But the big ones are the effect on the economy and the creation of more addicted gamblers at a younger age.” “Virtually every piece of academic research says this is a bad idea, for any number of reasons. ![]() “If you combine legal sports gambling and smartphones, you are looking at an economic disaster on multiple fronts,” said Kindt, who has testified before Congress and state legislatures about the societal, business and economic impacts of decriminalizing gambling. NCAA will likely usher in a lightly regulated “Wild West”-era of sports gambling in which anything goes. Kindt, a professor emeritus of business administration at Illinois, the decision in Murphy v. Supreme Court decision that effectively paves the way for legalized sports gambling in states will likely have multiple destabilizing socio-economic effects that will reverberate for decades to come, said a University of Illinois expert who is a leading national gambling critic.Īccording to John W.
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