Preview

Sports Betting

Good Essays
Open Document
Open Document
795 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Sports Betting
The Over Under On Legal or Illegal Sports Betting One of the oldest games around is to wager money on another sport taking place to gamble and hopefully gain back revenue from that risk. Some see it as wrong and some have no issue with it, which is creating a strong amount of conflict when dealing with such a large issue as sports betting has become. There are many sports to wager on but the goal is the same for every gambler and that is to win big time. Although there are many motives to be pro gambling such as, taking the money from criminal’s hands into legal safe ways or to gain an economic boost from the large amounts of money that could be drawn in, there are still anti gambling supporting the ideas that it could and has damaged the integrity of the game. One of the viewpoints that people hold is that if sports betting was legalized it would greatly increase the amount of economic growth by large amounts of legal betting money being spent because it would no longer be left out of the market. The economic growth could be substantial and beneficial to America as this article states would and should be allowed to occur. The author is drawn to the idea of legalizing the betting because it is grounded in the idea of a economic boost from the revenue pulled out of legal safe ways to gamble. With having only a small percentage of money coming in from gambling if it was legalized, “the total estimated $380 billion (yes, billion!) wagered illegally, untaxed, and unregulated to offshore operations on sporting events” ( Lesniak 15) could be brought into the economy benefiting the nation as a whole. One thing that could also affect the entire nation is if the integrity of the games were damaged because of shady and illegal betting on sports affecting the final scores on games. The viewpoint is taken because if the integrity of sports is damaged then it hurts thousands of fans who watch and spend money on something that is a flux. Donald L. Barlett believes that


Cited: Barlett, L. Donald and Steele, B. “THROWING THE GAME.” Time (9/25/2000): 52. Academic Search Complete. Web. 1 Mar. 2013. Lesniak, J. Raymond and Bernal, Les. “Should Sports Betting Be Legal?” U.S. News Digital Weekly. (6/22/2012): 15. Academic Search Complete. Web. 1 Mar. 2013. Surowiecki, James. “A Call to Action.” New Yorker (2/11/2013): 1. Academic Search Complete. Web. 1 Mar. 2013.
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Wgu Financial Analysis Paper
    • 823 Words
    • 4 Pages

    Wgu Financial Analysis Paper

    The purpose of this analysis is to determine whether or not the approval of sports betting would help Central increase gambling revenue. I will conduct this analysis by building a Decision Support (DSS) model that forecasts the proposed sports betting program’s financial situation for the next 10 years. This model will be used to provide proper reasoning for the approval or disapproval of the sports betting proposal; also I will use this model to support and explain my recommendation on the matter of sports betting.…

    • 823 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Tax Treatment of Gambling Loss as in Tschetschot Case
    • 1837 Words
    • 8 Pages

    Tax Treatment of Gambling Loss as in Tschetschot Case

    In Tschetschot v. Commissioner, 93 TCM 914 (2007), the tax court ruled that taxpayer’s losses from participating in tournament poker were limited to the amount of her winnings. The court held that tournament poker is, despite its differences from other types of poker, essentially a wagering activity and therefore should not be treated differently from other forms of gambling for tax purposes. The court also rejected the taxpayer’s equal protection argument to treat tournament poker as sports, on the basis of the policy decisions of the congress to treat business based on wagering activities differently.…

    • 1837 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Good Essays

    Welstätter's Role In Photosynthesis
    • 889 Words
    • 4 Pages

    Welstätter's Role In Photosynthesis

    Photosynthesis is a chemical process that converts the sunlight into a chemical energy that plants store for later. Without photosynthesis, the world as we know it would not exist. All the plants would die and so would a major food and oxygen source. During Photosynthesis water is sucked up through the roots up the stem and to the leaves. The leaves take in carbon dioxide and begin to absorb sunlight. these things combine to make glucose and oxygen. The plant then uses the glucose and oxygen is expelled through the stomata of the plant as a waste product. In The leaves there are a very special pigment called chlorophyll. Chlorophyll is responsible for the absorption of sunlight. Richard Martin Willstätter is the man responsible for studying these structures.…

    • 889 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Why Sports Teams Move and Cities Fight to Keep Them
    • 1051 Words
    • 5 Pages

    Why Sports Teams Move and Cities Fight to Keep Them

    Professional sports, like most of our popular culture, can be understood only partly by through its exiting plays and tremendous athletes. Baseball and football most of all are not only games anymore but also hardcore businesses. As businesses, sports leagues can be as conniving, deceitful, and manipulative as any other businesses in the world. No matter what the circumstances are, it seems that Politicians are always some how right around the corner from the world of sports. These Politicians look to exploit both the cultural and the economic dimensions of the sports for their own purposes. This is what is known in the sports industry as "playing the field".…

