People in states that prohibit sports betting have never had more options for doing so anyway, and none involve interstate travel.
And what's wrong with that? Sports betting is available, or soon to be available, in all bordering states but Vermont. It doesn't matter how the lottery his doing; sports betting is an easily tapped revenue stream that Massachusetts has refused to tap for far too long. This gambling revenue will, overall, supplement the lottery money. It's not a zero-sum game. People aren't going to stop buying $10 worth of scratch tickets every time they go to the convenience store and put $10 on the Red Sox vs. Toronto instead. The potential reward for the lottery bet(s) is much higher.Even if this happens, and it probably will, nothing is going to help AM850 be anything more than a .1 player in the 6+ numbers.
There are already more well established media offerings including shows on cable sports networks that cover the same topic but with flashy graphics.
IMHO MA is only doing this to grab the tax revenue from winnings in the face of the lottery games having reduced revenues.
Also heard: "Gambling is a tax on the poor." Same bullcrap, different bull. Sanctimonius, moralistic, judgmental, repressive bullcrap. Some legislators still think the Puritans are setting the rules."Gambling is a tax on stupidity" ( source unknown)
The total handle (money bet) is going to be subject to a 15-17 percent tax (withholding) which will be reflected in odds offered and subsequent payouts. It's slightly less than the "takeout" on horse racing. But yes, it's higher than New Hampshire's or Connecticut's. The average Joe who just wants to bet on sports legally won't be aware of that.I know in some of the early stuff I was reading the tax rate was higher than the surrounding states.
So I need details on that
How about combining formats and attracting more listeners through legalizing internet wagering on church bingo games!?!? 🤑 🤑 🤑I think WHDH-AM should switch to Traditional Catholic radio programming. Latin Mass every day live from a certain church in Boston and teaching programs the rest of the day. How about the Rosary and other devotions like Vespers?