..

Newspaper Industry Could be Saved by Online Gambling

Written by:
Jagajeet Chiba
Published on:
Aug/07/2009

How's this for some "out of the box" thinking?

New York Daily News Publisher Mortimer Zuckerman was quoted this week as saying that he believed online gambling can actually save the newspaper industry.

How?

"(The) federal government ought to ... allow sports betting on newspaper Web sites. That would save every newspaper in America."

He referenced the UK newspapers, many of which allow sports betting on their own websites.

"I know a major newspaper in London that makes $15 million a year from sports betting alone," Zuckerman said.

At one time in the US, newspapers (both in print and online) accepted ads for online gambling sites.  Those generate substantial volume.  Now defunct BetOnSports budgeted out over a million dollars one year just for newspapers advertisements and would have allocated more had other major papers accepted the ads.

The publisher said his solution for newspapers would require an act of Congress and a government willing to face opposition from casino interests: "Newspaper owners have never gotten together to lobby for this because they have always been quite profitable. Those days are behind us."

Jagajeet Chiba, Gambling911.com         

Business/Financial News

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Plus Calvin Ayre talks Bitcoin SV and why it is the most valuable blockchain network.

The Bitcoin White Paper: Combining and Splitting Value and Privacy

The Bitcoin White Paper: Combining and Splitting Value and Privacy

Dr. Craig S. Wright and Ryan X. Charles continue the video discussions in a series exploring the Bitcoin White Paper line-by-line. The next section tackles the principles of combining and splitting value as well as looking at how privacy relates to Bitcoin.

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase is making its initial public offering of stock April 14 and this has helped push the price of Bitcoin up to near $64,000 as of Wednesday morning.

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

The Bitcoin Association and the BSV delegation was welcome by the Sudan government last week in an effort to implement blockchain technology and this week Arizona was well on its way to becoming the next US state to legalize sports betting with only the Governor's signature needed.

Lawsuit Filed Against Dr. Craig Wright "Father of Bitcoin": Not Author of White Paper?

Suit Filed Against Craig Wright "Father of Bitcoin": Not Author of White Paper?

Suit seeks to prove Wright is NOT the rightful founder of Bitcoin, but some would argue we will know otherwise in due time.

Syndicate