Sports Betting in OK

[Pete]

Fantasy football really took off when online sites started providing all the management tools needed for leagues and teams. I used to do it when we had to track all that stuff by hand and it was fun, but a pretty small thing with little money involved.

Now, I know tons of people who care way, way more about their fantasy team than they do about the NFL or any particular team. In fact, I'd say that is true for most of my friends and the main reason I stopped doing fantasy: I'm a sports fan first and foremost and I didn't want my gambling to take precedence.

Now, with so many people involved and already used to doing everything online, in steps DraftKings and FanDuel and a thousand other sites.


As this segment in 60 Minutes notes, it was a federal court decision in 2018 that really cracked open the floodgates.

And it's young people who are already addicted to their smartphones that seem to be the target of all the ads. I bet we are soon going to learn that a ton of college kids are getting themselves into deep trouble.



https://www.youtube.com/watch?v=vDsLu0CWcgk

[Swake]

the tribes compacts don't allow ANYONE else in the state to offer gambling at all ..

that is the issue .. even if a vote by the people legalized gambling the tribes position is that no one else could offer any gambling except them ..

That is the contractual point of the compacts. The tribes give many millions from casino revenue to the state in exchange for exclusivity. If the state were to allow gambling beyond what is allowed in the compacts, the tribes would have no reason to pay the state anything from tribal casinos. And the state cannot tax the tribes or tribal lands. The state would get nothing.

[mugofbeer]

Recent stink in Colorado is the blatant effort by some sports betting entities to market betting to late teen/early 20s age group.

[Pete]

This report highlights how huge sports betting has become on college campuses and how the big sites target young men.

Again, I don't see the benefit to society, especially given the extreme downside.





https://www.youtube.com/watch?v=6__ce6l6Kgo

[ditm4567]

not going to comment on the pro or con aspects ...

but just going to point out that the ability to bet with an internet connection on events world wide has been going on for 20 years now ..

Thank you. People act as if sports gambling is some new, fancy concept.

[Pete]

Thank you. People act as if sports gambling is some new, fancy concept.

There are a ton of things that have recently changed, mostly notably sports betting being legalized in the U.S. in 2018.

Then huge companies set up sites and started advertising like crazy.


Almost none of that existed 5 years ago, let alone 10 or 20.

[TheTravellers]

I would be on board with advertisement restrictions on gambling AND on big pharma.
I think I read we are one of only a few countries (maybe the only country) that allows for advertisment of drugs

I believe the USA and New Zealand are the only countries in the world that allow drug advertising on TV (not sure about print or other media). Don't know the history of it in NZ, but here it's because of capitalism run amok to the very insane extreme, and the lobbying of Big Pharma/Health care is the largest $$$$ amount, has been for a while.

[aDark]

There are a ton of things that have recently changed, mostly notably sports betting being legalized in the U.S. in 2018.

Then huge companies set up sites and started advertising like crazy.

Almost none of that existed 5 years ago, let alone 10 or 20.

Legal sports betting versus illegal sports betting.

Illegal sports betting has been around for 20 years for anyone with a desire and an internet connection. But Pete is pointing out that *legal* sports betting is relatively new. And he's right.

I'd wager (pun) that less than 2% of people engaged in significant sports betting prior to the 2018 ruling. So, for all intents and purposes, easily accessible sports betting wasn't around.

As for whether it should be around; if we're going to allow 18-year-olds to walk into a 7-11 and buy scratchers and Powerball cards then who are we to limit sports fans. Bring it on.

[CatholicSooner]

Wait....sports betting has only been legal since 2018?

[mugofbeer]

As for whether it should be around; if we're going to allow 18-year-olds to walk into a 7-11 and buy scratchers and Powerball cards then who are we to limit sports fans. Bring it on.

As anyone who has raised children can tell you, the brains of boys especially, have not fully developed in the area of self-control. The fastest rising age group of gambling addicts is 21 to 24 year olds with an alarming number between ages 18 and 21.

Legalized sports betting is just another thing that isn't necessary adds nothing to society. Just because something feels good doesn't mean do it.

[Dob Hooligan]

As anyone who has raised children can tell you, the brains of boys especially, have not fully developed in the area of self-control. The fastest rising age group of gambling addicts is 21 to 24 year olds with an alarming number between ages 18 and 21.

Legalized sports betting is just another thing that isn't necessary adds nothing to society. Just because something feels good doesn't mean do it.

Yet we allow them to join the military and risk their lives for their country.

[Dob Hooligan]

Wait....sports betting has only been legal since 2018?

