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Featured

Sports Betting on Newspaper Websites? It Could Happen

By Graham Rayman, Friday, Oct. 2 2009 @ 12:39PM
Comments (5)
Categories: Graham Rayman

printisundead.jpg
​
In this week's cover story about the state of local daily newspapers, we mentioned New York Daily News owner Mort Zuckerman's idea to allow sports gambling on his newspaper's website.

In an interview with Forbes business magazine earlier this year, Mort said, "There is something that can be done [to save newspapers], and the federal government ought to do it: allow sports betting on newspaper websites."

"Plenty of British papers do this; for them it's a crucial part of their net revenue stream," he continued. "I know a major newspaper in London that makes $15 million a year from sports betting alone."

Well, as strange as that idea sounded, there's actually an effort underway in Washington that could eventually allow it to happen.

Massachusetts congressman Barney Frank has proposed a bill that would legalize internet betting by eliminating federal law that prevents banks from sending cash over the web to pay for gambling. Frank has also asked the Treasury Department to hold off on enforcing the ban.

"I would repeal that impediment," Frank tells the Voice. "Now, there may or may not be state laws that prevent it, but the federal restriction would be removed."

So, take heart, Mort. You may indeed one day be able to make money on the Jets and the point spread.

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  • Barney Frank
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Comments (5)

Dave Lucas says:

It seems newspapers have fewer options. Next we'll see those photos that move (like the ones on newspapers in Harry Potter movies) and perhaps type that can be transmitted electronically (newspaper would "expire" at the end of the day)!

Posted On: Friday, Oct. 2 2009 @ 1:45PM
Sports Betting lover says:

Earlier, gambling was limited to horses but with these online sports betting sites, the concept of betting on sports teams and even individuals has taken root. So for me this could be possible.

Posted On: Saturday, Oct. 3 2009 @ 3:54AM
Sports betting says:

Wonderful posting . Very informative and descriptive one. This is very useful and valuable. Thanks for posting.

Posted On: Tuesday, Oct. 6 2009 @ 2:00PM
Nathan Pearce says:

As long as its part of a wider move to open up the industry, its surely a good thing. If his plans are to make it exclusive to newspaper sites, its not such a good thing!

Check out Right2bet for the latest and a petition on the fight to deregulate the online gambling industry!

www.right2bet.net

Posted On: Monday, Oct. 26 2009 @ 5:22AM
sports betting says:

What is the problem with Sports Betting on Newspaper Websites since that such sites can attract more.

Posted On: Friday, Oct. 30 2009 @ 8:00AM

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