â†µAnd not a moment too soon. Delaware was set to start taking bets on single games on Sept. 1. The state, which has 14 days to appeal, will still be allowed to take parlay bets, because they ran a football-only parlay system for one year in the '70s. Curious, though, because if the idea is to keep people from bankrupting themselves by gambling, that's an interesting tactic when the road to rack and ruin is paved by bad parlays. â†µâ†µ
â†µAnd not only does it suck for fans -- Delaware gets to be doubly screwed on this deal too. Sorry, Delaware! â†µ
â†µâ‡¥The sports lottery was estimated to bring in at least $53 million annually. The state's three casinos spent about $12 million upgrading their facilities in preparation of the launch. At the heart of the arguments in the two-hour-long hearing was the legal interpretation of the federal ban on sports betting that went in place in 1992. â†µâ†µ
â†µCertainly the online brokers will enjoy the revenue they thought they might have lost this year, because the gambler, now minorly stymied, isn't going away, just elsewhere. So the big leagues, and the NFL in particular, can continue pumping out team endorsed lottery tickets (because that's not in any way gambling!), but continue to take a foursquare stance on single-game wagers. And that's why we love them. â†µâ†µ
â†µThere's little chance Delaware is just going to sit on the $12 million they lost in upgrade costs alone without pursuing this further, but even if it doesn't entirely presage doom for gambling prospects in the state, it will severely protract the time until it could become a reality. â†µâ†µ
This post originally appeared on the Sporting Blog. For more, see The Sporting Blog Archives.