UNLV and GVC Holdings

  • UNLV released a report titled “The Big Questions: Sports Wagering in America” where they look to find a responsible path forward for sports betting in the U.S.
  • The 33-page report focuses on whether regulating sports betting with integrity is possible countrywide.
  • The report also looks at the effects of sports betting on youth.

LAS VEGASThe University of Nevada, Las Vegas (UNLV) International Gaming Institute (IGI) has released a report that looks at the effects of sports betting nationwide in order to see the impact of regulated sports betting moving forward.

The report is sponsored by GVC Foundation US, a responsible gambling and sports integrity non-profit organization.

The report, titled “The Big Questions: Sports Wagering in America” raises many questions about legal sports betting in the US and how it affects the youth.

The Big Questions

One of the main focuses of the 33-page report is whether or not it is even possible to regulate sports betting in the US in a way that keeps the integrity of gambling at the forefront.

Many states have failed to push sports betting through their legislation as lawmakers, state senators, and citizens all protest sports betting as a whole.

The report’s goal is to analyze the impact of sports betting on the states that have already regulated the practice in an attempt to see how other states would be impacted should they regulate sports betting.

“Our goal in drafting questions for the study was to highlight all major aspects of sports betting – the good, the bad and the ugly,” said Martin Lycka, Trustee of GVC Foundation US and Director of Regulatory Affairs for GVC Holdings. “For sports betting to be the fun, safe, and well-structured enterprise that it’s meant to be, our industry needs to commit to honestly presenting its unique components to all regulators and legislators alike.”

The UNLV IGI always pushes to view things in an academic light. The idea is that studying the effects of sports betting in the states with regulated betting can better aid lawmakers in unregulated states come to a decision.

“We expect to see a surge in the popularity of sports betting as the US acclimates to this ‘new normal’,” said Bo Jason Bernhard, Executive Director of UNLV IGI. “As researchers, we want to ensure that this industry is regulated in a way that fosters the socio-economic benefits of gambling while minimizing its harms.”

 

“As always, the IGI seeks to shed academic light on the major debates of the day, bringing together our ‘dream team’ of experienced and multi-disciplinary thinkers to weigh in on the big questions. Today, US policymakers can rely on an independent evaluation that covers a range of key issues, thanks to this first-of-its-kind report.”

UNLV IGI expects lawmakers to use the study as a guideline moving forward when deciding whether or not to regulate sports betting.

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