Somach: Legal Sports Betting Could Save Ailing U.S. Newspaper Industry

Written by:
Published on:

The Philadelphia Bulletin.

The Washington Star.

The Village Voice.

The Los Angeles Herald-Examiner.

The Houston Post.

The St. Louis Globe-Democrat.

The Allentown Evening Chronicle.

The Boston Phoenix.

The Rocky Mountain News.

The Oakland Tribune.

The Philadelphia Journal.

The Dallas Times Herald.

The National.

The Providence Evening Bulletin.

The Las Vegas Sporting News.

And the list goes on and on and on.

The list of daily and weekly newspapers in the U.S. that have gone out of business in recent years is staggering.

But there may be some relief in sight.

Thanks to, of all things, sports betting!

That's right.

You heard right.

Sports betting.

The Internet has been a real killer for the newspaper industry in America.

Now it may be the thing that saves it.

Websites such as Craig's List that offer cheap and/or free classified ads have decimated the classified advertising at many newspapers.

And circulation has dropped at many newspapers too, as more and more people refuse to pay for news that can be obtained online free.

The combination of lost revenues from ads and circulation has made it impossible for lots of newspapers to survive financially.

But unlike in the U.S., newspapers dropping like flies has not been a problem for newspapers in the U.K.


Because newspapers in the U.K. are legally allowed to offer sports betting, and the money earned from that offsets the revenues lost from decreased advertising and circulation, and keeps the papers in business.

Scroll Down For More

A prime example of this is The Sun, a daily British tabloid owned by Rupert Murdoch and published in London.

The Sun has its own website for news (thesun.co.uk) but also runs a sports betting website called Sun Bets (sunbets.co.uk).

Other U.K. newspapers have similar set-ups.

Could this trend be coming to the U.S.?

And could it save the ailing American newspaper industry?

The U.S. Supreme Court recently heard arguments, pro and con, about whether sports betting should be legal nationwide in the USA.

Under federal law, sports betting currently is legal only in Nevada, Delaware, Montana and Oregon.

But New Jersey wants a piece of the lucrative sports betting pie so it sued the Feds, arguing that the Feds can't allow some states to have a particular industry but not other states.

In fact, there's no other situation anywhere in America where the federal governemnt has said one state can have something but another state cannot, which has led most legal observers following the case to predict that the U.S. Supreme Court will rule that any state that wants legal sports betting will be allowed to have it.

And that decision could come at any time.

And when it does, newspapers in the U.S., just like anybody else in America, will be allowed to offer legal sports betting.

It will literally be a game-changer for the American newspaper industy.

You can bet on that.

By Tom Somach

Gambling 911 Staff Writer


Gambling News

Macau Kills Gambling: Stops China High Stakes Junkets

Macau Kills Gambling: Stops China High Stakes Junkets

Macau's gaming regulator has ordered junket operators in the world's largest gambling hub to stop offering credit to customers, according to brokerage firm Bernstein.

Updated NFL Playoff Odds and Win Totals 2022

Updated NFL Playoff Odds and Win Totals 2022

With just a handful of weeks left in the 2021 NFL regular season, let’s take a look at the probabilities of certain teams making the playoffs and how every team will finish in the W-L column.

Chicago Sports Betting to Tack on Another 2 Percent

Chicago Sports Betting to Tack on Another 2 Percent

Illinois has a 15% tax rate on sports betting, Cook County imposes a 2% rate and now the city of Chicago wants to tack on another 2%.

Virginia Judge Issues Injunction in Skill Games Lawsuit

Virginia Judge Issues Injunction in Skill Games Lawsuit

A Virginia judge issued a temporary injunction Monday blocking the enforcement of a law that banned a type of electronic betting machine that had proliferated in gas stations, bars and other locations around the state.

Lawmaker: 4 Atlantic City Casinos May Close Without Tax Aid

Lawmaker: 4 Atlantic City Casinos May Close Without Tax Aid

Four of Atlantic City’s nine casinos are in danger of closing if the state does not pass a bill giving tax breaks to the casinos, New Jersey’s outgoing state Senate president said Monday.