Betting on sports legally in the US has always been limited to the Oregon, Delaware, Montana and Nevada, or really Las Vegas in particular, but now Americans are on the cusp of having access to fully regulated sports betting including online and through mobile devices. The Supreme Court case known as Christie vs NCAA is set to have a decision in the coming weeks with many anticipating the ruling will set in motion the ground work for legal sports betting across America!
Online sports betting is seeing tremendous interest in the United States and, most recently, the US has seen a strong movement to legalize sports betting across the country. The federal ban on sports betting, PASPA, was established in 1992, but a Supreme Court case Christie v. NCAA has challenged the ban and it is becoming more and more likely that the ban could be repealed, opening the door for regulated and legal US sports wagering. Below we supplied answers to all the most common questions Americans have regarding the potential US sports betting market.
Sports betting is currently illegal in the U.S. in all states but Nevada, Montana, Oregon and Delaware, because of a 1992 federal law, PASPA. A current case being heard by the Supreme Court could change that very soon as efforts are underway to overturn the federal ban on sports wagering. Those efforts are seeing some fruition as the SCOTUS is due to release a decision soon on Christie v the NCAA which could strike down the ban. Should that happen, 24 states have made attempts to pass legislation that would allow sports betting, including Kansas and Massachusetts, as well as more recently New York. Twenty states specifically backed New Jersey’s attempts at getting its case before the SCOTUS. A lesser number have worked to enact online gambling, however in light of the SCOTUS case, there has been a strong push on the part of many states including Pennsylvania who is in the process of setting up their own legal online casino industry.
You cannot currently bet sports online in New Jersey, however it’s the state closest to allowing online sports wagering as it has already made the greatest strides in terms of legislation and established a self-governing body (TISWA) to regulate gambling if the Supreme Court rules in its favor. Other forms of online gambling are already legal in New Jersey and it remains a stronghold for both brick-and-mortar and other gambling options.
Betting on sports online in the U.S. is only allowed in Nevada currently, but the states of New Jersey, Pennsylvania, Connecticut and Missouri have all recently passed bills that would allow for sports betting if it is either legalized on a federal level or given leeway at a state level.
Support for a legal and regulated US betting industry has skyrocketed the last few years. Despite decades of opposition, major companies, politicians and even professional sports leagues are changing their tune in regards to wagering on sports. As expected, not everyone is on board with the expansion of sports wagering in the US but the list below contains the most influential figures in the industry and how they currently feel about the potential of legal sports betting in America.
For decades, all the major professional sports leagues in the US opposed the legalization of sports betting. They even banned teams from moving to Las Vegas. That's all in the past now though, for the most part. The NBA and MLB have actively involved themselves in the legislative process including forming a template for states looking to passes a bill themselves. The NFL and NHL have actually moved teams to Las Vegas so clearly the professional sports leagues are opening up to the idea of Americans betting on sports.
When last asked about the White House's view on the potential lifting of the federal ban on sports betting, President Trump, despite his many ties to the gambling industry, sided with his Attorney General, Jeff Sessions, in supporting the continuation of the ban. If the SCOTUS rules the federal ban is unconstitutional, many believe Trump will shift his tone.
A report released in 2017 revealed for the first time ever a majority of Americans approve of legalizing sports wagering. According to the report, 55% of Americans polled 'Approve' making betting on professional sporting events legal while only 33% 'Disapprove'. Compare that to a similar poll done in the 1993 where only 41% approved and 56% disapproved.
American odds are based on positive and negative figures and indicate how much money a better must wager to win $100 or how much a $100 bet would win. Negative numbers indicate how much you must bet to win $100. For example odds of -140 mean you must bet $140 to win $100. Positive numbers indicate how much you'd win from a $100 bet. So odds of +160 would mean a win of $160. To work out how much you'd win on a different bet amount, you just have to scale the figure up or down proportionally. So a $1 bet at 140 would win $1.40. These odds are different from other types practiced by other countries, two main types of which are fractional odds and decimal odds.
Odds given in a fraction show your potential winnings as a fraction of your original stake, which means you divide the numbers displayed and multiply the result by your stake to determine your winnings. So a bet of $10 at odds of 2/1 would be calculated as: 2 divided by 1 = 2, 2 x 10 = 20. That's a win of $20, plus your initial stake of $10, so $30 total.
Odds using decimals represent the multiple of your stake that's returned in the event of a successful bet, including your initial stake. So if you made a successful bet of $10 at odds of 1.5, you'd get 1.5 x $10 = $15. Decimal odds of 1.5 are equivalent to fractional odds of 1/2.
America would provide a truly unique betting experience if the online wagering industry were allowed to expand within it. The U.S. offers a host of both professional and amateur sports and allowing gamers with all different types of expertise would be not only possible but a cornerstone for the U.S. online gambling system. Below is a list of the top betting markets in the US should online wagering become legal:
While betting in Vegas is a benchmark experience for many Americans, for those who don’t live in the Nevada the trip is often costly and the vast majority only get to make it once in a lifetime at best. Online betting would bring betting to the comfort of home as it’s already enjoyed around the world. While nothing will replace the feeling and atmosphere of a Las Vegas sportsbook, online betting gives gamers and sports aficionados a limitless amount of opportunities to wager at will every day of the year.
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