MORNING. LET’S TOSS THINGS OVER NOW TO NEWS 6 MORNING ANCHOR JUSTIN WARMOTH WITH THE
WEEKLY.
>> THIS IS THE WEEKLY ON
CLICK, ORLANDO DOT COM WITH
JUSTIN WARMOTH.
>> JONATHAN: GOOD MORNING. I’M
JUSTIN WARMOTH. IT IS THE
FIRST SUNDAY OF THE NFL SEASON
AND FANS IN MORE THAN 30
STATES CAN PLACE LEGAL WAGERS
ON THEIR FAVORITE MATCHUPS.
THAT’S NOT THE CASE IN
FLORIDA, THOUGH, AS THE DEAL
BETWEEN GOVERNOR DESANTIS AND
THE SEMINOLE TRIBE REMAINS
TIED UP IN FEDERAL COURT THIS
MORNING. GAMING ATTORNEY
DANIEL WALLACH IS HERE TO
BREAK DOWN WHERE THE CASE
STANDS AND WHY IT COULD BE
YEARS UNTIL FLORIDIANS ARE
ABLE TO PLACE A BET.
>> SO A YEAR AGO, A FEDERAL
COURT JUDGE IN THE DISTRICT OF
COLUMBIA INVALIDATED THE
COMPACT WHICH HAD PROVIDED FOR
BOTH RETAIL SPORTS BETTING ON
TRIBAL LANDS AS WELL AS
STATEWIDE ONLINE SPORTS
BETTING THE COURT DECISION
RULED THAT THE ONLINE ASPECT
OF IT VIOLATED FEDERAL LAW THE
JUDGE INVALIDATED THE WHOLE
COMPACT AS A RESULT. SO RIGHT
NOW LITIGATION IS PROCEEDING
TO THE COURT OF APPEALS IN
FRONT OF THE DC CIRCUIT COURT
OF APPEALS. A BRIEFING
SCHEDULE WAS ABOUT 4 WEEKS AGO
OR OR SO. AND NOW THE PARTIES
ARE ENGAGED IN FILING LEGAL
MEMORANDA, SETTING FORTH THEIR
POSITIONS. IT WILL LIKELY TAKE
PLACE IN AN ORAL ARGUMENT IN
EARLY WOULDN’T EXPECT A
DECISION FROM THE APPEALS
COURT UNTIL LATE SPRING OF
2023. AND THEN THAT DECISION
WILL LIKELY BE APPEALED
FURTHER TO EITHER THE U.S.
SUPREME COURT OR TO HAVE THE
FULL APPELLATE COURT HERE IN A
NON BOND CAPACITY. I MEAN,
BOTTOM LINE, NO MATTER HOW THE
RULING COMES OUT, I THINK
WE’RE IN THE MIDST OF THE
FIRST OF SEVERAL YOU KNOW,
REVIEWS GOING ON RIGHT NOW.
AND I DON’T ENVISION THIS
TERMINATING AT ANY POINT PRIOR
TO 2024. SO EVEN IN THE
JUDICIAL LITIGATION, PATHWAY,
THE EARLIEST WILL HAVE ONLINE
SPORTS BETTING IS 2024 AND I
THINK IT’S UNLIKELY THAT THE
RESULT IS GOING TO CHANGE AT
THE AT THE COURT LEVEL. THE
CLEAREST PATH TO SPORTS
BETTING IN FLORIDA IS IN ALL
LIKELIHOOD THROUGH THE BALLOT
INITIATIVE PROCESS THIS YEAR
IN CALIFORNIA, VOTERS ARE
GOING TO VOTE AS TO WHETHER
THEY WANT TO LEGALIZE RETAIL
SPORTS BETTING AND ONLINE
SPORTS BETTING IN ALL
LIKELIHOOD, FLORIDIANS ARE
GOING TO GET THE SAME
OPPORTUNITY AT THE BALLOT IN
NOVEMBER 2024, THAT SEEMS AT
LEAST AT THIS POINT TO BE THE
MOST REALISTIC PATH FORWARD
FOR BOTH RETAIL AND ONLINE
SPORTS BETTING, WHICH MEANS AS
A PRACTICAL MATTER, THE FIRST
DATE, THE FIRST LEGAL BED IN
FLORIDA LIKELY WON’T BE MADE
UNTIL 2025. 2 AND A HALF YEARS
FROM NOW. BUT THAT’S REALLY A
BYPRODUCT OF THE STATES AND
THE SEMINOLES DECISION TO TRY
TO MOVE FORWARD WITH A
MONOPOLY AND CUT OUT ALL OF
THE OTHER STAKEHOLDERS. THAT
WAS A WAY FORWARD FOR SPORTS
BETTING TO BE BROUGHT LEGALLY
TO THE STATE OF FLORIDA AS
EARLY AS 2021. AND THE TRIBE
AND THE STATE OPTED TO PURSUE
A MONOPOLY. AND THAT’S WHY
WE’RE GOING TO BE WAITING TO
CLOSE 2 PLUS YEARS. AT LEAST
FOR THE COURTS TO SORT THAT
OUT. AND THEN FOR THE NEXT
OPPORTUNITY TO TAKE PLACE WHEN
VOTERS DECIDE THE ISSUE.
