After decades of holding the line, the NCAA and the four major professional sports leagues eventually lost their battle against the spread of lawful sports betting in the United States.
The skilled and Amateur Sports Protection Act of 1992 (PASPA) — the federal sports betting statute preventing any state outside Nevada from taking a bet on a game — died of natural Supreme Court causes one year ago, just after 10 a.m. ET on May 14, 2018.
In that short year, seven states (along with Nevada) have enabled widespread legal sports betting and together have taken in nearly $8 billion in bets. Montana, Indiana, Iowa and Washington, D.C., have handed legalization bills over the past few days, and lots of states — including New York — are poised to be following. By 2024, nearly 70 percent of countries are expected to offer legal sports betting.
It is a monumental moment in American sport and has produced some incredible scenes and storylines:
Three prominent sports commissioners — the NBA’s Adam Silver, the NHL’s Gary Bettman and Major League Baseball’s Rob Manfred — have emerged together with the CEO of one of the largest sportsbook operators in the nation to announce partnerships.
2 NFL owners entered last season with monetary bets, albeit de minimis ones, in DraftKings — that the dream giant-turned-bookmaker, which will be taking bets on their various teams.
??? Fox Sports declared last week that it will start a sports betting app and start taking bets that autumn — the biggest move up to now by media firms increasingly taking an interest in the industry. ESPN and Fox Sports 1 have already launched daily shows around sports gambling.
??? Sports betting has been at the middle of discussion of numerous huge sporting moments over the past year (Todd Gurley’s kneel-down, Tiger Woods winning the Masters, the Kentucky Derby disqualification, James Holzhauer’s”Jeopardy!” run, amongst others), raising its profile even further.
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