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 skilled and Amateur Sports Protection Act of 1992 (PASPA) — the federal sports gambling statute preventing any nation outside Nevada from taking a bet on a match — died of natural Supreme Court causes one year ago, only after 10 a.m. ET on May 14, 2018.
In that brief year, seven states (along with Nevada) have enabled widespread lawful sports betting and collectively have taken in almost $8 billion in stakes. Montana, Indiana, Iowa and Washington, D.C., have handed legalization bills within the past couple of days, and several states — including New York — are poised to be next. By 2024, almost 70 percent of countries are expected to offer sports gambling.
It is a monumental moment in American sports and already 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 emerged with the CEO of one of the largest sportsbook operators in the country to announce ventures.
2 NFL owners entered last year with financial bets, albeit de minimis ones, in DraftKings — the fantasy giant-turned-bookmaker, which will be taking bets on their various teams.
??? Fox Sports declared last week that it will launch a sports gambling app and begin taking bets this fall — the greatest move so far by media firms increasingly taking an interest in the business. ESPN and Fox Sports 1 have already launched daily displays around sports gambling.
??? Sports betting has been in 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, among others), increasing its profile even further.
Read more: sports-opinionated.com