American Sports Betting Industry celebrates Second Anniversary of PASPA abolition
The United States Sports Betting Industry is commemorating the second anniversary of abolition of the Professional and Amateur Sports Protection Act (PASPA), which was repealed by the Supreme Court on May 14, 2018.
PASPA, which was also known as Bradley Act, was enacted in 1992. It was meant to define the legal status of sports betting across the nation. Excluding a handful of states, it effectively outlawed sports betting all over the nation.
The U.S. Supreme Court’s ruling to strike down the controversial act effectively allowed all states across the nation to regulate sports betting on their own without any interference by the federal government. Now, around a third of the American population resides in states that have approved some kind of sports betting. The American Gaming Association said that the practice of sports betting in the U.S. has reached a level of expansion that few had expected when the apex court had repealed PASPA.
When asked for a comment, industry lobbyist Jeremy Kudon said, “I would have lots a lot of money, if I was given a chance to wager on whether non-gaming states, like Tennessee, Virginia, and New Hampshire would legalize mobile sports betting in these first two years.”
The biggest success in terms of sports betting’s expansion has been noticed in states that have made mobile and online sports betting legal. A total of six states, including New Jersey, Indiana and Pennsylvania, have fully made mobile betting legal. In New Jersey, 90 per cent of total bets are being made through mobile devices. States that have allowed only in-person betting have failed to reap high revenues.
For example, New York, which only permits betting at its four casinos, made less than $2 million in revenue in January as compared with New Jersey’s $53.6 million. However, not everything has gone smoothly since the abolition of PASPA as state-by-state regulation has caused confusion for gamblers as well as operators alike.
Since the abolition of PASPA, the practice of sports betting has rapidly been expanding across the nation. Before May 2018, Nevada was the only state in the U.S. that used to host sportsbooks and offered single-game sports betting. Now, more than one and half dozen states have approved some kind of sports betting. Four more states in addition to Washington D.C. have passed laws to make the controversial practice of sports betting legal.
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