Indian tribes dig for their share of sports betting

0

Sports betting is a small fraction of that amount, although industry experts say the court ruling will most likely allow it to increase significantly. In Britain, where the sports market is much less diverse and the population is around one-fifth that of the United States, players bet some $ 20 billion for the year ending March 2017.

Analysts estimate that players in the United States wager up to $ 150 billion annually illegally through bookies and offshore accounts, as well as through less formal betting, such as office pools around the basketball tournament. NCAA Men’s. With so much on the table for Indian tribes, the days since last week’s Supreme Court ruling have been filled with maneuvering and strategic planning, especially in states where Indian casinos have wielded a powerful influence over local economies, like California and Mississippi, in addition to Connecticut.

In California, dozens of Indian-owned casinos generate nearly $ 8 billion in annual revenue, the most of any state, giving the tribes enormous influence over the gaming industry. Supreme Court Assembly Member Adam Gray introduced a bill to amend the California Constitution, which gives Indian tribes the exclusive right to operate slot machines and other casino-style games. The tribes say these rights include sports betting.

Since the legalization of sports betting in California will require an amendment to the state’s constitution, lawmakers, lobbyists, and tribal leaders are now bracing for a long, drawn-out fight, perhaps years, before anyone in the state does not legally bet on a sporting event.

Tribal chiefs base their claims of exclusivity on the language of the state’s constitution which gives them rights to games involving “banks” – meaning the house creates the market for betting.

In a statement this week, Steve Stallings, president of the California Nations Indian Gaming Association, officially called for a role in all negotiations over the future of sports betting.

“California voters have repeatedly upheld the exclusive right of California tribal governments to operate casino-style games,” Stallings said. “The legalization of sports betting must not become a roundabout way to infringe exclusivity. “

Source link
Share.

Leave A Reply