In a move that could either be good news or bad news depending where you stand, the state of Delaware is planning to come up with a bill that would make sportsbetting legal. Of course, there is more to it than that – the legal aspect would be extended only to a state-run sportsbook which would be overseen by the Delaware Lottery.
On the state’s part, Republican Representative Vincent Lofink holds evidence that this activity could give the state up to 70 million dollars in revenue. This figure was included in the results of a study commissioned by the Video Lottery Advisory Council (VLAC) and conducted by Morowitz Gaming Advisors LLC in March. This is surely enough to make the opposition think twice. However, the professional sports sector is definitely not going to take this sitting down.
According to Jay Moyer, legal counsel to the NFL, “…the NFL, NBA, NHL and Major League Baseball would make our presence forcefully known.” He goes on to say that “We stand foursquare in our opposition.”
Why is the professional sports sector taking this stand? Mainly because they feel that betting corrupts the sport.
Of course, each to his own. People who are enthusiasts of sportsbetting believe otherwise. For those residing in Delaware and the surrounding areas, this is good news. Having a state-sponsored sportsbook will only give them more opportunities to engage in their activities. We do have to wait and see how things turn out. You know very well how it is in politics, some things take time.