Whether by court decision or legislative change, gambling's next expansion in the United States will be sports wagering. However, state and federal policymakers and regulators have limited experience in addressing the many issues that are presented by regulated sports wagering. The challenges they will face are complicated by the fact that sports betting is a global industry encompassing both legal and illegal markets. This book first provides a detailed explanation of the scope and economics of the sports wagering industry and a description of how sportsbooks operate. It then describes the evolving legal landscape for sports wagering in the U.S., culminating in the Supreme Court case that considered New Jersey's challenge to the federal law that has limited sports betting to the state of Nevada. With this foundation, the book turns to an examination of the range of issues that legislators and regulators must consider in establishing regulated sports wagering, such as the need to protect the integrity of sporting events from corruption by criminal elements. Other important topics discussed include the level of regulation needed for sportsbook operators, the proper role of the federal and state governments, taxation, international cooperation, preventing illegal wagering, the role of data collection and analysis, and how to maximize innovation and patron engagement. Legalization is only the beginning of the journey of offering sports betting in the U.S. The authors offer guidance to policymakers as they take up the daunting task of building a regulatory structure for sports wagering. As the book illustrates, the decisions made on how to regulate sports betting will go a long way toward determining the success of this popular form of gambling.

Discussions in this book include taking gambling losses and expenses off your taxes, how to avoid paying gambling debts, what to do if you feel you are cheated, whether a home poker game is legal, what to do if you are arrested, your rights in a casino,can counting cards be legal, how to keep from being blacklisted by casinos, getting a gambling license, reducing taxes if you win big in the lottery and more.

This unique book delves into a number of intriguing issues and addresses several pertinent questions including, should gambling markets be privatized? Is the ‘hot hand’ hypothesis real or a myth? Are the ‘many’ smarter than the ‘few’ in estimating betting odds? How are prices set in fixed odds betting markets? The book also explores the informational efficiency of betting markets and the prevalence of corruption and illegal betting in sports.

A study of gambling, particularly sports gambling, and how it has thrived in American culture. According to Davies and Abram, the culture of betting results from two complementary influences in American society: risk-taking and speculation. This is the first effort by academic writers to describe and interpret the history of sports wagering in the United States. Although many books have been written about 3how to bet and win, 4 Betting the Line presents a serious history of this popular activity in Colonial and Civil War eras to today, from early betting on horse racing and baseball to the modern venues of basketball and football. By considering topics as diverse as the business of a bookie, the expansion of legalized gambling, and the increase in popularity of televised sports, the authors offer readers an insightful look into a practice that has become commonplace in American popular culture. In a mere seventy years, the number of states where gambling is legal jumped from one to forty-eight. Yet Nevada remains the only state where sports betting is legal. This book challenges many long-standing myths and stereotypes that revolve around the enterprise, arguing that sports gambling is reflective of the American free enterprise culture.

Philip Hamburger’s Law and Judicial Duty traces the early history of what is today called "judicial review." The book sheds new light on a host of misunderstood problems, including intent, the status of foreign and international law, the cases and controversies requirement, and the authority of judicial precedent. The book is essential reading for anyone concerned about the proper role of the judiciary.

The story of the Wire Act and how Robert Kennedy’s crusade against the Mob is creating a new generation of Internet gaming outlaws.Gambling has been part of American life since long before the existence of the nation, but Americans have always been ambivalent about it. What David Schwartz calls the “pell-mell history of legal gaming in the United States” is a testament to our paradoxical desire both to gamble and to control gambling. It is in this context that Schwartz examines the history of the Wire Act, passed in 1961 as part of Attorney General Robert F. Kennedy’s crusade against organized crime and given new life in recent efforts to control Internet gambling. Cutting the Wire presents the story of how this law first developed, how it helped fight a war against organized crime, and how it is being used today. The Wire Act achieved new significance with the development of the Internet in the early 1990s and the growing popularity of online wagering through offshore facilities. The United States government has invoked the Wire Act in a vain effort to control gambling within its borders, at a time when online sports betting is soaring in popularity. By placing the Wire Act into the larger context of Americans’ continuing ambivalence about gambling, Schwartz has produced a provocative analysis of a national habit and the vexing predicaments that derive from it. In America today, 48 of 50 states currently permit some kind of legal gambling. Schwartz’s historical unraveling of the Wire Act exposes the illogic of an outdated law intended to stifle organized crime being used to set national policy on Internet gaming. Cutting the Wire carefully dissects two centuries of American attempts to balance public interest with the technology of gambling. Available in hardcover and paperback.

Winner of the 2018 Current Events/Social Change Book Award from the Next Generation Indie Book Awards Winner of the 2018 Bronze Current Events Book Award from the Independent Publisher Book Awards Generations ago, gambling in America was an illicit activity, dominated by gangsters like Benny Binion and Bugsy Siegel. Today, forty-eight out of fifty states permit some form of legal gambling, and America’s governors sit at the head of the gaming table. But have states become addicted to the revenue gambling can bring? And does the potential of increased revenue lead them to place risky bets on new casinos, lotteries, and online games? In Gangsters to Governors, journalist David Clary investigates the pros and cons of the shift toward state-run gambling. Unearthing the sordid history of America’s gaming underground, he demonstrates the problems with prohibiting gambling while revealing how today’s governors, all competing for a piece of the action, promise their citizens payouts that are rarely delivered. Clary introduces us to a rogue’s gallery of colorful characters, from John “Old Smoke” Morrissey, the Irish-born gangster who built Saratoga into a gambling haven in the nineteenth century, to Sheldon Adelson, the billionaire casino magnate who has furiously lobbied against online betting. By exploring the controversial histories of legal and illegal gambling in America, he offers a fresh perspective on current controversies, including bans on sports and online betting. Entertaining and thought-provoking, Gangsters to Governors considers the past, present, and future of our gambling nation. Author's website (http://www.davidclaryauthor.com)