After decades 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 skilled and Amateur Sports Protection Act of 1992 (PASPA) — the federal sports gambling statute preventing any nation outside of Nevada from taking a wager on a match — died of natural Supreme Court causes annually ago, only after 10 a.m. ET on May 14, 2018.
In that short year, seven states (along with Nevada) have allowed widespread legal sports betting and collectively have taken in almost $8 billion in stakes. Montana, Indiana, Iowa and Washington, D.C., have passed legalization bills within the past couple of days, and several countries — including New York — are poised to be next. By 2024, almost 70 percent of states are predicted to offer sports.
It is a monumental moment in American sport and 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 largest sportsbook operators in the nation to announce ventures.
2 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 respective teams.
??? Fox Sports declared last week that it will start a sports gambling app and start taking bets that fall — the biggest move so far by media companies increasingly taking an interest in the business. ESPN and Fox Sports 1 have already launched daily shows 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! » run, among others), increasing its profile even further.
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