Chicago City Council approves sports betting at Wrigley Field and other stadiums in the city
Coming soon to a stadium, arena or stadium near you in Chicago, a legal sports betting establishment commonly referred to as “sports betting”, by John Byrne in the Tribune:
Chicago Mayor Lori Lightfoot on Wednesday got city council to give the green light to sports betting at Wrigley Field, Soldier Field and other Chicago stadiums, despite criticism from some aldermen who believe it will hurt tax revenue of a future casino in the city.
The council approved the measure with eight aldermen voting against.
The support is far from universal.
The Lightfoot administration estimates that a 2% betting tax on stadium sports betting will only bring in $ 400,000 to $ 500,000 per year. Critics say the city will lose significantly more than that in tax revenue from the planned casino, as players will instead head to the stadium facilities.
It remains to be seen, of course, whether that kind of income will come to the city or not. The Cubs partnered with DraftKings for a bookie in September 2020 and gave more information on those plans in July 2021. It now appears that the Cubs are ready to go with that:
Ahead of the final vote, Cubs president Tom Ricketts said his team were “ready to go today” as part of their $ 100 million partnership with DraftKings, which will pave the way for Wrigley Field to house Major League Baseball’s premier stadium sports betting site.
âWith your approval of this ordinance, construction would begin immediately with the goal of opening a restaurant with sports betting in time for the 2023 season. This will create construction jobs and income now and permanent jobs in a bit more. a year, âRicketts said.
Ricketts said the ordinance “would provide additional resources to the city’s professional sports teams that will help them compete.”
âIt’s not a casino or even a mini-casino. It is a sports bar-restaurant. â¦ This only allows fans who wish to place a bet to have a window to do so. I expect a lot of fans to come to the bookmaker and never place a bet, âhe said.
It is clear from this and other actions taken not only by MLB teams but all sports teams that they see sports betting and other forms of legalized sports betting as a great source of future income now that the regional sports network bubble has burst and the revenues of the RSNs are declining or at best stable. You can see it in almost every sporting event that you watch on TV these days. We are simply bombarded from start to finish of every betting show betting on the sport we watch and by extension other sports as well.
While it does indeed seem likely that this income will happen, I have one thing concerned about me, and it boils down to these tweets sent by Cleveland pitcher Nick Wittgren and his wife last summer:
Thanks for all your kind messages. Unfortunately, this is considered “normal” in professional sport. It’s happened to 90% of the players I know and basically after every bad outing a player has. But there is nothing normal about threatening the life of someone and their family. pic.twitter.com/FZV8JwbNJP
– Nick Wittgren (@N_Witt) July 24, 2021
I don’t know what’s worse about it all – that it’s not the first time, that it won’t be the last, or that other athletic families are ALSO getting it regularly.
– Ashley Wittgren, MS CSCS (@ashleyecrosby) July 24, 2021
This is the kind of Pandora’s box that this kind of legalized sports game has opened. It is unfortunately too late to close the lid of the said box.
I hope that opening the sports books at Wrigley Field and other stadiums, stadiums and arenas in Chicago doesn’t cause more problems. As always, we are awaiting developments.