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 gambling in america.
The Professional and Amateur Sports Protection Act of 1992 (PASPA) — the national sports betting statute preventing any state outside of Nevada from taking a bet on a match — died of natural Supreme Court causes one year ago, only after 10 a.m. ET on May 14, 2018.
In that short year, seven nations (along with Nevada) have allowed widespread lawful sports betting and together have earned almost $8 billion in stakes. Montana, Indiana, Iowa and Washington, D.C., have handed legalization bills over the past couple of days, and several states — including New York — are poised to be following. By 2024, nearly 70 percent of countries are predicted to offer sports gambling.
It’s a monumental moment in American sports and has produced some Extraordinary 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 nation to announce partnerships.
2 NFL owners entered last season with financial stakes, 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 is going to launch a sports betting app and begin taking bets this fall — 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 displays around sports gambling.
??? Sports betting has been at the middle of discussion of numerous huge sporting moments within the last 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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