>> I’M WHEN THIS DEAL WAS WAS
FIRST ANNOUNCED AND THEN
RATIFIED BY THE LEGISLATURE.
IS THIS SOMETHING THAT YOU
PREDICTED WHEN YOU SAW THE
COMPACT AND WHAT WAS
ULTIMATELY AGREED UPON?
>> IT WAS SO OBVIOUS FROM THE
OUTSET THAT THIS COMPACT
VIOLATED FEDERAL LAW. THIS
THIS FEDERAL LAW IS CALLED THE
INDIAN GAMING REGULATORY ACT
AND IT GOVERNS THE CONDUCT
CONDUCT OF GAMING ON INDIAN
LANDS AND NOWHERE ELSE. THE
CASE LAW AND THE STATUTORY
LANGUAGE IS SO CLEAR THAT ALL
THAT CAN BE INCLUDED IN A IS
GAMBLING, WHICH LITERALLY
PHYSICALLY TAKES PLACE AT THE
RESERVATION AND BY INCLUDING
ONLINE SLASH INTERNET SPORTS
BETTING WITHIN THE COMPACT,
THE STATE IN THE SEMINOLE
TRIBE EXCEEDED THE BOUNDARIES
OF WHAT WAS ALLOWED BY FEDERAL
LAW. AND NOW WE’RE IN THIS
LITIGATION CYCLE WHERE NUMBER
ONE, WE’VE ALREADY GOT A
RULING THAT WHEN EXACTLY THE
WAY I PREDICTED AND THE
APPELLATE RULING IS UNLIKELY
TO HIGHLY UNLIKELY TO CHANGE.
SO THE STATE WILL HAVE COST
ITSELF A MINIMUM OF HALF A
BILLION DOLLARS A YEAR IN TAX
REVENUES BUYING PROFITABLY
PURSUING A COMPACT THAT
GRANTED THE SEMINOLE TRIBE,
EXCLUSIVITY AND CONTROL OVER
ALL OF SPORTS BETTING RATHER
THAN TRY TO DO IT OUTSIDE OF
THE COMPACTING PROCESS AND
PROVIDE OPPORTUNITIES FOR ALL
STAKEHOLDERS IN FLORIDA,
INCLUDING THE SEMINOLE TRIBE.
THERE’S NO QUESTION THE
SEMINOLE TRIBE ARE GOING TO BE
THE MOST IMPORTANT AND
INFLUENTIAL STAKEHOLDER IN THE
PROCESS, BUT THEY’RE NOT THE
ONLY ONES. AND I THINK VERY,
VERY FEW EXPERTS SAW THE WAY
THAT I DID. BUT AS SOMEBODY
WHO FOLLOWS GET, YOU KNOW, THE
YOU KNOW, FEDERAL LAW AND IS
AN EXPERIENCED APPELLATE
LAWYER AND GAMING WAR. THIS
HAD ALL THE HALLMARKS OF BEING
A FEDERALLY FLAWED COMPACT BY
VIRTUE OF THE FACT THAT IT
PERMITTED SOMETHING THAT
FEDERAL LAW DOES NOT ALLOW,
WHICH IS GAMING OUTSIDE OF
INDIAN LANDS.
