Sports Betting That Had Gone Way Too Far
Sports betting has become a part of American culture, and is now considered a mainstream industry. In the past, betting on sports was frowned upon and considered persona non grata by most players and organizations. Today, however, many sports leagues have joined forces with betting services and are allowing the public to place wagers during the game. As a result, the numbers have grown. It is estimated that by 2020, sports betting will be worth $26 billion.
The Black Sox scandal highlighted some of the problems with sports betting. The Black Sox scandal was one example of huge bets in one direction. In fact, sports betting could go as far as shaving points on individual players, coaches, and referees. While this type of behavior might not be common, the possibility is present.
Legislative action is underway to address this issue. New York state legislators are considering new legislation to regulate sports betting. Two bills, sponsored by Sen. John Bonacic and Assemblyman Gary Pretlow, would have directed a portion of the sports leagues’ integrity fees. While the bill did not make it out of committee, the New York Legislature has shown its willingness to consider sports betting.