I think they are referring to the online betting that was only legal in something like Nevada and Delaware until around 2018

[BoulderSooner]

I think they are referring to the online betting that was only legal in something like Nevada and Delaware until around 2018

but that reality was any one that wanted to sports bet online could do so off shore (on their phone) for the last 20 years it has was very very easy

[Pete]

but that reality was any one that wanted to sports bet online could do so off shore (on their phone) for the last 20 years it has was very very easy

Yes, but we are talking about the tons of induced demand brought on by massive advertising campaigns and then using AI to target people and their habits.

[BoulderSooner]

Yes, but we are talking about the tons of induced demand brought on by massive advertising campaigns and then using AI to target people and their habits.

Absolutely ..

and the "daily Fantasy" is really just gambling repackaged in a different form ..

and i would argue that cyrpto/stock "trading" with the aps like robinhood .. is also not much different ..

[okatty]

^The Draft Kings Pick 6 deal is just flat out player parlays. If that isn’t gambling I don’t know what is.

[Pete]

and i would argue that cyrpto/stock "trading" with the aps like robinhood .. is also not much different ..

You and I and most of the male population of this country don't actively follow crypto and have a semi-addiction built in from a lifetime of playing and watching it like we have done with sports.

And you don't play Crypto fantasy leagues and thus already have an account and are targeted by multi-billion dollar companies in their ad campaigns. You also don't watch Crypto channels with advertising embedded everywhere.


Buying and selling any commodity isn't in the same universe.

[PhiAlpha]

This SNL skit from a few weeks ago comes to mind lol.

https://youtu.be/wXZNuwY_5-U?si=g0bgGu9ZSZhy2XI0

[Pete]

There was a recent court ruling that Fantasy Football is not gambling and that's when all these sites got set up and how millions now funnel their league through them. It also moved from something only real diehard football fans did to seemingly everyone everywhere having a team or 10.

Now, they have all your data and habits and can target you and others specifically with AI that will draw out your money.

I've seen a huge shift among my friends from people who used to pull for a specific team to now only caring about 'their' team. And that's 100% the mindset of a gambler, not a sports fan. All these sites have caused this shift and most people don't even realize it.

[mugofbeer]

Yet we allow them to join the military and risk their lives for their country.

I guess you didn't actually read my post because your knee was jerking in reaction. In an ideal world we wouldn't find it necessary to have a military and send our children off to often needless wars. How is it "necessary" to legalize yet another vice?

[mugofbeer]

Absolutely ..

and the "daily Fantasy" is really just gambling repackaged in a different form ..

and i would argue that cyrpto/stock "trading" with the aps like robinhood .. is also not much different ..

When sports gambling has boiled down to whether LeBron scores 30 or Jokic gets a triple-double or Aaron Judge gets a home run or Mahomes throws an interception on the next drive in today's game, it's absurd.

[Dob Hooligan]

I guess you didn't actually read my post because your knee was jerking in reaction. In an ideal world we wouldn't find it necessary to have a military and send our children off to often needless wars. How is it "necessary" to legalize yet another vice?

My son joined the Army National Guard at 18. I was opposed, but it was his legal right. He continues to serve and is nearing 20 years in. My phone has not been turned off since he joined. I am proud of his service. I will always believe any person who can be asked for the last full measure of devotion should be considered a full adult.

[aDark]

As anyone who has raised children can tell you, the brains of boys especially, have not fully developed in the area of self-control. The fastest rising age group of gambling addicts is 21 to 24 year olds with an alarming number between ages 18 and 21.

Legalized sports betting is just another thing that isn't necessary adds nothing to society. Just because something feels good doesn't mean do it.

This is starting to sound like a tired high-school debate topic.

Okay MugofBeer, you know have executive authority. What age is appropriate, if ever, to allow people to gamble on sports? If no gambling on sports futures, should we outlaw gambling on cards or table games? Raise the age to your chosen age? Allow girls to gamble earlier since they've got "more developed brains?"

Also, to those bringing up option trading and Robinhood, etc. I would chime in that anecdotally it's a helluva lot more dangerous. For sports gambling, especially in it's current iteration of "fantasy" there's an understanding that you're betting on a game. For options trading which is both accessible and advertised - there's a false belief that "investing" is somehow different than outright gambling. Anecdotally, I don't know anyone under 40 who has lost their ass or significant savings by gambling on sports. I do know several who have lost 10s of thousands (sometimes more) trying to time the market on quickplay options.

[Pete]

^

I know a bunch of people who have gotten themselves into very deep trouble through sports gambling.

One embezzled at work to pay the debts and spent time in prison, two others embezzled money at work and one got a suspended sentence and another barred for life from working in a financial institution.

And those are just the ones I know of. Gambling addiction is very easy to conceal because, unlike alcohol or drugs, there are no physical signs. And based on everything I've read, the biggest problems are those in college or just out, and most of use aren't running around with people in that age group.

[FighttheGoodFight]

I guess I am fine with sports betting but would prefer to not see Advertisements on it. Same goes for alcohol and prescription drugs.