>> NOW IT GROW, WHICH IS THE
INDIAN GAMING REGULATORY ACT.
THAT’S WHAT YOU’RE REFERENCING
HERE. DOESN’T MATTER THAT IN
THIS NEW WAVE OF SPORTS
BETTING THIS MOBILE PLATFORM.
DOES THAT NOT PLAY A ROLE INTO
ALL THIS? NO, NOT AT ALL.
BECAUSE IT GROW.
>> HAS A JURISDICTIONAL
LIMITATIONS ON WHERE GAMING
ACTIVITY CAN TAKE PLACE. YOU
KNOW, THE OTHER STATES THAT DO
ONLINE SPORTS BETTING THAT
PLACE THE SERVERS IN A
SPECIFIC LOCATION AND TO
DECLARE THAT THAT’S WHERE THE
BET TAKES PLACE. THAT’S ALL
GOVERNED BY STATE LAW. WE’RE
HERE NOW UNDER A FEDERAL LEGAL
REGIME AND THAT FEDERAL LEGAL
REGIME REQUIRES THAT ALL OF
THE GAMING ACTIVITY, THE
PLACING OF THE BAT IN THE
RECEIVING OF THAT RECEIVING OF
THE BET TAKE PLACE EXCLUSIVELY
ON INDIAN LAND. SO, YOU KNOW,
THE MECHANISMS IN DEFINITIONS
THAT OTHER STATES USE UNDER
STATE LAW SIMPLY DO NOT MATTER
UNDER THE INDIAN GAMING
REGULATORY ACT AND IS A LONG
LINE OF CASE LAW THAT THAT
SETS FORTH THE PROPOSITION
THAT INTERNET WAGERING IS
OUTSIDE THE BOUNDARIES OF
INDIAN LANDS. AND THAT’S
PRECISELY WHY A GROUP OF
TRIBES IS PURSUING AN
AMENDMENT TO THE STATUTE OF
THE CONGRESSIONAL LEVEL TO
CHANGE THE DEFINITION OF WHAT
INDIAN LANDS MEANS TO
ENCOMPASS INTERNET SPORTS
WAGERING WHEN THE SERVER IS
LOCATED ON TRIBAL LAND. THAT
STATUTE WAS WRITTEN IN THE MID
1980’S AT THE TIME BEFORE THE
INTERNET BECAME SUCH AN
IMPORTANT PART OF OF AMERICAN
LIFE IN AMERICAN COMMERCE AND
THE STATUTE ITSELF IS THAT
THAT IS DOES NOT EVOLVE WITH
THE TIMES STATUTE HAS TO BE
CHANGED BY AN ACT OF CONGRESS
TO ACCOMMODATE THIS NEW FORM
OF WAGERING. IT’S A SIMPLE AS
MAKING A MODIFICATION TO THE
FEDERAL LAW AND HAVE IN
CONGRESS BROADEN THE
DEFINITION OF INDIAN LANDS TO
PURSUE OR TO A COMEDY
INTERNET. SPORTS BETTING IT’S
NOT UP TO THE COURTS TO
REWRITE STATUTES TO SET FORTH.
SOMETHING THAT WASN’T INCLUDED
ARE ANTICIPATED BY THE
ORIGINAL STATUTE. SO HOW ARE
THE TRIBE IN AND THE
DEPARTMENT OF INTERIOR, HOW
ARE
>> NAVIGATING THIS AND WHAT’S
THEIR DEFENSE? ARE THEY LOCKED
UP? OF COURSE THEY HAVE TO BE
UNLOCKED, NOT COMPLETELY IN
LOCKSTEP, BUT THEY COME UP
WITH A NEW THEIR ARGUMENT IS
THAT THE COMPACT.
