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Friday, July 20, 2018

SCOTUS Lifts Sports Gambling Ban: to Benefit or Detriment?

Isn't it ironic that as more people make less money, opportunities to gamble away earnings or spend them on other activities that don't benefit one's family only increase.

Recently, New England denizens were either stoked or broken to hear that sports betting bans were struck down by the Supreme Court in May.

Supreme Court opens door for sports betting across the country by striking down federal anti-gambling law.

Don't get me wrong: I want casinos for my Southwestern area of The States. Maybe you do, too. However, for some, you really have to trust those you live with-- that they'll be making money in or around that system, and not losing money you need to live. Same goes for sports betting, especially, as the number of sports aficionados who will become active, lawful gamblers is likely to soar well above that of casino and slot players.

But wait: who needs casinos when sports fans have new sports each season to bet on. On the other hand, if they want families playing [spending] together, they'll need to erect casinos around the sports betting booths, after all. Or, maybe they won't bother building anything, and sports betting will be only more opportunity to throw money away from your family online.

What People Gamble, Besides Income Gained in a 'Recovering Economy'


It can be hard to tell, but it's also true that more people are making more money today than they did before The Great Recession. We have both: more people making less and more people making more. The latter of these are the only people who should be taking on any gambling . . . but we know the situation won't be reflective of such reason.

Thus, we have what was always the problem with vices like gambling, drinking, strip clubs, prostitution, etc. It's less about prudish mores and more about retention of economic assets and financial decisions made within a family.

Remember, gambling can be as addictive as any reward-seeking behavior. Compulsive gambling, also called gambling disorder, is the uncontrollable urge to keep gambling despite the toll it takes on one's life. Sad, how high the toll can be before anyone takes notice.

Image of purple dice reflects 'tossing the dice' gambling with income

Are you looking forward to having more opportunities for high-stakes gaming?


RELATED READING:

Sports betting set to explode across country

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