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Summary: The month of March is known for two things: Saint Patrick's Day and March Madness. The phenomenon of 64 college basketball teams battling it out for the top spot in the NCAA tournament is met with extreme amounts of illegal gambling. It is estimated that this year the total amount of money bet is $10 billion dollars, with only a third of this coming from legal means in Nevada. Geoff Freeman, the CEO of American Gaming association attributed the illegal betting to be not practical and works against the country as a whole stating "The failed federal ban on sports betting has created an illegal, unregulated sports betting market that offers zero consumer protections and generates zero revenue for state and tribal governments."
Analysis: Making a bracket is part of many American's experience with watching the NCAA tournament as it makes them more invested in teams that they may not have an outside attachment to, making every game important to their brackets success. From a marketing standpoint this is a great way for stations to pull in viewers as they would be drawn to games that they would not necessarily be interested in. Betting seems to be inevitable and to not address the issue in a reasonable manner by providing easier legal ways of betting they are perpetuating the issue. Through legalization the government would better able to monitor the betting and could provide ways of mitigating the issues associated with betting.
Questions:
1) Should betting for amateur sports be legalized?
2) Is betting morally just?
3) Who do you have winning the tournament? =)















