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CU becomes first NCAA school to partner with sports betting company
- Thread starter Jens1893
- Start date
I think a university as a public institution needs to have a social conscience and social responsibility. I do not see how promoting a sports betting company fits in with that.
I'm more with Jens on this. Even the most ardent gambler on this site refers to the activity as "degenerate". It's not a good look for the university -- as much as I loath the expression, it's "bad optics".
beyond that, the article at the link in the tweet is a bit confusing. it makes the statement "The deal, which covers sports betting, fantasy sports, casino games and free-to-play contests..." but then only gives details about signs, radio promos and 'career development opportunities for students'. I'm much curious (and concerned, for that matter) about how this deal involves sports betting and casino games than I am about signs at Folsom.
beyond that, the article at the link in the tweet is a bit confusing. it makes the statement "The deal, which covers sports betting, fantasy sports, casino games and free-to-play contests..." but then only gives details about signs, radio promos and 'career development opportunities for students'. I'm much curious (and concerned, for that matter) about how this deal involves sports betting and casino games than I am about signs at Folsom.
Everyone is going to do it
Not BYU.
So?
There is political pressure building up both in the UK and at the highest EU levels to pass some laws that'd prohibit shirt sponsorships and severely restrict other advertisement for gambling companies in sport.
If the pros do it that's their thing, but it's another thing entirely for a public institution to be following suit.
Sports betting is not immoral
So no lotteries?
SINKRATZ
PhD in Analogy
Meh, gambling is legal so I don’t see the moral dilemma. I’m actually more concerned whether being the first school to ink a deal like this means we aren’t getting the benefit of precedent pricing. Are we going to see the next 20 deals like this blow ours out of the water?
I just hope they negotiated a good deal and we do not regret being first when other schools sign bigger deals 
ahoelsken
Well-Known Member
I think we'll know more about what this looks like when we start seeing football and basketball up there.
As far as morally responsible, I honestly don't think that matters. I think some of you guys would be bitching about CU signing a contract with native roots to be the official marijuana provider of Colorado athletics or whatever. That's a good parallel because I think gambling's about as immoral as marijuana use is. Get with the times, people.
ahoelsken
Well-Known Member
I just hope they negotiated a good deal and we do not regret being first when other schools sign bigger deals
As long as Sir Lawrence wasn't involved I think we'll be okay!
I don't want to put too fine a point on it, but, yes.
I imagine had CU been the 15th University to get a deal in place like this, it would still be less than other Universities with more prominent athletic programs, just like apparel deals. I'll take being first.
you may not believe so, but just noting what I did above, our most fervent gambler on Allbuffs acknowledges he thinks it is
Same company that partnered with Avs/Nuggets and just signed a $500m deal with NBC.
SINKRATZ
PhD in Analogy
So we get a crappy deal regardless? Maybe you’re right. I’m not a big gambler so I admit I’ve never heard of this company despite them apparently having their HQ in Denver. I’m just expecting Draft Kings to start announcing deals with SEC and BIG10 schools that are 5x what this was for CU.
Colorado Buffaloes partner with sports betting company
University of Colorado athletics has signed a five-year corporate sponsorship agreement with PointsBet, a fast growing sportsbook...
247sports.com
What an awesome benefit for the college athlete at Colorado this is going to provide. This is what RG is really good at. Let's just hope he had someone help him with the negotiations.
Assuming it will only be done in states where sports gambling is legal, which is only AR and MS in SEC land right now, with TN soon to be. The bill failed in AL, GA, FL, MO, and KY. Big 10 land has more, but it's still illegal to bet on college athletics in places like NJ. I'm not sure about all the stipulations in the various states it's currently legal in, but the article mentions Colorado has, by far, accounted for the largest % of national legal sports better handle in the first two months of legalization than any other state.
ahoelsken
Well-Known Member
My understanding was online betting was legal in New Jersey.....Michigan's trying to move up their start as well because of the restrictions on how many people can be in a casino at one time for COVID.
The linked article I attached above addresses a lot of this.
However, believing sports betting is immoral or "bad optics" is a personal belief. Wall street is one of the most morally corrupt entities in the world, yet I'd guess both you and Jens would have a different take if some stocks broker company was a sponsor of CU athletics.
Do you consider the lottery immoral? The Colorado lottery pushes millions of dollars back to Colorado Parks. Is that a bad thing? You talk a lot about using state and national parks, both of which have been enhanced because of "gambling".