    • 1051 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    Pros And Cons Of Sports Gamblers
    • 1185 Words
    • 5 Pages

    Pros And Cons Of Sports Gamblers

    The vast majority of sports gamblers are recreational players and the professionals are few and far between. Among this select group of professional sports gamblers, arguably none of them strike fear…

    • 1185 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    Nfl Business Model
    • 5631 Words
    • 23 Pages

    Nfl Business Model

    Introduction In March 2010, Roger Goodell, the Commissioner of the National Football League (NFL), announced an aggressive goal for his business: $25 billion in yearly revenue by 2027.1 To put that figure in perspective, the countries of Panama, Jordan, Ghana, and Iceland all had nominal GDPs less than $25 billion in 2009.2 For the NFL to reach Goodell’s lofty target, the league will have to quickly build on what Business Week has already called, “one of America’s best-run businesses.”3 During the 2008 season, the NFL made an estimated $7.6 billion in revenue and $1.0 billion in operating income. The average team value was $1.04 billion.4 The Economist wrote in 2006 that, “[the NFL] remains the most popular of the four big American sports on almost every measure, from opinion polls to television ratings.”5 A comparison of 2008 financials for the NFL, Major League Baseball (MLB), National Basketball Association (NBA), and National Hockey League (NHL) is displayed in Appendices 1 and 2. The conclusion is clear: with the highest revenue, income, and value, the NFL leads the American professional sports business. This paper will take a critical look at the NFL business model. Specifically, it will investigate how the NFL has constructed a sports empire in the United States. How does the league generate its revenues and earn profits and how has it popularized and stabilized demand for its product? I will demonstrate that the NFL’s noticeable profit…

    • 5631 Words
    • 23 Pages
    Powerful Essays
    Read More
  • Better Essays

    Legalized Gambling in Hawaii
    • 1683 Words
    • 7 Pages

    Legalized Gambling in Hawaii

    The streets of Las Vegas Boulevard, which are littered with advertisements picturing naked girls willing to provide their services for a price, can be a scary place as someone takes a stroll. Drunk men stumble out of strip clubs and casinos, and girls in gaudy clothing and stilettos apply lipstick at their post. Nobody knows when someone lurking in the shadows might pop out with a knife to steal an unsuspecting person’s wallet. Or even worse, a friendly-looking stranger walking in the opposite direction could be waiting to come across the right person to drag into a dark alley, muffle their screams so that their cries for help blend into the noisy background of the streets, and do the unthinkable.…

    • 1683 Words
    • 7 Pages
    Better Essays
    Read More
  • Good Essays

    Fantasy Football: Illegal Gambling
    • 534 Words
    • 3 Pages

    Fantasy Football: Illegal Gambling

    Fantasy football has become increasingly popular amongst sports fanatics, but it also has brought several legal matters involving illegal gambling. These sites ran for multiple years before being shut down, what was the reason States decided to make it illegal to gain profit from Fan Duel, Draft Kings or any other sports gambling site? Winning any sort of money from these sites is from a skill that you develop, but when you are playing in a weekly league how can you call it a skill? Players constantly get hurt and do not perform to the best of their abilities, so it is considered luck if you win any money. Are customers becoming addicted to playing fantasy sports or is it just a game? For some customers it becomes a normal occurrence to play these games but for…

    • 534 Words
    • 3 Pages
    Good Essays
    Read More
  • Best Essays

    Olympic Controversies Research Paper
    • 3327 Words
    • 14 Pages

    Olympic Controversies Research Paper

    From the beginning, controversy has followed the Olympic Games. Indeed, at times it seems as if the Olympic movement would fall apart under its own weight, with several commentators even suggesting that the world would be a better place without the Games. Since…

    • 3327 Words
    • 14 Pages
    Best Essays
    Read More
  • Good Essays

    Persuasive Essay On Sports Betting
    • 814 Words
    • 4 Pages

    Persuasive Essay On Sports Betting

    There is sit thinking about what if I became addicted to sports betting, or what if I were to lose my money by becoming too aggressive with placing my money. Sports betting comes with plenty of downsides, similar to alcohol abuse and drug abuse. The activity can become extremely addictive which could lead to lives being destroyed. Once people partake in such an event, many can never stop placing money or just get wrapped up into the adrenaline of the sport. Lives are ruined by illegal gambling alone, so if it were to become legal, how many lives would actually be saved? Possibly slim to none, as it could just give folks an excuse to why they went bankrupt and lost everything they’ve owned. No matter how rich one person can be, if an addiction were to take place then everything would be lost. A new topic enters my mind as the basketball game continues. Would legalizing sports betting actually separate the common man from the government like it sounds? If a new industry is created into the economy then that means one big word that everybody hates except government. The word is taxes. The new industry would be so immensely popular that a tax would be placed with no doubt. Separation from the government would not be true, as cash flow from the new industry will likely be choked so much by the government that it would not be a long lasting…

