A properly managed national lottery could return a financial windfall to states, much the same way most casinos do in funding projects around cities where the casinos are based.
Let's be real about one thing. We won't solve the national debt with a sports lottery. But in a time where politicians are grappling with decisions about what to cut and where to cut, a national lottery or sports-betting game might be an idea whose time has come.
Bold, outside-the-box thinking may solve budget issues instead of the old, in-the-box ways of doing things.
No doubt Las Vegas would scream about this to high heaven. The casino industry in Las Vegas prides itself on offering something you can't find at your average gas station or mom-and-pop party store.
There are positives: Money raised for pet projects in states, a chance to try your luck on something you know (sports), and an exciting opportunity for state lotteries to offer something new. Oregon tried it for almost two decades before abandoning the lottery in 2006 at the behest of the NCAA. After all, the NCAA wouldn't let Oregon host tournament games. The simple solution to this is not to offer the lottery to college games or severely limit the games that can be bet on.
The negatives involve more emphasis on gambling and a risk for someone to lose their shirt on something they don't understand.
What do you think? Myself, I have no "skin in the game". I could live without betting on sporting events myself.
If Governor Christie is suggesting something, however, could his sneeze on this subject make more states catch cold?
What If You Could Bet On Sporting Events Anywhere?