{"id":155185,"date":"2021-01-15T03:43:55","date_gmt":"2021-01-15T00:43:55","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/letting-andrew-cuomo-run-online-sports-gambling-is-a-very-bad-bet\/"},"modified":"2021-01-15T03:43:55","modified_gmt":"2021-01-15T00:43:55","slug":"letting-andrew-cuomo-run-online-sports-gambling-is-a-very-bad-bet","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/letting-andrew-cuomo-run-online-sports-gambling-is-a-very-bad-bet\/","title":{"rendered":"#Letting Andrew Cuomo run online sports gambling is a very bad bet"},"content":{"rendered":"

“#Letting Andrew Cuomo run online sports gambling is a very bad bet<\/strong>”
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It was probably inevitable that legal sports betting would come to New York state. But the manner in which Gov. Cuomo is proposing to adopt it hurts consumers by limiting betting sites and further weds the state\u2019s budget health to gambling \u2014 which disproportionately lures and effectively taxes the poor and undermines the work ethic.<\/p>\n

Online sports betting, legalized by the Supreme Court in 2017, is here to stay. National Football League broadcasts highlight it; commercial breaks include DraftKings ads as much as Clydesdales. But legalizing the practice doesn\u2019t mean state governments should control it.<\/p>\n

That\u2019s Cuomo\u2019s plan: using the state lottery commission to license specific gambling sites that would agree to share the most revenue with the state. An open market, such as one linked to casinos, is anathema for the governor. Says Cuomo: \u201cI\u2019m not here to make casinos a lot of money. I\u2019m here to raise funds for the state.\u201d<\/p>\n

State budget director Robert Mujica doubles down on the point, projecting $500 million that \u201cwould go to the state budget. Otherwise, for the bettors, it\u2019s seamless and it\u2019s exactly the same. The only difference is the state gets the money versus others.\u201d<\/p>\n

Of course, it isn\u2019t the same for the gamblers. There are at least 10 major online sports-betting services. New York would limit options \u2014 and have every reason to license those offering the best odds for the state, not the bettor.<\/p>\n

That fails what former New York Deputy Mayor Steve Goldsmith likes to call the \u201cyellow pages test\u201d: When one can find plenty of private providers in the phone books, there is no reason for government to supply the service itself or to limit the number who may.\u00a0 Indeed, by Cuomo\u2019s logic, the state could limit the number of entrants in any industry \u2014 and require the anointed to pony up money to the state or be barred from New York.\u00a0<\/p>\n

That\u2019s called corporatism \u2014 and it has stifled economies all over the world.<\/p>\n

But the implications of Cuomo\u2019s plan get worse. The sports-betting regime would amplify the sins of the state lottery, which it would emulate. By relying on lottery revenues to balance the budget, the state lottery commission must constantly lure the desperate to play a game<\/a> in which the odds are stacked against them. They do so through the nation\u2019s largest lottery ad budget, constantly painting an unrealizable picture of leisure.<\/p>\n

\u201cThe most common form of lottery advertisement encourages \u2018magical thinking\u2019 by highlighting potentially life-changing effects of winning the lottery,\u201d writes Andrew Clott, a Chicago attorney who has served as managing editor of the\u00a0Loyola University Chicago Consumer Law Journal. \u201cTypical advertisements focus on hard-working, blue-collar individuals who took a chance on buying a ticket and won big.\u201d<\/p>\n

These messages downplay or avoid discussion of the long odds. One New York lottery ad, for instance, promises the chance to \u201cHave Fun for Life\u201d: Close-ups show a man inside a house, building a tower for a child with couch pillows, boards, books, and sheets. It\u2019s the answer to the campaign\u2019s recurring question: \u201cIf You Won $1,000 a Day for Life, How Would You Spend It?\u201d No qualifying statements accompany such ads because state lotteries are exempt from Federal Trade Commission\u2019s \u201ctruth-in-advertising\u201d regulation.<\/p>\n

This is nothing less than government preying on the poor \u2014 notwithstanding its supposed concern about income inequality. The \u201cpoor are still the leading patron of the lottery, and even the people who were made to feel poor buy lotteries,\u201d found a 2011 Journal of Gambling Studies paper.<\/a>\u00a0<\/p>\n

There is no doubt that state-endorsed sports betting will be more of the same, as we add a government imprimatur to the idea. Warning label: Gambling may undermine work ethic and upward mobility.<\/p>\n

To balance a budget bloated by pension promises and the nation\u2019s most generous Medicaid payments, New York is turning to legalized marijuana and sports gambling. Perhaps the budget gap will be closed \u2014 but do we really want to live in such a culture?<\/p>\n

Howard Husock is an adjunct scholar at the American Enterprise Institute and a contributing editor of City Journal.<\/em>\n <\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Letting Andrew Cuomo run online sports gambling is a very bad bet” It was probably inevitable that legal sports betting would come to New York state. But the manner in which Gov. Cuomo is proposing to adopt it hurts consumers by limiting betting sites and further weds the state\u2019s budget health to gambling \u2014 which…<\/p>\n","protected":false},"author":1,"featured_media":155186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/01\/Sports_Betting-NJ.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[89450,70430,72967,89645,77164],"class_list":["post-155185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-14-21","tag-andrew-cuomo","tag-gambling","tag-online-gambling","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/155185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=155185"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/155185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/155186"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=155185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=155185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=155185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}