Following decades of holding the line, the NCAA and the four major professional sports leagues finally lost their struggle against the spread of lawful sports betting in america.
The skilled and Amateur Sports Protection Act of 1992 (PASPA) — the national sports betting statute preventing any state outside of Nevada from accepting a bet on a match — died of organic Supreme Court causes one year ago, only after 10 a.m. ET on May 14, 2018.
In that short year, seven nations (in addition to Nevada) have allowed widespread lawful sports gambling and collectively have taken in almost $8 billion in stakes. Montana, Indiana, Iowa and Washington, D.C., have passed legalization bills within the past few days, and several states — including New York — are poised to be following. 2024, almost 70 percent of countries predicted to provide legal sports gambling.
It’s a monumental moment in American sports and already 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 greatest sportsbook operators in the nation to announce partnerships.
2 NFL owners entered last season with monetary stakes, albeit de minimis ones, in DraftKings — that the dream giant-turned-bookmaker, which will be taking bets on their various teams.
??? Fox Sports announced last week that it will start a sports gambling app and begin taking bets that autumn — the biggest move up to now by media companies increasingly taking an interest in the business. ESPN and Fox Sports 1 have already launched daily shows around sports betting.
??? Sports gambling has been in 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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