Following decades of holding the line, the NCAA and the four major professional sports leagues eventually 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 betting statute preventing any state outside of Nevada from accepting a wager on a game — died of organic Supreme Court causes annually ago, only after 10 a.m. ET on May 14, 2018.
In that short year, seven nations (in addition to Nevada) have enabled widespread legal sports gambling and together have taken in almost $8 billion in stakes. Montana, Indiana, Iowa and Washington, D.C., have handed legalization bills over the previous few days, and lots of states — including New York — are poised to be next. 2024, nearly 70 percent of countries predicted to provide sports gambling.
It’s a monumental moment in American sports and has produced some incredible 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 together with the CEO of one of the largest sportsbook operators in the nation to announce ventures.
2 NFL owners entered last season with financial bets, albeit de minimis ones, in DraftKings — that the fantasy giant-turned-bookmaker, which is taking bets on their respective teams.
??? Fox Sports announced last week that it will start a sports betting app and start taking bets this autumn — the greatest move so far by media companies increasingly taking an interest in the industry. ESPN and Fox Sports 1 have launched daily displays around sports betting.
??? 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), raising its profile even further.

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