>> NEVER AUTHORIZED ONLINE
SPORTS BETTING THE COMPACT
ONLY AUTHORIZED IN PERSON,
SPORTS BETTING AND IT’S STATE
LAW. WHICH AUTHORIZED ONLINE
SPORTS BETTING. AND AND IF IF
THE PLAINTIFFS MEETING WITH
WEST FLAGLER WANTS TO
CHALLENGE THIS, THEY’RE GOING
TO HAVE TO GO TO STATE COURT
INSTEAD OF FEDERAL COURT AND
THAT THAT TO THE NEXT TO THE
EXTENT THAT THERE’S ANY
MENTION OF SPORTS OF ONLINE
SPORTS BETTING IN THE COMPACT,
IT’S SIMPLY AN ADDITIONAL
TOPIC THAT FALLS UNDER ONE OF
THE CATCHALL PROVISIONS THAT
ALLOW THE STATE AND THE TRIED
TO NEGOTIATE THE SHIFTING OF
JURISDICTION BETWEEN TRIBAL
AND STATE GOVERNMENTS, WHICH
IS IT, WHICH IS A SPECIOUS
ARGUMENT BECAUSE IF YOU READ
THE THE COMPACT USES THE WORDS
AUTHORIZED WITH RESPECT TO THE
MENTIONING OF ONLINE SPORTS
BETTING AND IN SOME AND IN ALL
OF THE PUBLIC STATEMENTS
EXTOLLING THE VIRTUES OF THE
COMPACT GOVERNOR DESANTIS. THE
SEMINOLE TRIBE OF FLORIDA, THE
INTERIOR DEPARTMENT.
>> OF ALL.
>> CHARACTERIZED ONLINE SPORTS
BETTING AS ACTIVITY THAT
QUOTE, UNQUOTE AUTHORIZED BY
THE COMPLEX OF THEIR OWN WORDS
UNDER CUT THEIR CURRENT
ARGUMENT ON APPEAL. AND THIS
NOTION DECLARING THAT’S MADE
OUTSIDE OF TRIBAL LANDS BEING
MADE ON TRIBAL LAND THROUGH
THE FICTION OF THE SERVER.
THAT’S NOT AN ALLOCATION OF
JURISDICTION ALLOCATION OF
JURISDICTION, WHICH IS WHAT
THEY’RE TALKING ABOUT IN THEIR
APPELLATE BRIEFS, REFERS TO
HAVING STATE JURISDICTION.
OVER LAWSUITS FILED BY PATRONS
THAT THAT THAT HAVE SOME
GRIEVANCE FOR WHAT TAKES PLACE
ON INDIAN LAND. SO IF YOU SLIP
AND FALL ON AN INDIAN
TERRITORY OR YOU HAVE A
DISAGREEMENT OVER WHETHER A
BET MADE ON INDIAN LAND SHOULD
HAVE BEEN DECIDED IN YOUR
FAVOR. THE STATE AND THE
TRIBES CAN NEGOTIATE OVER
JURISDICTION TO CIVIL
REGULATORY IN CRIMINAL CLAIMS
MADE WITH RESPECT TO
ACTIVITIES ON INDIAN LAND. IT
ISN’T A MECHANISM TO ALLOW THE
STATE AND THE TRIBE TO EXPAND
THE BOUNDARIES OF INDIAN LAND
TO INCLUDE THE ENTIRE STATE OF
FLORIDA FOR PURPOSES OF ONLINE
SPORTS BETTING.
>> JONATHAN: AND WITH SPORTS
BETTING NOW LEGAL IN 30
STATES, WHAT ARE THE CHANCES
IT WILL EVENTUALLY WILL BE
LEGALIZED AT THE FEDERAL
LEVEL.
>> THIS IS THE WEEKLY ON CLICK, ORLANDO DOT COM WITH JUSTIN WARMOTH.
>> JONATHAN: WELCOME BACK. IN
A SURPRISE MOVE LAST YEAR
GOVERNOR DESANTIS SIGNED A
SWEEPING GAMBLING DEAL WITH
THE SEMINOLE TRIBE, THE 30
YEAR AGREEMENT ESSENTIALLY
GAVE THE TRIBE CONTROL OF
FLORIDA’S GAMBLING KINGDOM.
BUT ONLY A MONTH AFTER
LAUNCHING THE HARD ROCK SPORTS
BETTING APP, A JUDGE FOUND THE
COMPACT VIOLATED FEDERAL LAW
GAMING ATTORNEY DANIEL WALLACH
IS BACK NOW WITH HIS TAKE ON
THE SITUATION.
