Following years of holding the line, the NCAA and the four major professional sports leagues finally lost their struggle against the spread of legal sports gambling in america.
The Professional and Amateur Sports Protection Act of 1992 (PASPA) — the federal sports betting statute preventing any nation outside Nevada from taking a wager on a match — died of organic Supreme Court causes one year ago, only after 10 a.m. ET on May 14, 2018.
In that brief year, seven states (in addition to Nevada) have enabled widespread legal sports gambling and together have earned nearly $8 billion in bets. Montana, Indiana, Iowa and Washington, D.C., have passed legalization bills over the previous couple of days, and lots of states — including New York — are poised to be next. By 2024, nearly 70 percent of countries are expected to offer sports.
It is a monumental 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 greatest sportsbook operators in the country to announce partnerships.
Two NFL owners entered last year with financial bets, albeit de minimis ones, in DraftKings — that the fantasy giant-turned-bookmaker, which is taking bets on their respective teams.
??? Fox Sports announced last week that it is going to launch a sports gambling app and start 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 launched daily shows around sports gambling.
??? Sports betting has been in the middle of discussion of several 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, among others), raising its profile even further.
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