After years of holding the line, the NCAA and the four major professional sports leagues finally lost their battle against the spread of lawful sports gambling in the United States.
The skilled and Amateur Sports Protection Act of 1992 (PASPA) — the national sports gambling statute preventing any nation outside of Nevada from taking a bet on a game — died of organic Supreme Court causes one year 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 gambling and collectively have earned almost $8 billion in stakes. Montana, Indiana, Iowa and Washington, D.C., have passed legalization bills within the past few days, and lots of countries — including New York — are poised to be following. 2024, almost 70 percent of countries predicted to offer legal sports.
It is a monumental moment in American sport 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 emerged together with the CEO of one of the largest sportsbook operators in the nation to announce ventures.
Two NFL owners entered last year with financial bets, albeit de minimis ones, in DraftKings — the fantasy giant-turned-bookmaker, which is taking bets on their respective teams.
??? Fox Sports declared last week that it will launch a sports gambling app and begin 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 betting.
??? 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!” jog, among others), raising its profile even further.
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