VW Podcasts

Vig & Juice Ep.5: PASPA

By 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.

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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.

Time Stamps

  • 0:55 – 1992 Song Game
  • 4:00 – Role of PASPA
  • 5:15 – Circumstances Surrounding Legislation
  • 7:45 – Nationalization Issues & Carveouts
  • 9:40 – Betting Cards
  • 11:50 – Civil Statute & Private Actors
  • 13:50 – Why Leagues Care
  • 16:00 – Jai Alai & Para Mutual Betting
  • 17:55 – Scandals & Sports Leagues
  • 21:10 – PASPA Repeal Preview

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Vela Wood
Vela Wood is a boutique corporate law firm with a local feel and a global impact. We focus our practice in the areas of M&A, Private Equity, Fund Representation, and Venture Transactions.