More and More States are Legalizing Sports Betting
Sports betting became legal in parts of the United States in 2018. This followed the Supreme Court ruling that the Professional and Amateur Sports Protection Act was unconstitutional. PASPA was in place from 1992 until 2018, but New Jersey’s efforts caused the law to vanish. The state fought multiple legal battles that spanned close to a decade.
There have been 31 states that have passed some form of legal betting. However, there is still a lot of work that needs to be done. The industry is wondering when wagering will be permitted throughout the nation.
This is a difficult question to answer because every state is unique. When sports betting was legalized, states were given the discretion to create their own rules.
Despite this, there should be legal sports betting throughout the nation in the next five years. A few state legislatures need to change their mentality, but this will likely happen soon.
Here are some reasons why sports betting will be unanimously legal soon.
Sports Betting is Becoming Mainstream
Five years is a rough estimate of when wagering will become legal. It’s tough to tell because many states are still opposed to the form of gambling.
The states that oppose sports betting are in the minority, which is positive for the industry. Sports betting is becoming mainstream in the United States. This shift has been thanks to the professional sports leagues buying into the industry.
There was a time when sports leagues did not want legal wagering. The professional leagues and NCAA were the main groups fighting New Jersey.
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The leagues lost and eventually realized that they could profit from the industry. League representatives quickly shifted their mentalities. Many professional associations have partnerships with sports betting providers.
Through advertisements, sports betting has become mainstream. You will find odds and spreads on all major sports television channels. People in states without sports betting want the form of gambling.
If legislatures listen to citizens as they should, sports betting will start being legalized in the remaining states.
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The most important thing for states is money. Without money, no change can occur in any state. Legislators need financial resources to make policy changes.
The COVID-19 pandemic put a dent in state budgets throughout America. The success of sports wagering in the pandemic caused many state legislatures to enact betting bills.
The one benefit of sports betting for states is that it produces a lot of tax revenue. Money is the primary decision factor in every decision for governments.
States like Texas oppose sports betting. However, sports betting will prevail because of money. Additionally, groups will lobby governments to get sports betting passed.
If people want to wager sports, they will do so on offshore sportsbooks. States understand sports betting is occurring. When legislatures realize how much money they are losing, sports betting is typically enacted.
Nineteen states need to come to their senses for legal sports betting to be available in all 50 states. The legalizations will not happen tomorrow. Nevertheless, with the gains in the industry, five years is a reasonable timeline for sports betting throughout America.