After years of holding the line, the NCAA and the four major professional sports leagues finally lost their battle against the spread of legal sports gambling in america.
The Professional and Amateur Sports Protection Act of 1992 (PASPA) — the national sports betting statute preventing any state outside Nevada from accepting a bet on a match — died of organic 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 allowed widespread legal sports betting and together have taken in almost $8 billion in stakes. Montana, Indiana, Iowa and Washington, D.C., have passed legalization bills over the previous few days, and several countries — including New York — are poised to be next. 2024, almost 70 percent of countries predicted to offer sports.
It’s a massive moment in American sports and has produced some incredible scenes and storylines:
Three notable sports commissioners — the NBA’s Adam Silver, the NHL’s Gary Bettman and Major League Baseball’s Rob Manfred — have appeared together with the CEO of one of the largest sportsbook operators in the country to announce ventures.
Two NFL owners entered last season with financial stakes, albeit de minimis ones, in DraftKings — the fantasy giant-turned-bookmaker, which will be taking bets on their various teams.
??? Fox Sports announced last week it is going to start a sports betting app and begin taking bets that fall — the greatest move up to now by media companies increasingly taking an interest in the business. ESPN and Fox Sports 1 have already launched daily displays around sports gambling.
??? Sports gambling has been in the center 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!” jog, amongst others), increasing its profile even further.
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