Wednesday, June 22, 2016
New York State is getting sports betting what a bunch of Hippocrates
JUST GIVE THAM A PEICE OF THE ACTION !!!!
When DraftKings and FanDuel blitzed broadcasts with hundreds of millions of dollars in commercials at the beginning of the N.F.L. season last year, daily fantasy sports appeared to be a virtual cash machine. Each company was valued at more than $1 billion, and their investors included Major League Baseball, the N.B.A., and the N.F.L. owners Jerry Jones and Robert K. Kraft, as well as major media companies like NBC.
Companies will pay the state the equivalent of 15.5 percent of their revenue to operate, an amount that supporters have estimated to be nearly $6 million a year. Funds collected by the state will be directed to an education fund run by the state lottery.
YOU HAVE NO IDEA HOW MANY YOUNG KIDS ARE "GAMBLING" ON FANTACY SPORTS AND ARE ALREADY SEEKING HELP FOR GAMBLING ADDICTION . ARNIE WEXLE
Arnie Wexler, a New Jersey-based former gambler
and author, who runs a national gambling help hotline,
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says fantasy sports are a
"gateway drug" to serious problems.
"When you have that gambler's gene, fantasy
sports are going to lure you into more gambling,
'' he says
Wexler says when online poker first began,
his hotline was flooded within a year by calls
from young players ages 12 to 30. "A year from now,
you're going to have thousands of young people just
starting now with fantasy sports coming in for problems
with gambling addiction.''
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Arnie and Sheila Wexler have provided extensive training on Compulsive, Problem and Underage Gambling, to more than 40,000 gaming employees (personnel and executives) and have written Responsible Gaming Programs for major gaming companies. In addition, they have worked with Gaming Boards and Regulators, presented educational workshops nationally and internationally and have provided expert witness testimony. Sheila Wexler is the Executive Director of the Compulsive Gambling Foundation. They also run a national help line (888 LAST BET) and work at Recovery Road, a treatment facility in Palm Beach Gardens, Florida that specializes in the treatment of those suffering with gambling addiction