Word: nevada
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There has been an outcry from universities and even some alarmed members of Congress. But the 1992 law still holds, and gambling on college games is thriving as never before in Nevada. Legislation meant to deal with that problem, favored by a congressional majority, remains buried on Capitol Hill...
Since then, the big money at stake has become a bad influence on campus, riddling college sports with such corruption as game rigging and point shaving. Dozens of athletes have been convicted or suspended. When you follow the money in these cases, it leads to one place: Nevada. That's because student athletes profit from legal bets placed in Las Vegas and Reno casinos, and, far more significantly, bookies in the other 49 states funnel illegal bets into those casinos to protect themselves from having to pay out on unlikely winners at high odds...
...Nevada gives, that's what. In particular, the gaming industry gives to Congress--and gives and gives, in the form of contributions to both political parties totaling more than $16 million over the past six years. That's four times as much money as the gaming industry sent to Washington in the previous six years. And it's enough, apparently, to persuade congressional leaders to band together to stop (so far) a proposed bill that would end the Nevada exemption from even reaching the floor of either the House or the Senate. If there is an object lesson here...
...system has worked nicely. When some members of Congress tried to end the individual income tax deduction for gambling losses, key Republicans and Democrats buried the measure. Twice. Now casinos want to kill the legislation outlawing betting everywhere on collegiate and all amateur sports that would close the Nevada loophole. The legislation has the support of coaches and university administrators from Florida to Oregon. But it has been bottled up by the congressional leadership since April, despite growing pressure from reformers like Arizona Republican Senator John McCain...
...billion a year, and the NCAA basketball championship rivaled the Super Bowl as the single largest gambling event--more college athletes were involved in fixing games or wagering on college teams than in any of the decades before legalized gaming became popular. Some of that action flowed into Nevada from illegal gambling networks across the country. Among the college gambling cases since...