Following decades of holding the line, the NCAA and the four major professional sports leagues finally lost their battle against the spread of legal sports betting in america.
The skilled and Amateur Sports Protection Act of 1992 (PASPA) — the national sports betting statute preventing any nation outside Nevada from accepting a wager on a game — died of natural Supreme Court causes annually ago, just after 10 a.m. ET on May 14, 2018.
In that short year, seven nations (along with Nevada) have enabled widespread legal sports gambling and together have earned almost $8 billion in bets. Montana, Indiana, Iowa and Washington, D.C., have handed legalization bills over the previous couple of days, and several states — including New York — are poised to be next. 2024, nearly 70 percent of states expected to provide sports betting.
It’s a monumental moment in American sport and has produced some Extraordinary 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 appeared with the CEO of one of the greatest sportsbook operators in the country to announce partnerships.
2 NFL owners entered last year with financial stakes, albeit de minimis ones, in DraftKings — that the dream giant-turned-bookmaker, which is taking bets on their respective teams.
??? Fox Sports announced last week that it will launch a sports betting app and start taking bets this fall — the biggest move up to now by media firms increasingly taking an interest in the industry. ESPN and Fox Sports 1 have launched daily displays around sports gambling.
??? Sports betting has been in the middle of discussion of several 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.
Read more: mvcstcharles.com