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The Supreme Court of the United States of America ruled against the Professional and Amateur Sports Protection Act (PASPA) in May 2018. This ruling made sports betting a possibility in all states of America. However, they still possess the right to determine whether or not they want to allow sports betting on their territories. Interestingly, many of them are beginning to accept sports betting as a norm. And who can blame them? Legal sports betting has only been known to significantly increase tax revenue on the local and federal level.
In August 2018, Mississippi became the fourth state to launch sports betting operations fully. The three previous states to do this were New Jersey, Delaware, and West Virginia. By virtue of this, Mississippi became the first southern state to accept sports betting.
Sports experts predict that sports betting won’t become very widespread in the United States until after about a year. However, if you intend to invest in this relatively new industry, it is important that you get ahead of the time.
How do you do that?
You’ll find here the extent of economic growth this legalization can bring to the economy of the US. The gambling industry was already estimated to generate about $208 billion in 2018. Now, this was even before the legalization. With the legalization in effect, one can only imagine just how much promise sports betting holds for the US GDP.
Another section of the infographic that might interest you is about the monetization of real-time sports data. The infographic features everything – the history, the present, and the future. Read on to keep abreast with current trends in today’s sports betting.