Malloy Considering Special SessionMay 15, 2018
The reason why Dan Malloy is considering calling the legislature back into a special session? It may surprise you.
Gov. Dan Malloy (D-Conn.) issued a statement Monday that included a potential call for a special legislative session.
The issue? Legalizing sports betting in Connecticut, in the wake of the U.S. Supreme Court decision issued Monday allowing sports betting in states.
— Governor Dan Malloy (@GovMalloyOffice) May 14, 2018
Why the hurry? Bloomberg reported states have a lot of revenue to gain if they legalize an industry that was once left to the black market.
Leaving such wagering to the black market has cost states a potentially large source of tax revenue, according the National Conference of State Legislatures and other state groups. Legalized sports betting nationwide could provide $3.4 billion to states and local governments, according to a study by Oxford Economics commissioned by the American Gaming Association.
ESPN noted that Malloy signed a bill in 2017 “that will allow the state to move quickly if the federal sports betting ban is overturned by the Supreme Court.”
In July 2017, Gov. Dannel Malloy signed a bill that will allow the state to move quickly if the federal sports betting ban is overturned by the Supreme Court or repealed by Congress. The new Connecticut law allows state officials “to regulate wagering on sporting events to the extent permitted by state and federal law.” The law designates the Department of Consumer Protection to oversee any new sports betting.
Contrast Malloy’s approach, though, with the approach of another Democratic governor, John Hickenlooper of Colorado.
New: @GovofCO tells me sports gambling is something that seems inevitable in Colorado following SCOTUS decision. However lawmakers will have to balance in coming sessions the dangers of gambling with the potential benefits. Don’t expect gambling anytime soon. #coleg #kdvr
— Joe St. George (@JoeStGeorge) May 14, 2018
Of course, Colorado doesn’t have the economic and revenue problems that Connecticut has.
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