lempiras, ordenado por el juez Kevin Castel.
14072024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
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SCOTUS Launches New Economy with Legalized Sports Betting
1. SCOTUS Launches New Economy with
Legalized Sports Betting
Decision Raises More Questions Than It Answers
2. 2
To say this is just the beginning would be cliché, but what SCOTUS has wrought with its decision will
have lasting consequences that go far beyond sports betting.
SCOTUS Launches New Economy with Legalized Sports Betting
Decision Raises More Questions Than It Answers
The bookies in Las Vegas give the Golden State Warriors the best odds to win the NBA Finals this year. At 5/8 odds, if
you were to bet $100 on the Warriors – winners of last year’s NBA championship – to win the NBA Finals, then you
would win $162.50. But if you were to bet that same $100 on the Cleveland Cavaliers – runners-up in last year’s NBA
Finals – to win the whole thing this year, you would win $900.00.
You needn’t be a seasoned gambler to see what’s at work here: these numbers are designed to entice basketball
fans to level the betting playing field and wager evenly on both sides of a game.
Since 1992, the betting playing field has been anything but level.
Signed into law by President George H.W. Bush, the Professional and Amateur Sports Protection Act (PASPA) banned
states outside of Nevada, Delaware, and Oregon from regulating (and taxing) sports betting.
In other words, if you wanted to gamble legally on a sport you had to do so in one of those three states. For a state
like Nevada, this was great business. The state took in $4.5 billion in bets in 2016, and earned $219.1 million from
taxes.
It’s easy to see why other states would want in on this action. According to the American Gaming Association (AGA),
at least $150 billion a year is gambled on sports in the U.S. and 97% of that amount is bet outside of Nevada,
Delaware, or Oregon. And if other states could regulate and tax sports betting, they might not face revenue
shortfalls.
Fortunately for those states, the U.S. Supreme Court agrees. In a 6-3 decision in the case Murphy vs. National
Collegiate Athletic Association, SCOTUS ruled that because Congress exceeded its constitutional authority when it
passed PAPSA. In essence, Congress tried to prohibit state legislatures from repealing their existing statues that
outlawed sports betting. Under a line of Supreme Court precedent known as the anti-commandeering doctrine,
federal efforts to coerce states into enforcing federal law are unconstitutional violations of the Tenth Amendment
SEVEN “FUTURES” WE’RE PLACING BETS ON:
1) A complete re-contextualization of how we
consume sports.
Anthony Downs wrote in An Economic Theory of
Democracy that there were only four types of
information: production information, consumption
information, entertainment information, and political
information.
• Production information helps you make smarter
business decisions. If you’re a stockbroker, The Wall
Street Journal is production information for you.
• Consumption information makes you a better
consumer. If you’re going to a movie this weekend,
Rotten Tomatoes is consumption information for
you.
• Entertainment information is self-explanatory –
anything you consume primarily to be entertained,
whether high culture (a great novel) or low (a
Kardashian).
3. 3
• Political information is anything that makes you a more
informed voter.
Why does this matter? Because an awful lot of sports
journalism is about to move from entertainment information
– stuff you read because you enjoy it – to production
information – stuff you read because you think it’ll help you
make money.
2. Information = POWER.
Most traditional and local outlets can’t take advantage of
this shift, but for national outlets this means everything.
Want to subsidize information gathering that also
benefits a wider audience? Convince readers to pay top
dollar for information that has real value and measurable
results.
Still, sports media has a long and complicated history
with gambling. Traditionally, outlets were reluctant to
air, or placed outright bans on, commentary directly
referencing the lines. As The Ringer’s Bryan Curtis notes,
“After the new century dawned, writers and
broadcasters started talking gambling more freely.”
So, even if sports betting becomes legal, will “big” media
companies be comfortable participating? Or, more
specifically, just how close to this can they get? Recall
that in 2015, Disney’s ESPN was set to invest directly in
Draft Kings, but the deal fell apart at the last minute, and
the suggestion was that Disney’s top executives weren’t
comfortable aligning Disney’s brand with betting. Will
that change now?
The fact is, it’ll be hard for many of the big media to pass
up the revenue. Spend by online bookies – on average
they spend over 25% of their total revenues on
marketing – will be the next big driver of growth in
sports sponsorship. And will these new investors crowd
out traditional sponsorship deals with beer, automotive,
and CPG brands?
