Vig & Juice Ep.2: First U.S. Sports Betting

03/04/2019 16 min
Vig & Juice Ep.2: First U.S. Sports Betting

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Episode Synopsis






Vig & Juice is a podcast discussing the history and legality of gambling and sports betting in the U.S. hosted by Sports & Gaming Law attorneys at Vela Wood.







In this episode, we discuss the first sports betting in the U.S. up to the Wire Act of 1961, including horse racing, the spectator sport known as pedestrianism, and using state lotteries to fund the Revolutionary War.
Time Stamps

0:45 – Episode Recap
1:30 – State Lotteries Funding Universities & Revolutionary War
3:05 – Horse Racing
5:09 – Pedestrianism
7:11 – Games of Skill
8:50 – States Outlawing, Early 1900s
9:44 – Nevada Legalizing Casinos & Sports Betting
10:08 – Federal Revenue Act of 1951 – Taxing Wagers
10:37 – Relationship to Economic Climate
11:08 – Taxing Vices, Prohibition
12:10 – Morality/Immorality of Gambling
13:10 – Connections to Organized Crime
14:10 – Transition to Wire Act
14:47 – Black Sox Scandal
15:45 – Baseball Commissioners

Show Notes

In The 1870s And ’80s, Being A Pedestrian Was Anything But (NPR)
The Repeal of PASPA
Why Playing Fantasy Sports Is Legal (For The Most Part)
Fantasy Sports Contest Legislation Tracker