>> WELL, I MEAN, WHAT WAS
SURPRISING IS THAT THE HARD
ROCK CONTINUE TO ACCEPT WAGERS
ON ITS APP AFTER A FEDERAL
COURT DECLARED THAT THOSE
WAGERS WERE ILLEGAL UNDER
FEDERAL LAW, WHICH REALLY
PLACE THE SEMINOLE TRIBE IN A
POSITION OF VULNERABILITY.
WITH RESPECT YOU KNOW, FEDERAL
LAW. I MEAN, YOU CAN IMAGINE
REGULATED BETTING COMPANY.
OPERATED IN OPERATING IN
FLAGRANT DEFIANCE OF FEDERAL
LAW. THAT’S THAT’S
UNPRECEDENTED IN THE ANNALS OF
ONLINE GAMING IN THE UNITED
STATES. IT’S NEVER HAPPENED
BEFORE UNTIL NOW. BUT WHAT WAS
REALLY SURPRISING TO ME WAS
THAT THE STATE OF FLORIDA WAS
SPOOKED BY THE PROSPECT OF
LITIGATION OVER AMENDMENT 3
THAT THEY ENDED UP AUTHORIZING
SPORTS BETTING IN A WAY THAT
WAS EVEN MORE ILLEGAL. BEN
AUTHORIZING IT ON ON TRIBAL
LAND. AND I’VE ALWAYS BEEN OF
THE VIEW THAT THE FLORIDA
CONSTITUTIONAL PROVISION THAT
BANS THE NON VOTER APPROVED
AUTHORIZATION OF CASINO
GAMBLING DOESN’T EVEN APPLY TO
SPORTS. BETTING OF ALWAYS
TAKEN THE POSITION. AND I’VE
WRITTEN MANY ARTICLES ON THERE
IS AN ANALYSIS THAT CASINO
GAMBLING AS IT’S DEFINED IN
THE CONSTITUTION OF FLORIDA,
DOES NOT INCLUDE SPORTS
BETTING. IT ONLY INCLUDES THE
TYPES OF GAMES TYPICALLY FOUND
IN CASINOS, GAMES OF CHANCE
SLOT MACHINES ROULETTE, CRAPS.
IF YOU READ THAT
CONSTITUTIONAL AMENDMENT
CLOSELY. IT DOESN’T. IT’S NOT
INTENDED TO ENCOMPASS
ACTIVITIES THAT OCCUR LARGELY
OUTSIDE THE 4 WALLS OF THE
CASINO. SO I THINK OF THE
STATE HAD WANTED TO LEGALIZE
ONLINE SPORTS BETTING REEVE IN
RETAIL SPORTS BETTING OUTSIDE
OF TRIBAL LANDS. IT WAS ON
REALLY SOUND LEGAL FOOTING
WITH RESPECT TO AMENDMENT 3.
BUT GOVERNOR DESANTIS AND HIS
IN HIS LEGAL TEAM. WE’RE OF
THE VIEW THAT ANY TYPE OF
SPORTS BETTING OUTSIDE OF THE
COMPACT WOULD VIOLATE
AMENDMENT 3. SO THEY MADE THEY
MADE THAT DETERMINATION AT THE
EXECUTIVE BRANCH LEVEL THAT TO
DO IT ANY OTHER WAY THAN
THROUGH A COMPACT WOULD
VIOLATE STATE LAW. THE PROBLEM
IS THAT BY TRYING TO A SHOE OR
ONLINE SPORTS BETTING 3
FEDERALLY REGULATED AND
FEDERALLY AUTHORIZED COMPACT.
