US States can make their own rules on sports betting

| November 7, 2018

US Ruling gives individual states the power to legalize sports betting

On May 14, the  US Supreme Court decided to lift the 25-year-old ban on sports betting. This opened a door for all the fifty states to start making their own laws regarding sports betting.

Nevada and three other states were the oh ones which had the permit to gamble. Under the Professional and Amateur Sports Protection Act (PASPA) of 1992 legalization and regulation bill, all sports betting was banned. The only exception was horse and dog racing.

New Jersey was the first state which started to start lobbying for a change in the PASPA Act. This can be mainly attributed to the fact that it missed a narrow window in the exception list against the ban. Now, sports gambling are a whole lot more fun!

On May 14, this historic ruling gave individual states the power to legalize sports betting. And various states jumped into the opportunity and legalized sports betting within months.

Delaware was the first state to legalize things on June 5, 2018. The state moved to offer a single game betting on a number of different games in various casinos. The legalization happened to both the land-based casinos and online casinos.

New Jersey was the second state to pass the law on June 11. Governor Phil Murphy signed the bill and he was the first person to cast the first bet on Thursday, June 14. The William Hill sportsbook at Monmouth Park was the first sportsbook in the state.

Mississippi and West Virginia became the fourth and fifth states respectively to legalize sports betting in the month of August. However, in Mississippi, the law requires all betting to be done in person. Online betting laws are still being reviewed.

On the other hand, both person and online sports betting are allowed in West Virginia.

New Mexico and Pennsylvania are on the road to legalizing sports betting. New Mexico saw the Santa Ana Star and Casino book its first partnership with USBookmaking. This happened on October 17. However, it is good to note that New Mexico has not passed any law concerning new sports legislation.

A lot of States have gone to receive this new ban with a lot of excitement. This is because it is likely to increase the amount of revenue collected from this states. However, critics are worried that this new sports law will corrupt the system.

Major leagues have gone on to point out that the integrity of the sports will be ruined. For instance, in Pennsylvania, five leagues were in the opposite side to allow the state to pas the new laws. However, since PASPA was lifted they have gone on to demand 1% fee from all vendors.

This 1% is actually a lot to ask for. Although some States have gone ahead to reduce the integrity fee to almost 0.25%. But this might still limit the states from attaining their full potential.

However, it will all depend on how a States wants its betting laws to be. There are almost 22 States which have not shown any interest to pass the new laws but we just have to wait and see.

 


Category: Betting

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