In Nebraska, the conversation about expanding online sports betting has reached a critical juncture, as notable state figures, including former football coach Tom Osborne, articulate their opposition. This discussion aligns with the state’s contemplation of two constitutional amendments that would permit voters to decide on online mobile sports wagering in the upcoming November ballot.
Voices of Concern Against Online Betting
Osborne, along with other prominent figures such as former Governor Kay Orr, U.S. Senator Pete Ricketts, and State Auditor Mike Foley, has publicly expressed concerns regarding the potential social costs of expanding gambling. In a collective statement, they cautioned lawmakers about the economic and social repercussions, particularly highlighting the risks of increased gambling addiction among the youth. “I see this being very dangerous, particularly for young people,” Osborne stated, asserting, “I can guarantee you there will be increased addiction and increased costs.”
Economic Arguments for Expansion
Contrasting Osborne’s apprehensions, State Senator Eliot Bostar advocates for the expansion, arguing that Nebraska is forfeiting significant revenue to neighboring states, notably Iowa. Bostar, who introduced the constitutional amendment LR 3, claims that Nebraska is losing approximately $32 million annually. He proposes that this money could instead be utilized to reduce property taxes within the state. “Nebraska is giving them a tremendous amount of money. I think we should keep that. I think we should use that money to lower property taxes,” Bostar emphasized.
A recent industry-conducted poll supports Bostar’s position, indicating that 65% of respondents favor online sports wagering if the generated revenue aids in property tax relief. Lance Morgan of Ho-Chunk noted, “This is new tax revenue. It’s not a shift. Although we’re shifting from Iowa which is going to lose $100 million.”
Technical Insights and Public Sentiment
Supporting the economic argument, Danny DiRienzo from GeoComply shared data reflecting half a million bets placed just across the border in Iowa, likely by Nebraskans. This statistic underscores the prevalence of cross-border betting and the potential retention of these funds within Nebraska if online betting were legalized.
Governor Jim Pillen has suggested that the decision on online sports betting should be left to voters, although he acknowledges the concerns raised by his former coach and other opposition figures. “Promoting online sports betting will not result in a net benefit in Nebraska taxpayers,” Osborne concluded.
Legislative and Public Debate Continues
As Nebraska lawmakers continue to debate the proposed legislation during special sessions focused on reducing state property taxes, the outcome remains uncertain. No definitive actions were taken during the recent hearings, but the dialogue reflects a significant divide between economic benefits and social risks associated with online sports betting.
Whether Nebraska will join the growing number of states embracing online sports betting or heed the cautionary advice of its notable figures is yet to be seen. The decision will likely resonate far beyond the November ballot, shaping the state’s economic landscape and social policies.
Source:
Nebraska leaders voice opposition to online sports betting expansion, ketv.com, August 1, 2024.
The post Nebraska’s Online Sports Betting Expansion Faces Opposition appeared first on Casino News Daily.
