How long before big media companies become big sports-gambling companies?

Discussion in 'Sports' started by Stephen, Feb 16, 2019.

  1. Stephen

    Stephen Administrator Staff Member

    https://www.recode.net/2019/2/15/18226227/sports-gambling-media-att-randall-stephenson

    How long before big media companies become big sports-gambling companies?

    Sports betting in the US used to be illegal, for the most part. Now it’s up to individual states to decide if they want it. Besides Nevada, which has always had legal sports betting, a handful of states have authorized it, with only New Jersey jumping in completely. But with estimates of US sports gambling hovering around $150 billion annually, it won’t be long before many states decide they want a piece of that action.

    So here’s the question for media companies that are hoping to profit in some way from the billions of dollars gamblers are going to bet on sports: How do we get a slice?

    .....Maybe because they’re worried about liability issues that could arise when problem gamblers end up looking for someone to sue once they’ve lost all their money.....

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    <<< Maybe because they’re worried about liability issues that could arise when problem gamblers end up looking for someone to sue once they’ve lost all their money >>>

    The above comment from the article is very misleading. Perhaps the last thing that media companies are worried about is lawsuits from gamblers. The fact is regarding gambler lawsuits against casinos or other gambling venues, virtually all of the lawsuits are unsuccessful.

    Any sports gambler who thinks when they go broke, that they will be able to successfully sue to get their money back...better think again. In reality that isn't going to happen.

    In any event, the sports gambling genie is now out of the bottle, and it certainly is an evil genie. Rather than a good genie granting your wishes, this sports gambling genie will take away your wishes, especially a wish for money.

    May as well just tell the sports gambling genie that you wish for less money or no money. That wish he would grant you.
     

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