The Professional Golf Association (PGA) is among the several professional bodies in the United States that is debating the impact of sports betting on its operations. In anticipation of the 12th edition of the FedEx Cup Playoffs, taking plays between August 23 and August 26, there has been much speculation about where PGA stands on sports betting.
Setting the Scene
Much has changed in the United States since The Supreme Court of the United States (SCOTUS) ruled in favor of New Jersey in May, dismantling the Professional and Amateur Sports Protection Act (PASPA). With the federal ban clearly out of the picture, lawmakers and sporting bodies have started asking themselves – is now the time to pursue sports betting?
Lawmakers have immediately started looking into ways to make the activity more lucrative for the coffers of the states they work in while leagues have been dreamily hoping to reap something called an “integrity fee.” But the idea of an integrity fee has been criticized by bookmakers, industry observers and even fellow leagues as pointless. Pointless insofar as leagues will just bag a significant amount of money without offering anything in return. The idea has since fallen through.
Meanwhile, PGA will hold the FedEx Cup Playoffs in a state that openly accepts wagers on the outcome of sports. With six facilities fully-licensed and capable of accepting punts, New Jersey is now prepared to gauge the interest in the sport and post an estimate of how much fans love the game in terms of wagers.
The event will conveniently kick off at the Ridgewood Country Club in Paramus, which is located not so far from the Meadowlands Bookmaker owned by FanDuel, allowing gamers to quickly commit a wager and then head out and watch the competition up close if they should want to.
The Stakes of Third-Parties
Overall, the event will see 125 high-class golfers take a part of the race with the possible participation of Tiger Woods. Interestingly enough, though, the PGA has not been indifferent to betting, though. One particular concern the PGA have is with proposition betting.
If you are unfamiliar with the term, proposition bets or prop bets as they are commonly referred to, simply indicate what the chances of particular events transpiring are. Will Woods miss his next swing? Will the ball land within a given number of yards within the hole? It all comes down to betting on a rather specific outcome of an event.
And with this in mind, the PGA believes that golf may become open to outside influences with players trying to make an extra buck on the side. Of course, the Association coached its concerns in much more elegant terms, hinting that the integrity of the sport may be compromised.
However, bookmakers are unlikely to pass up on a chance such as golf, especially if the sport manages to stay as popular as it is now. Still, PGA are raising a genuine concern that some athletes may be prone to cheating based on what the bookies have on them. However, with proper oversight, such issues can easily be overcome.