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 realistically ever going to be silence or content?.
To trace the tracks to the start of mending this problem, we need to go.
back to 1992. This is the year that the Professional and Amateur Sports.
Protection Act took precedence. This law restricts gambling on amateur sports.
in 46 states and essentially leaves Nevada as the only state that can take bets.
on those games. Sen. John McCain (R-Ariz) and Rep. Lindsay Graham (R-S.C.).
are striving to get two separate bills passed, both of which are targeted at.
prohibiting gambling on amateur sports. The bills were introduced a year ago,.
and at the time, were heavily favored. The bills would legally put a stop to.
betting on NCAA games, the oh-so-notorious March Madness (the NCAA.
Tournament), and wagering on all college sports for that matter. Las Vegas.
casino lobbyist have turned offensive. Who wouldn't, if there were possibilities.
of losing a $700 million cash cow, with approximately $70 million on March.
Madness?.
The money that is generated from sports betting both legal and not, is.
much too vast to be eradicated. Nevada is the tree trunk for which sports.
gambling is derived. The casinos are complete with giant electronic boards that.
offer information on daily events ranging from odds to player injuries.