    • 814 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Slavery, Segregation and Civil Rights: Their Impact on American Sports
    • 3800 Words
    • 12 Pages

    Slavery, Segregation and Civil Rights: Their Impact on American Sports

    To many people, the sports world is a place in which none of the normal problems of the "real" world could possibly exist. The participants seem to be rich beyond measure, many are educated and well spoken, and though there are disputes, they usually center on money-not…

    • 3800 Words
    • 12 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Super Bowl
    • 7074 Words
    • 29 Pages

    Super Bowl

    of Successful National Football League Franchises. Economic Inquiry, in press. Donovan, John (2005). From downtown? Jax 's urban sprawl makes for Super tough week. Sports Illustrated online, http://sportsillustrated.cnn.com/2005/writers/john_donovan/02/04/scene.jacksonville/; posted February 4, 2005; accessed November 15, 2009. Humphreys, Jeffery (1994). The Economic Impact of Hosting Super Bowl XXVIII on Georgia. Georgia Business and Economic Conditions, May-June, 18-21. Matheson, Victor (2005). Contrary Evidence on the Economic Effect of the Super Bowl on the Victorious City. Journal of Sports Economics, 6: 420-428. Matheson, Victor (2009). Economic Multipliers and Mega-Event Analysis. International Journal of Sport Finance, 4: 63-70. National Football League (1999). Super Bowl XXXII generates $396 million for South Florida. NFL Report, 58. Porter, Philip (1999). Mega-Sports Events as Municipal Investments: A Critique of Impact Analysis. In Fizel, J., Gustafson, E. & Hadley, L. Sports Economics: Current Research. Westport, CT: Praeger Press. Rovell, Darren (2008). Super Bowl Tickets: What They Could Cost This Year. CNBC.com. http://www.cnbc.com/id/22647777; posted January 14, 2008; accessed November 15, 2009. Steeg, Jim (1999). Inquiring Minds Should Know. Fox Sports Biz online; posted November 9, 1999.…

    • 7074 Words
    • 29 Pages
    Powerful Essays
    Read More
  • Good Essays

    Steroid Legalization Rebuttal
    • 819 Words
    • 4 Pages

    Steroid Legalization Rebuttal

    In addition to the legalization of performance enhancing drugs for athletes, Mr. Smith suggests that it would make things easier on the multi-billion dollar leagues in which these athletes compete such as, Major League Baseball and the National Football League. To consider that the leagues in which these athletes compete would simply want the legalization of performance enhancing drugs to save themselves time, money and credibility in trying to develop a drug testing system that is actually effective, is absurd.…

    • 819 Words
    • 4 Pages
    Good Essays
    Read More
  • Better Essays

    pros and cons of horse racing
    • 1568 Words
    • 4 Pages

    pros and cons of horse racing

    The amount of money contributed to the United States government by the horse racing industry is an incredible amount. On average the sport produces 38.8 billion dollars, of which a whopping $1.88 billion is paid in annual taxes. That amount of money just goes to the United States. Around the world, countries make on average 40.2 billion. For instance, in Europe, horse racing is a widely known event and is tradition to participate in. they make on average about 45.3 billion United States dollars in the horse racing industry. Then, when talking into account supplies and employees, they produce around 101.6 billion us dollars. Governments around the globe benefit highly from the industry and horse racing being banned could have a drastic effect on entire populations from lack of money.…

    • 1568 Words
    • 4 Pages
    Better Essays
    Read More
  • Better Essays

    Should College Athletes Be Paid?
    • 2379 Words
    • 10 Pages

    Should College Athletes Be Paid?

    College sports provide a huge source of the universities' income. The school takes in money from ticket sales, television contracts, and sport-related merchandise, just to name a few. The athletes, however, receive their scholarship and little more. While the prospect of receiving a free college education is something few would complain about, when the issue is more closely examined it becomes evident that it is not enough. The trend for athletes is to leave school early for the professional leagues because of the money. There have been more reports of violations surrounding university boosters and alumni paying players. Furthermore, athletes have been accused of making deals with gamblers and altering the outcome of games. All of these problems could be minimized, by adopting a program for compensating student athletes. College athletes are exploited by their schools, which make millions of dollars off of them. The NCAA and professional leagues can work together to institute a plan to compensate these athletes and remedy all these problems. (165)…

    • 2379 Words
    • 10 Pages
    Better Essays
    Read More

Related Topics