Why Congress isn't closing a loophole that fosters gambling on college Free Essay, Term Paper and Book Report
Is it possible that an industry in one state can stymie legislation
sought by community leaders in the other 49?
You bet.
Not only is it possible. That's the way it works in the world of
campaign contributions. Gambling on college sports is a case study of
how Big Money runs Washington.
Eight years ago, at the urging of worried coaches and university
presidents, Congress outlawed betting on collegiate sports in every
state except Nevada.
Since then, the big money at stake has become a bad influence on campus,
riddling college sports with such corruption as game rigging and point
shaving. Dozens of athletes have been convicted or suspended. When you
follow the money in these cases, it leads to one place: Nevada. That's
because student athletes profit from legal bets placed in Las Vegas and
Reno casinos, and, far more significantly, bookies in the other 49
states funnel illegal bets into those casinos to protect themselves from
having to pay out on unlikely winners at high odds.
There has been an outcry from universities and even some alarmed members......
Word Count: 4003
Page Count: 16 (250 words a page / double spaced)
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