Navigating the Legal Landscape of Sports Betting in the USA

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Navigating the Legal Landscape of Sports Betting
in the USA

• https//datasportsgroup.com/

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Sports betting is one of the hot topics in the
media right now. The long-standing taboo against
gambling swiftly vanished from American culture,
creating the conditions for the vast,
multibillion-dollar legal sports betting market.
The US sports betting market is still unexplored
with ultimate potential as many would know that,
not all the states have legalized its status! But
with more than half of the country kicking off
with the legalization process for sports betting.
It seems like it is only a matter of time.
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It's hard to believe that just Nevada had
legalized sportsbooks only a few years ago when
over 36 states currently provide some type of
legal US sports betting sites. Of the 36 states,
only three states are in the process of launching
their programs while others already have existing
setups.
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• How did it all come to be?
• On May 2018, the Supreme Court decided that
  states could authorize sports betting under their
  own conditions. While a few states are presently
  considering whether to join in themselves, more
  sports enthusiasts than ever before from all over
  the country can now wager on sports in the U.S.
  In fact, the repeal of PASPA represents the
  turning point in American sports betting history
  because it made it possible for a remarkable,
  mostly unregulated sector to get its due
  limelight and function more consciously within
  rules and regulations.

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But know this if you are planning to be a betting
operator in the US, sports betting can become
unlawful after you cross state lines because each
state is allowed to set its own rules and
regulations. States that solely permit in-person
wagering exist, but there are also those that
permit mobile sports betting. While some states
permit betting on all sports, others might forbid
it for minor leagues and colleges. It can be
quite difficult to recall which states allow
legal sports betting and what that involves
because so many states make up their own laws.
Thus before proceeding with setting up your own
betting platform you need to be aware of the
state-by-state laws regarding sports betting in
the USA.
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• Tracking the legal changes state by stage
• On May 14, 2018, after PASPA was declared
  obsolete, six months later, seven additional
  states launched their sports betting markets to
  complement Nevada's already established one. The
  first wave of states to legalize sports betting
  in history included Delaware, New Jersey,
  Mississippi, West Virginia, Pennsylvania, Rhode
  Island, and New Mexico.

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The second wave of sports betting legislation was
introduced during the first half of 2019. At
least one sports betting bill was presented in a
legislative chamber in more than two dozen
states, and several of those states ended up
enacting legislation. Thereafter the number of
sports betting states increased further with the
addition of North Carolina, Tennessee, Illinois,
Indiana, Montana, Iowa, and New Hampshire. Later
many more states followed suit to bring that
number to 36.
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• What is the financial impact of legalization?
• The states that permitted legal betting has seen
  financial benefits from it already. According to
  the American Gaming Association, Americans
  legally wagered 73 billion on sports in the
  first 10 months of 2022, an increase of 70 from
  the same period last year. Sports betting
  businesses made 5.77 billion off of those bets,
  a 78 increase from the previous year, while
  states and the federal government likely made
  1.3 billion.
• New York, which began its mobile sports betting
  market last year, is already at the top in sports
  betting revenue with 1.07 billion from January
  through October. While Illinois and New Jersey
  followed with 616 million and 595 million.

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Casey Clark, a senior vice president at the
American Gaming Association (AGA) even shared
that last year was a record-breaking year for the
gaming industry, and certainly, the continued
expansion and adoption of and maturation of legal
sports betting across the country contributed to
that.
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• What can we expect in the future?
• As existing state markets mature and new ones are
  introduced, Clark anticipates that 2023 will be
  another year of records. He predicts that the USA
  will see legislative movement in probably nine
  or ten more states. Thus the number of sports
  betting in USA legal states will continue to
  increase from the current, 36.
• The three largest statesCalifornia, Florida, and
  Texashave not yet permitted sports betting but
  lobbyist and multiple bills have been raised as
  the fight for Sports bettings legal status
  continues. Additionally, four other states-
  Kentucky, Minnesota, Missouri, and North Carolina
  will probably amend their laws this year as well.

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It is simply astounding how quickly sports
betting is becoming popular, as evidenced by the
number of states that have already changed their
laws to allow sports betting. After decades of
being pushed to the periphery of society, sports
betting is now reclaiming its place at the
center. And it has thus created an opportunity
for betting operators and sportsbooks to enter
the market creating more vibrant local economies,
more jobs, and employment opportunities as well.
Partner with Sports Data Providers like Data
Sports Group and get individualized solutions for
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