THEY WERE TAKING WHAT WAS A
POSSIBLE VIOLATION OF STATE
LAW AND TRANSFORMING IT INTO
AN ALMOST DEFINITE VIOLATION
OF FEDERAL LAW. AND IT’S
INCOMPREHENSIBLE TO ME THAT
THE STATE WOULD MAKE THAT
CALCULATION AND NOT ONLY DO
THAT, BUT GRANT A MONOPOLY TO
A SINGLE STAKEHOLDER IN THE
STATE OF FLORIDA WHEN THERE IS
A TRADITION OF HORSE RACING IN
PARI-MUTUEL WAGERING
ACTIVITIES THAT HAVE EXISTED
IN FLORIDA FOR FOR MORE THAN A
HALF-CENTURY. AND 2 OF
MARGINALIZED AND
DISENFRANCHISED THIS ENTIRE
STAKEHOLDER GROUPS SIMPLY TO
SATISFY ONE OPERATOR IS
INCOMPREHENSIBLE TO ME THAT
AND TO THINK THAT THEY MADE
THIS BET ON FEDERAL LAW BEING
THE VEHICLE WHEN FEDERAL LAW
ONLY ALLOWS GAMBLING WITHIN
INDIAN LANDS, I THINK IS A
MAJOR FAILING. A MAJOR
MISCALCULATION NOT ONLY ON THE
PART OF THE SEMINOLE TRIBE,
BUT ON THE PART OF THE STATE
OF FLORIDA FOR BUYING THIS
ARGUMENT OF THE SERVER HOOK
LINE AND SINKER WHEN IT WAS
CLEAR TO ME, IF YOU READ THE
STATUTE AND TAKING A LOOK AT
ANY OF THE PRIOR DECISIONS
THAT HAVE ADDRESSED SIMILAR
ISSUES, IT DIDN’T SOME
SNOWBALLS CHANCE IN OF OF
PASSING MUSTER WITH A FEDERAL
COURT JUDGE. I MEAN, YOU CAN
CONVINCE SOME OF THE STATE
LAWMAKERS. YOU CAN CONVINCE
THE GOVERNOR, BUT YOU CAN’T
FOOL IN ARTICLE 3 FEDERAL
JUDGE THAT DOESN’T HAVE ANY
POLITICAL STAKE OR IT, YOU
KNOW, INTEREST IN THE
CONTROVERSY ONCE AGAINST THE
FEDERAL COURT. THAT’S THE
GREAT EQUALIZER. AND THESE
ARGUMENTS THAT THAT DON’T EVEN
PASS THE GIGGLE TEST, YOU
KNOW, FALL SHORT WHEN THEY
REACH A NEUTRAL, INDEPENDENT
FEDERAL JUDICIARY. SPORTS
BETTING REALLY HAS NEVER BEEN
MORE POPULAR THAN THAN IT IS
RIGHT
>> A NUMBER OF STATES
FOLLOWING THE 2018, A SUPREME
COURT MAKING THIS LEGAL IS IS
THERE A POINT THAT YOU SEE?
>> THIS BECOMING LEGAL OR IS
OR ARE THERE TOO MANY
ROADBLOCKS THAT WOULD PREVENT
THAT FROM HAPPENING? I MEAN,
THERE’S AN ARGUMENT.
>> FOR HAVING A FEDERAL
UNIFORM REGULATORY FRAMEWORK
AROUND SPORTS BETTING
CERTAINLY OVER THE ISSUES YOU
THAT MONITORING AND HAVING A
SORT OF THE NATIONAL. YOU
KNOW, CLEARINGHOUSE WHERE ALL
BETS IN WAGERS MADE ACROSS
DIFFERENT STATES ARE ANALYZED
BY ONE AGENCY THAT WOULD
PROVIDE A VITAL. SERVICE IN
AID OF SPORTS BETTING
REGULATION. BUT NOW THAT WE
HAVE SO MANY STATES PASSED
LAWS AND OF AUTHORIZED UNDER
THEIR OWN STATE SYSTEM. IT’S
GOING TO BE VERY DIFFICULT TO
FIND SENATORS U.S. SENATORS
EACH OF THOSE STATES THAT
WOULD SEEK REMOVE THEIR OWN
STATES AUTONOMY OVER SPORTS
BETTING BY VOTING IN FAVOR OF
FEDERAL REGULATORY FRAMEWORK
THAT WOULD DIVEST STATE
GOVERNMENTS OF SOME AMOUNT OF
CONTROL AND AUTONOMY. IT WOULD
BE POLITICAL, YOU BE POLITICAL
SUICIDE, REALLY, TOO TO TO TO
DO ANYTHING TO DISRUPT
