Vig & Juice
Vig & Juice
Vela Wood
Vig & Juice is a podcast discussing the history and legality of gambling and sports betting in the US. Vig & Juice is hosted by three attorneys who practice Fantasy Sports & Gaming Law at Vela Wood and are principal agents at VW Agency, a talent & strategy consulting agency focused on fantasy sports and sports betting.
Vig & Juice Ep.6: HB 2070 & HB 1121
Vig & Juice is a podcast discussing the history and legality of gambling and sports betting in the US. Vig & Juice is hosted by three attorneys who practice Fantasy Sports & Gaming Law at Vela Wood. Listen on Apple Podcasts! In this episode, we discuss the two sports betting bills proposed in this year's legislative session, HB 2070 and HB 1121, which sought to legalize sports betting in Texas, and we share our predictions for when sports betting could realistically be legalized in Texas. Time Stamps * 1:30 - Texas' Constitutional Amendment Process * 3:50 - Legalization Support Poll * 5:20 - Brick-and-Mortar v. Digital Sports Betting * 9:15 - HB 1120 Fees, Licenses & Skins * 10:45 - Legalization Red Tape * 12:30 - Legalization Timeline Predictions * 15:30 - Lack of Enforcement * 17:00 - Payment Processing * 19:15 - Final Predictions References * Fantasy Sports & Gaming Association * Dallas Morning News: Most Texans want casino gambling, but lawmakers unwilling to roll the dice (University of Texas at Tyler poll) Related Content * Texas Sports Betting Bill – H.B. 1121 * Texas Amendment Would Open Door For Commercial Casinos * The Repeal of PASPA * Sports Betting Legislation Tracker * Fantasy Sports Contest Legislation Tracker
Jul 20, 2021
20 min
Vig & Juice Ep.5: PASPA
In this episode, we discuss PASPA, the Professional and Amateur Sports Protection Act of 1992, including its carveouts and nationalization issues as well sports leagues' role as enforcers of PASPA. See "Episode Website" for show notes.
Oct 22, 2019
22 min
Vig & Juice Ep.4: The Travel Act
In this episode, we discuss the Travel Act of 1961, including Robert Kennedy taking down the mob, gambling's association with other nefarious activities, and the role of federalizing state laws.  See "Episode Website" for show notes.
Jun 26, 2019
19 min
Vig & Juice Ep.3: The Wire Act
In this episode, we cover arguably the most monumental piece of legislation regarding sports betting - the Wire Act of 1961 - which prohibited using wire communication for betting and wagering across state lines. We discuss what the Wire Act means for online gambling and whether the act applies only to sports betting or to gambling in general. See "Episode Website" for show notes.
May 20, 2019
25 min
Vig & Juice Ep.2: First U.S. Sports Betting
In this episode, we discuss the first sports betting in the U.S. up to the Wire Act of 1961, including horse racing, the spectator sport known as pedestrianism, and using state lotteries to fund the Revolutionary War. See "Episode Website" for show notes.
Apr 3, 2019
16 min
Vig & Juice Ep.1: Three Elements of Gambling
In this episode, we explain the meaning of Vig & Juice, discuss gambling's roots in Greek mythology, and lay out the three elements that define gambling. See "Episode Website" for show notes.
Mar 25, 2019
22 min