To Bet or not to Bet: Sports Gambling, Golf, and Efficient Markets

2014 ◽  
pp. 201-224
2015 ◽  
Vol 53 (2) ◽  
pp. 375-376

Robert Flood of Notre Dame Emeritus reviews “Super Golfonomics”, by Stephen Shmanske. The Econlit abstract of this book begins: “Explores topics in economics and related fields using the economic and statistical analysis of the sport of golf. Discusses the economics of slow play; golf course waiting─the good, the bad, and the ugly; consistency or heroics; skills, performance, and earnings in the tournament compensation model─evidence from PGA Tour microdata; gender discrimination revisited; gender and driving distance; examining which tournaments exempt golfers choose to enter; the use of regression analysis to examine how golfers decide which tournaments to enter; sports gambling, golf, and efficient markets; the search for economic impact─the case of the golf Majors; and lines of research that others have undertaken.” Shmanske is at California State University.


Author(s):  
Daniel L. Wallach

Recent state legislation regulating fantasy sports contests may present a different type of threat to the nascent fantasy sports industry—the possibility that the U.S. Attorney General (or others) could invoke PASPA to enjoin the state law. This is the same law that prohibits states from legalizing traditional, single-game sports betting. Although PASPA has not yet surfaced as an obstacle to state legalization of DFS, it may emerge as an important issue as additional state legislative measures are introduced, particularly with a new U.S. Attorney General potentially taking a harder look at Internet gambling generally. Further, as more and more states begin passing laws legalizing daily fantasy sports contests, many have begun to question why some forms of sports gambling are allowed but not others. This chapter examines how PASPA could apply to state-sanctioned fantasy sports and provides an analytical framework for assessing the viability of such legislation under PASPA.


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