Following years of holding the line, the NCAA and the four major professional sports leagues eventually lost their struggle against the spread of legal sports gambling in the United States.
The Professional and Amateur Sports Protection Act of 1992 (PASPA) — the federal sports betting statute preventing any nation outside of Nevada from taking a wager on a game — died of natural Supreme Court causes annually ago, just after 10 a.m. ET on May 14, 2018.
In that brief year, seven nations (along with Nevada) have allowed widespread legal sports gambling and collectively have earned almost $8 billion in stakes. Montana, Indiana, Iowa and Washington, D.C., have passed legalization bills within the previous couple of days, and lots of states — including New York — are poised to be following. 2024, nearly 70 percent of countries expected to provide legal sports.
It’s 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 emerged with the CEO of one of the greatest sportsbook operators in the country to announce partnerships.
2 NFL owners entered last season with financial stakes, albeit de minimis ones, in DraftKings — the fantasy giant-turned-bookmaker, which will be taking bets on their various teams.
??? Fox Sports announced last week it is going to start 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 industry. ESPN and Fox Sports 1 have already launched daily displays around sports betting.
??? Sports betting has been in the center 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, among others), raising its profile even further.
Read more: sport24ore.com