SIGNIFICANT REVENUE STREAM
THAT THOSE STATES CURRENTLY
ENJOYING. SO AS MORE AND MORE
STATES HAS SPORTS BETTING
LEGISLATION, IT BECOMES
INFINITELY MORE DIFFICULT TO
CONCEIVE OF A FEDERAL
REGULATORY FRAMEWORK. THE ONLY
THING THAT COULD EVER BRING IT
ABOUT I THINK WOULD BE A
SIGNIFICANT SCANDAL MATCH
FIXING INSIDE INFORMATION,
SOMETHING THAT EXPOSED
WEAKNESSES AND VULNERABILITIES
IN THE CURRENT STATE BY STATE
BY STATE SILO APPROACH WHERE
EACH STATE HAS ITS OWN
REGULATORY MECHANISM AND THEY
DON’T REALLY, YOU KNOW,
COOPERATE OR SHARE WITH OTHER
STATE GOVERNMENTS. I THINK IF
YOU WOULD IMAGINE THAT THE
U.S. FINANCIAL MARKETS. BEING
SPLIT AMONG 50 DIFFERENT
STATES THAT WOULD BE JUST
INCOMPREHENSIBLE THAT THERE
NEEDS TO BE SOME KIND OF
OVERARCHING MONITORING SYSTEM,
REGULATORY FRAMEWORK, WHICH IS
WHICH IS PART AND PARCEL OF
WHAT YOU SEE IN THE FINANCIAL
MARKETS. BUT BECAUSE STATES
PRIMARILY DETERMINED WHETHER
CERTAIN TYPES OF GAMBLING
GOING TO BE LEGAL STATES
TYPICALLY GAMBLING ACTIVITIES
THAT TAKE PLACE WITHIN THEIR
OWN BORDERS AS THEY DO WITH
HORSE RACING CASINO GAMBLING.
THE STATE LOTTERY WITH WHICH
MAKE MAKE SPORTS BETTING
INFINITELY DIFFERENT IS THAT
THIS IS THERE’S THIS
INHERENTLY INTERSTATE
COMPONENT TO IT. THIS GLOBAL
COMPONENT TO IT. IT’S NOT
SOMETHING THAT IS CONTAINED
ENTIRELY WITHIN THE STATE.
YOU’RE WAGERING. IF YOU’RE IF
YOU’RE RESIDENT WAGERING ON
GAMES TAKING PLACE ALL OVER
THE WORLD, THERE’S VERY LITTLE
OF FLORIDA REGULATOR CAN DO TO
SAFEGUARD THE INTEGRITY OF
GAMES ARE BEING PLAYED IN
ILLINOIS, NEW YORK OR
CALIFORNIA. THIS IS EXTREMELY
DIFFERENT REGULATING
ACTIVITIES THAT TAKE PLACE
WITHIN THE 4 WALLS OF THE
CASINO. LIKE A SLOT MACHINE
WHERE YOU CAN BASICALLY
LOOKING AT YOU OPEN UP THE
BACK OF THE DOOR AND LOOK AT
THE CODE. YES, SPORTS BETTING
IS SO DIFFERENT THAN ANY OF
THOSE OTHER ACTIVITIES. BUT
POLITICALLY AND PRACTICALLY,
IT’S GOING TO BE DIFFICULT TO
PUT THE GENIE BACK IN THE
BOTTLE WITH 35 STATES. 35 OUT
OF 50 STATES HAVING APPROVED
SPORTS BETTING, YOU KNOW, IT’S
A SIGNIFICANT ASK TO GO BACK
TO THOSE FEDERAL POLITICAL
LEADERS IN THOSE STATES AND
SAY, PLEASE PASS SOMETHING
THAT YOU SERVICE YOUR OWN
STATE’S AUTONOMY OVER SPORTS
BETTING. IT’S JUST NOT GOING
TO HAPPEN. BARRING WITHOUT A
SIGNIFICANT SCANDAL.
>> JONATHAN: NOW, REGARDLESS
OF WHERE THINGS STAND ON THE
GAMBLING FRONT NEWS SIX’S
KICKING OFF THE FIRST SUNDAY
OF THE NFL SEASON WITH A
BIG-TIME DOUBLE HEADER. NEW
ENGLAND AT MIAMI KICKS OFF AT
ONE FOLLOWED BY KANSAS CITY AT
ARIZONA. SHOULD BE FUN FOR
MORE INFORMATION ON THE FUTURE
OF SPORTS BETTING IN FLORIDA.
JUST HEAD TO CLICKORLANDO DOT
COM SLASH WEEKLY. I’M JUSTIN