Are you not entertained? Well, more is on the way!
As you may have heard by now, the Supreme Court of the United States (SCOTUS) has legalized sports betting across the nation.The court ruled that states have the right to legalize or criminalize gambling.
That means one thing: soon every state will have legal gambling in order to bring in more tax revenue to their coffers. In the short-term, it will help the state of Rhode Island, since the state is banking on bringing in $23 million from sports gambling in the next fiscal year.
Billionaires and Millionaires Smiling
The decision may make sense from a legal standpoint, but it represents just another step backwards towards America’s cultural decline.
The big winners in the decision are the professional sports leagues. The National Football League (NFL), the National Basketball Association (NBA), Major League Baseball (MLB), and the National Hockey League (NHL) will all see spikes in viewership.
How nice! That means the billionaires who own the teams will have more billions. And the millionaires who play kids games for a living will make even more millions. A few of them might even become billionaires themselves. Count this as a major win for the sports entertainment industry.
The losers? Well, that’s basically everyone else. Basically, everyone reading this. In particular, the Las Vegas economy will suffer, since a significant portion of the people who live and go there do so because it’s one of the few places currently with legalized gaming.
The American version of Bread and Circus, which is a focus on sports and reality television will continue on strong. This just adds to it.
We weren’t paying attention anyhow, but the American people, with their increased attention towards sports and betting their paychecks on the outcome of a bouncing ball, will pay even less attention to civics. That will allow politicians to continue to run roughshod all over the populace.
Taxpayers Won’t Win
One might be tempted to think that state taxpayers are a winner in this, but they’re not. Sure, the states will take in more revenue. But there’s a curious thing about governments–the more they get, the more they spend. If the government takes in $1 dollar in revenue. it will spend $2.
So anyone who thinks this expansion of gambling is going to be some kind of great panacea has another thing coming. I can picture it already. “Where did all that gambling revenue we are bringing in go?”
This legalization of gambling will put an additional strain on social services. The people who gamble away their paychecks are going to have to seek services like food stamps to make ends meet.
But hey, at least we’ll be able to get some legal action. Does anybody know the moneyline on tonight’s Red Sox game?