After decades of holding the line, the NCAA and the four major professional sports leagues finally lost their battle against the spread of legal sports betting in america.
The skilled and Amateur Sports Protection Act of 1992 (PASPA) — the federal sports betting statute preventing any nation outside of Nevada from accepting a wager on a game — 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 legal sports gambling and collectively have taken in nearly $8 billion in stakes. Montana, Indiana, Iowa and Washington, D.C., have handed legalization bills over the past couple of days, and lots of states — including New York — are poised to be following. By 2024, nearly 70 percent of countries are expected to offer legal 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 emerged together with the CEO of one of the greatest 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 dream giant-turned-bookmaker, which is taking bets on their various teams.
??? Fox Sports announced last week it is going to start a sports gambling app and begin taking bets this autumn — the greatest move up to now by media firms increasingly taking an interest in the business. ESPN and Fox Sports 1 have launched daily shows around sports betting.
??? Sports gambling has been at the center 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!” run, among others), raising its profile even further.
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