Do You Approve or Disapprove of the NFL’s Embrace of Gambling Sponsorships?

[Steve Billieve]

Just now, GoBills808 said:

so from my understanding

 

you are still supposed to report all winnings (cash out or no) and most sites arent sending w2gs

 

I mean sure, but no one expects you to. It's like how you were supposed to reports sales tax for online purchases before they made it law. Obviously not a single person did, and no one expected you to.

[GoBills808]

Just now, Steve Billieve said:

 

I mean sure, but no one expects you to. It's like how you were supposed to reports sales tax for online purchases before they made it law. Obviously not a single person did, and no one expected you to.

for the recreational gambler thats likely true

 

but for professionals or big winners who may end up getting their earnings reported they all should and usually do file

 

disclaimer i am not an accountant and this is not legal advice

[Steve Billieve]

Just now, GoBills808 said:

for the recreational gambler thats likely true

 

but for professionals or big winners who may end up getting their earnings reported they all should and usually do file

 

disclaimer i am not an accountant and this is not legal advice

Absolutely, that was my prior point in many ways.

Also, not an accountant, but folks, if you win more than 5k report! It's a very easy audit.

[Billy Claude]

This was probably was mentioned before but the rules should be the same as for tobacco; legal but with strong restrictions on promotion/advertising.  That would take it out of the NFL's direct revenue stream. and make the situation less hypocritical.  It's not like the NFL having an extra revenue stream helps the fans in any way at all.

 

Draftking is required to report net annual winnings of over $600 to the IRS. So you will be taxed.

 

https://help.draftkings.com/hc/en-us/articles/4414347431955-What-are-the-1099-Misc-reporting-thresholds-for-DraftKings-Daily-Fantasy-Sports-Reignmakers-and-Pick6-winnings-US#:~:text=If you have greater than,from the prior calendar year.

 

 

 

Edited May 30 by Billy Claude

[Mat68]

I see a large number said no due to more likely to get fixing or shaving.  I think it is the opposite.  By it being easily accessible it is also much easier to track.  Geo tracking and gambling habits make suspicious behavior much easier to catch.  You will see more players getting caught for dumb things but a massive scandal would be near impossible to pull off now.  Casinos get the bettors caught because they wont have to pay.  The Raptors player is an easy example.  A lot of money came in on a prop for a middling player.  Seemed shady.  It was and he was caught. 

[Billy Claude]

2 minutes ago, Mat68 said:

I see a large number said no due to more likely to get fixing or shaving.  I think it is the opposite.  By it being easily accessible it is also much easier to track.  Geo tracking and gambling habits make suspicious behavior much easier to catch.  You will see more players getting caught for dumb things but a massive scandal would be near impossible to pull off now.  Casinos get the bettors caught because they wont have to pay.  The Raptors player is an easy example.  A lot of money came in on a prop for a middling player.  Seemed shady.  It was and he was caught. 

 

The prop bets parlays are so easy to fix that it is ridiculous that they have them.   The Raptor player, Jontay Walker, simply had to take himselft out of the game with an "injury" to make sure the parlay that he wouldn't make his averages in points, rebounds, and assists hit.  Payoff on the parlay was a bit under 15 to 1.  I was very surprised that the gambling sites allow a parlay on something that is so obviously correlated.   He wouldn't have been caught if he didn't do it twice and if fewer people placed bets on him.

 

[NoHuddleKelly12]

15 minutes ago, Billy Claude said:

This was probably was mentioned before but the rules should be the same as for tobacco; legal but with strong restrictions on promotion/advertising.  That would take it out of the NFL's direct revenue stream. and make the situation less hypocritical.  It's not like the NFL having an extra revenue stream helps the fans in any way at all.

 

Draftking is required to report net annual winnings of over $600 to the IRS. So you will be taxed.

 

https://help.draftkings.com/hc/en-us/articles/4414347431955-What-are-the-1099-Misc-reporting-thresholds-for-DraftKings-Daily-Fantasy-Sports-Reignmakers-and-Pick6-winnings-US#:~:text=If you have greater than,from the prior calendar year.

 

 

 

A lot of great thoughts/replies in this thread so far. I’m with you on the tobacco angle—have it be legal but restrict advertising/direct promotion of the product by the league itself. I think that could help sort much of the perception issue as well as not make the NFL beholden to such financial leverage plays (no pun intended). 

[Mat68]

11 minutes ago, Billy Claude said:

 

The prop bets parlays are so easy to fix that it is ridiculous that they have them.   The Raptor player, Jontay Walker, simply had to take himselft out of the game with an "injury" to make sure the parlay that he wouldn't make his averages in points, rebounds, and assists hit.  Payoff on the parlay was a bit under 15 to 1.  I was very surprised that the gambling sites allow a parlay on something that is so obviously correlated.   He wouldn't have been caught if he didn't do it twice and if fewer people placed bets on him.

 

But what is gained for a professional athlete to make a couple hundred bucks on a bet?  Juice isn't worth it.  For it to be worth while it will be caught pretty quickly. Even a few thousand would raise suspicion in this players case.  

