A professor of economics at Seton Hall has delivered a 24-page reality check to everyone wringing their hands about legalized sports betting.
Kurt Rotthoff’s new paper, published Aug. 1 on Social Science Research Network (SSRN.com) Analyzing the Costs and Benefits of Legalized Sports Betting, doesn’t just acknowledge that sports betting has downsides. It calls out the entire academic establishment for asserting the benefits don’t exist.
“A majority of the literature looks at the negative impacts of legalized sports betting,” writes Rotthoff, Associate Provost for Strategy and Finance at the university. “Although many studies analyze the costs of legalized sports betting, most ignore the fact that benefits also exist.”
His conclusion? “With structured regulatory oversight, it appears that legalized sports betting is a net positive.”
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