3. Separating the Haves from the Have-Nots.
For major pro sports, there’s just too much free
information out there – much of it produced by the
leagues themselves – for a paid product to demand
more than a niche audience. But there have been some
successes: fantasy sites, both those that offer league
infrastructure and those that promise inside dirt on who
to sit or start. Most fantasy leagues aren’t big-money
endeavors, but players really want to win – and people
are willing to pay for things that help them win.
Add legal sports betting to the existing (and thriving)
fantasy infrastructure and the entire ecosystem of paid
sports information is about to get a big boost. And
because this is producer information, its exclusivity is a
big part of its usefulness. If everyone knows a player’s
injury is acting up and he can’t get perform at 100%, the
information isn’t valuable anymore.
Imagine, then, a premium tier upon a premium tier upon
another premium tier … and on and on.
4. An explosion of new investments and new products.
Legal sports betting will lead to a rush in new apps and
services. Fantasy sites like Yahoo Sports, DraftKings and
FanDuel will lead the way. Media companies like ESPN,
Fox Sports and Turner Sports will also play a major role.
And there will be new startups who move into this space
offering direct betting services or new content built
around betting.
We’ll also see tech giants take the plunge, much like
Google did when it streamlined the flying experience
with Google Flights.
The point is, we’re entering a new frontier for content
around sports betting, including news, analysis, and data
analytics. And for sports teams, this means more money
for them. A surge in sports betting would almost
certainly drive a surge in sports viewing. As Dallas
Mavericks owner Mark Cuban told CNBC: “I think
everyone that owns a top four professional sports team
saw the value of their team double.”
4. 4
5. Congress isn’t done yet. Both sides of the gaming
debate on Capitol Hill have reacted to the Supreme
Court’s decision. Senator Orrin Hatch (R-UT), one of the
original authors of PAPSA, stated that "At stake here is
the very integrity of sports. That’s why I plan to
introduce legislation in the coming weeks to help
protect honesty and principle in the athletic arena.”
Justice Alito’s opinion concedes that Congress has the
power to regulate sports betting directly, only that
Congress cannot prohibit states from repealing their
own bans on betting. Senator Hatch held back the
details of his proposal, but it may be a hard sell in the
current political environment.
Meanwhile, Representative Frank Pallone (D-NJ) was
well-prepared for the Supreme Court’s decision. Pallone
had circulated a legislative discussion draft of the
Gaming Accountability and Modernization Enhancement
(GAME) Act, which would remove federal obstacles to
legalized gambling in states that have implemented
basic consumer protections, including mechanisms for
age and location verification; safeguards to protect
privacy and data security of players; and recourse
mechanisms for consumers. Congressman Pallone’s
legislation is unlikely to gain traction in a Republican-
controlled Congress, meaning some voters are going to
have to “bet the House” on a Democratic wave in
November’s midterm elections.
6. State Legislatures Just Got a Lot More Important.
By weakening the power of the federal government to
commandeer state laws, a whole host of state-level
initiatives just received constitutional cover. For
example, supporters of so-called “sanctuary cities” –
cities that refuse to cooperate with federal immigration
officials to enforce immigration laws – have cited the
Tenth Amendment in recent challenges to the federal
government’s efforts to implement conditions on grants
for state and local law enforcement. States have also
made Tenth Amendment constitutional challenges to the
federal government’s recent efforts to enforce federal
marijuana laws in states that have legalized the drug for
either recreational or medical use. State governments,
once hailed by Justice Louise Brandeis as “laboratories of
democracy,” have received new constitutional authority
to continue their experiments.
7. A New Argument in Favor of Paying Players.
The Murphy decision might be only the beginning of the
NCAA’s woes. One of the NCAA’s key arguments against
compensating college athletes is that money would
threaten the integrity of the games. With the rise of
sports wagering, that threat will only increase. Paying
players fairly is a common-sense deterrent to bookies
seeking scouting reports or tempting players to shave
points. And revenue from sports betting could bankroll
players without cutting into the revenue schools already
receive from television and licensing deals. A 2011
Business Insider article estimated that equitable
payment of college athletes under a federal work-study
program would cost approximately $200 million per
year. Such a sum could be raised by adding a 25 cent vig
for every $100 wagered on professional and college
football every year – wagers that were illegal under
PAPSA.
Joshua Gardner
Vice President &
North American Lead,
Global Energy Practice
Wyeth Ruthven
Vice President
We’ve witnessed a sea change in the
world of sports and gambling – the
launch of a new economy built on vice,
not unlike the end of prohibition or the
legalization of marijuana. We have a
sense for what it means for businesses;
we don’t yet know what it will mean for
society and culture.