Following years 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 the United States.
The Professional and Amateur Sports Protection Act of 1992 (PASPA) — the national sports gambling statute preventing any nation outside of Nevada from taking a wager on a match — 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 enabled widespread legal sports gambling and together have earned nearly $8 billion in stakes. Montana, Indiana, Iowa and Washington, D.C., have passed legalization bills within the previous couple of days, and several states — including New York — are poised to be following. 2024, nearly 70 percent of countries expected to provide sports gambling.
It is a massive moment in American sport and has produced some Extraordinary 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 appeared with the CEO of one of the greatest sportsbook operators in the country to announce ventures.
Two NFL owners entered last year with monetary stakes, albeit de minimis ones, in DraftKings — that the fantasy giant-turned-bookmaker, which will be taking bets on their respective teams.
??? Fox Sports announced last week it will start a sports gambling app and start taking bets this fall — the biggest 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 gambling.
??? Sports betting has been at the middle of discussion of several 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!” jog, amongst others), increasing its profile even further.
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