Following years of holding the line, the NCAA and the four major professional sports leagues finally lost their battle against the spread of lawful sports betting in america.
The skilled and Amateur Sports Protection Act of 1992 (PASPA) — the federal sports betting statute preventing any state outside 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 brief year, seven states (in addition to Nevada) have allowed widespread legal sports gambling and collectively have earned almost $8 billion in bets. 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. By 2024, almost 70 percent of countries are expected to provide sports.
It is a massive moment in American sports and already has produced some Extraordinary scenes and storylines:
Three prominent sports commissioners — the NBA’s Adam Silver, the NHL’s Gary Bettman and Major League Baseball’s Rob Manfred — have appeared 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 — that the fantasy giant-turned-bookmaker, which is 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 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 displays around sports gambling.
??? Sports betting has been in the center of discussion of several 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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