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Monopolies Good for Sports?

The argument is widely dismissed outright by the online casino gambling companies looking to enter into countries that currently operate state-run monopolies, but there may be some credence to the idea that state monopolies provide better funding for the sports industry. A recent independent study was conducted by the Sportsbusiness, a UK consultancy company. The study was designed as a comparative analysis of the UK and French land and online casino gambling industries and how those markets were able to provide sports funding within the country.

Interestingly enough, the study finds that this big argument for the continued use of land and online casino gambling monopolies throughout the UK could be bunk. When looking at the two markets, the French market operated with a state land and lottery monopoly on all forms of legalized gambling. The UK on the other hand has a highly regulated gambling market that taxes all of the land and online casinos operating in the market and then uses part of that revenue to fund sports.

When the facts, figures, and statistics are actually compared, the UK does a very decent job of providing sports funding. There were parts of the comparative analysis where the French market monopoly model was more successful, and at the same time, there were times when the UK model was able to better fund sports through taxes on the online casinos and gambling companies. The report really only looked to state the facts and figures for interpretation by others, but this information could certainly be used to argue that monopolies are actually no better than regulated markets in terms of sports funding.