Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Reason Magazine (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Hometown Fans of Some College Football Playoff Teams Can't Bet on College Football

% of readers think this story is Fact. Add your two cents.


Clemson Memorial Stadium | ID 346420375 © Gerald T. Coli | Dreamstime.com

The first 12-team College Football Playoff kicks off this weekend, hopefully bringing with it the upsets, drama, and suspense the sport is known for. The new, expanded format gives more schools a chance to compete for a national championship and more gamblers a chance to cash in (so they hope). One bettor has already placed a $1.5 million bet on Texas to win it all—at odds of +390, their payout would be $5.75 million.

Wagers have poured in from 38 states that have legalized sports betting. But sports betting is still illegal in states that are home to five of the 12 universities in the tournament: Idaho (Boise State), South Carolina (Clemson), Georgia (and the flagship Bulldogs), and Texas (Southern Methodist and the Texas Longhorns). (Wagering is legal in Oregon, but the state’s lone sportsbook does not offer bets on college sports.)

In 2024, legislators in six states—Georgia, Hawaii, Minnesota, Missouri, Oklahoma, and South Carolina—tried to legalize sports wagering. Missouri was the only state to successfully do so with the passage of Amendment 2 in December. Despite 2024′s legislative failures, the push to legalize wagering will surely continue in the new year, especially since the practice is still illegal in some high-population states such as California.

In South Carolina, Rep. Chris Murphy (R–Dorchester) has prefiled House Bill 3625, which would legalize sports betting for individuals aged 18 years and older in the Palmetto State. The bill, which has bipartisan support, allows no more than eight licensed operators to exist and taxes their adjusted gross revenue at 12.5 percent. Monies generated from the tax would go toward mental health initiatives in the state. Despite bipartisan support for sports betting, powerful voices in the state, including Republican Gov. Henry McMaster, remain opposed

Hawaii is waiting for the results of a study on the economic impacts of wagering, after legalization efforts failed this year. The Sports Wagering Working Group, created by the passage of House Concurrent Resolution 70, will offer recommendations and proposed legislation to Hawaii’s lawmakers “no later than twenty days prior to the convening” of the 2026 legislative session.

Meanwhile, sports betting advocates in Georgia and Texas remain cautiously optimistic. In November, Texas Sen. Carol Alvarado (D–Houston) prefiled a bill to amend the state’s constitution by legalizing sports wagering and allowing casino gaming at destination resorts (gambling is only permitted at three casinos in the state). Despite the support from industry, Texas Lt. Gov. Dan Patrick (R)—who presides over the Senate—remains staunchly opposed, according to Axios.

In the coming year Georgia, which does not allow gambling except through the state lottery, bingo, and raffles, may consider a version of last year’s failed Senate Bill 386, per The Georgia Recorder.

The legalization push comes as some states are restricting the use of prop bets, which are wagers on individual statistics, like points scored or assists recorded, in college sports. The NCAA says 10 percent to 15 percent of Division I athletes have reported being harassed by disgruntled gamblers. Charlie Baker, the president of the NCAA, recently appeared before Congress in support of a federal ban on prop betting in college sports. Baker’s position is shared by 16 states that have outlawed the practice outright.

Given its popularity and contributions to state coffers, sports betting is almost certainly here to stay. Hopefully, nanny state prohibition will be lifted, allowing adults to spend their money as they see fit.

The post Hometown Fans of Some College Football Playoff Teams Can’t Bet on College Football appeared first on Reason.com.


Source: https://reason.com/2024/12/20/hometown-fans-of-some-college-football-playoff-teams-cant-bet-on-college-football/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.