[transient]

I don't care one way or the other. The thing that irks me is the league's hypocrisy about it. They can ***** the players out to appear in the commercials and then suspend them for using the product... that's like suspending Mean Joe Greene for drinking a Coke or suspending Baker Mayfield for subscribing to Hulu. 

[Mat68]

10 minutes ago, transient said:

I don't care one way or the other. The thing that irks me is the league's hypocrisy about it. They can ***** the players out to appear in the commercials and then suspend them for using the product... that's like suspending Mean Joe Greene for drinking a Coke or suspending Baker Mayfield for subscribing to Hulu. 

They cant bet on football or from team facilities.  At home they could bet on baseball or whatever. 

[Ballhawk]

"Greed is good." It was true in the movie Wall Street in 1987 and it has become the mantra for north American society in the 21st century. 

NFL owners, individual players, celebrities in commercials all trying to fill their pockets with gambling money. When is enough money...enough? Unfortunately our society seems to be promoting that there is no limit to amount we should seek and the NFL pro sports partnerships with legalized gambling is simply and extension of that.

The NBA recently lambasted Jontay Porter with a lifetime ban, Pete Rose is still waiting for his HOF call...but let's keep pushing this drug of choice so the rich can get richer. It is actually kind of scary to see how far people will go to justify their own interests. The hypocrisy is very real and is likely only to worsen.

Edited May 30 by Ballhawk

[Billy Claude]

17 minutes ago, Mat68 said:

But what is gained for a professional athlete to make a couple hundred bucks on a bet?  Juice isn't worth it.  For it to be worth while it will be caught pretty quickly. Even a few thousand would raise suspicion in this players case.  

He didn't make the bet himself.  I assume he was paid to make sure the unders hit.

 

There was a lot of money from various sources placed on the unders.  That's how he was caught. The biggest single bet was 80k which have pay off 1.1M.

[Mat68]

1 minute ago, Billy Claude said:

He didn't make the bet himself.  I assume he was paid to make sure the unders hit.

 

There was a lot of money from various sources placed on the unders.  That's how he was caught. The biggest single bet was 80k which have pay off 1.1M.

Right but it wasn't paid.  Case in point.  The action is easy.  Take a seat hit the under.  Hard part is getting paid and not getting caught.     

[appoo]

https://www.cbssports.com/nfl/news/chiefs-patrick-mahomes-outsmarts-the-nfl-by-appearing-in-beer-commercial-thats-not-technically-about-beer/

 

This is how hard NFL players have to work to be in Beer commercials.

 

So look, I'm not huge into social engineering from our big entities, such as the NFL - but there's a health risk that needs to be weighed here, and the fact of the matter is that gambling is addictive, and has massive repercussions on our society.

 

The NFL, and other sports, should not be promoting gambling like this, and normalizing it. If people wanna gamble, fine, but don't market it is a family activity. You don't do that with Alcohol, drugs, and sleeping with escorts - why would you with gambling?

[Billy Claude]

12 minutes ago, Mat68 said:

Right but it wasn't paid.  Case in point.  The action is easy.  Take a seat hit the under.  Hard part is getting paid and not getting caught.     

They definitely paid out the first time and he would have probably not been caught if he didn't get it twice in a few months.

 

But I am not saying it is the smart thing to do but sooner or later there will be players desperate enough or stupid enough to do it.

[frostbitmic]

My money = I'd lose,  so gambling for me doesn't happen often, I'll buy a lottery ticket when it gets to half a Billion, or if I go to a casino I'll spend more on drinks than I do gambling. But I've never had an interest in any of these gambling sites.

 

Your money = Don't care, spend it as you want.

[Chicken Boo]

6 hours ago, mannc said:

Those numbers seem way low…$2.3 billion a year is chump change for the NFL.  Gotta be much more than that, otherwise, why take the risk?

 

$2.3 billion in additional revenue isn't chump change to any organization.  

[mannc]

30 minutes ago, Chicken Boo said:

 

$2.3 billion in additional revenue isn't chump change to any organization.  

It's pretty small percentage of the league's annual revenue...certainly not enough to risk the integrity of the game... 

[Augie]

2 hours ago, Mat68 said:

I see a large number said no due to more likely to get fixing or shaving.  I think it is the opposite.  By it being easily accessible it is also much easier to track.  Geo tracking and gambling habits make suspicious behavior much easier to catch.  You will see more players getting caught for dumb things but a massive scandal would be near impossible to pull off now.  Casinos get the bettors caught because they wont have to pay.  The Raptors player is an easy example.  A lot of money came in on a prop for a middling player.  Seemed shady.  It was and he was caught. 

 

That’s exactly who I was trying to think of. Another set of eyes to catch shady stuff seems like it wouldn’t be a bad thing. 

[Doc Brown]

Individual player prop bets would be the easiest thing for a player to control.  They should pry get rid of those.  Maybe Diggs took the under in his receiving yards the 2nd half of last season.