What has changed since the ban was lifted?
Now that the federal ban has been lifted, each state must determine the legal status of sports betting independently. According to the available information, 14 states will legalize sports betting over the next two years. Another 18 are preparing to legalize bookmaking in the next 3-4 years. The situation in the rest of the states is still uncertain. As a rule, local legislation prohibits bookmakers from operating in a specific territory.
Native Americans also began to fight for their share of the new market. Not so long ago, one of the “tribal” casinos in New Mexico announced the beginning of the bookmaker activity. Gambling and sports betting are prohibited under state law, but Indian reservations are not. This precedent could give the native population of America a compelling reason to look for loopholes in regional legislation.
Where can you already bet on sports?
Beyond Nevada, sports betting has long been available in Delaware, Oregon and Montana. True, in the form of a lottery. Mississippi and West Virginia foresaw the abolition of PASPA ahead of time, allowing bookmaking to operate on their territory pending a Supreme Court decision. The same goes for Pennsylvania, but a $ 10 million license and 36% tax (four times that of neighboring New Jersey) don’t appeal to businessmen.
Rhode Island announced in June this year that the state’s regulated sports betting market would launch in October, but later postponed the date to November.
The state of New Jersey won the most from the repeal of the Bradley Act. It was the local authorities who were the most ardent opponents of PASPA, eventually achieving its final abolition. Atlantic City is the second largest gaming center in the United States after Las Vegas, and therefore the reasons for New Jersey’s discontent with the monopoly granted to Nevada are quite clear. Now the state has a dynamically developing betting market, the lion’s share of which is played online. For example, the volume of bets made in September was $ 184 million, of which $ 104 million were bets made on the Internet.
Betting on the Web, by the way, is not available anywhere except New Jersey: even in Nevada, only land-based operators operate. The total volume of bets, in turn, almost doubled compared to $ 96 million in August. In July, that amount was $ 41 million. Growth is expected by the end of October, especially if we take into account the starts of the largest North American leagues.
Bookmakers in the USA: pros and cons
North American sports leagues are the most concerned about legalizing bookmaking across the United States. In particular, they are worried that with the spread of sports betting, the number of fixing matches will also increase. Especially in college sports.
Also, the financial issue remains unresolved. Despite the fact that the legalization of sports betting can bring significant dividends to the leagues, it has not yet been possible to agree with the bookmakers on specific numbers. Teams that want to have a share of the income of local bookmakers have their own interests. The situation is aggravated by the fact that legalization may not affect all states, and therefore some clubs risk being at a disadvantage. The same applies to teams from Canada, in which the state holds the monopoly on sports betting.