College Sports Gambling

2514 Words Jul 24th, 2002 11 Pages
With all of the controversy of gambling in college sports, why is the issue still an issue? The answer is money. There were actions taken towards this by
Congress, but the problem is that it was never completely abolished. Congress had made the mistake of creating a way around it. It is now commonly referred to as "the Las Vegas loophole." They outlawed the betting nationwide with the exception of one state, one state that is the capital of gambling, Nevada. This has caused few changes, with the exception of the ever-growing revenue that it generates. Another reason the legality still remains is one not frequently mentioned, but the question of the ban being constitutional. But no matter what the law, is there
…show more content…
People of all kinds are in agreeance that the impact of this law would hardly be worth the effort. John Shelk, vice president of the American Gaming Association, also stated "It 's not like Congress is going to pass a law that bans legal gambling, and students across the country will say, ‘Oh my God, I can 't gamble anymore because it 's illegal. '" Sen. McCain, co-author of last year 's Senate bill, had countered his opinion to ESPN.com by saying, "I don 't think we have to choose between enforcing existing laws on illegal gambling and closing the loophole on legal gambling." McCain added, "we can do both." McCain and others claim that eliminating legalized gambling in Nevada would be "an essential first step" on stopping the college sports gambling. Critics disagree.
They believe that the attempt to chip away at illegal sports gambling "isn 't a logical first step," at all. The fact of the college sports gambling, is that there is too much publicity, popularity, and money surrounding this particular gambling sport.
In the beginning there was a problem with popularity. From 1951-1974, there was a 10% excise tax levied by the Federal Government on the amount of sports wagers. The tax made the business unprofitable since the profit margin was generally 5%
Open Document