Sports Betting – A New Sport?

The Dodgers just lost the World Series less than two weeks ago, but some of the oddsmakers already have them favored to win it all in 2019. Sure the Dodgers need a new general manager, hitting coach, third base coach, and possibly a starting catcher, but they are one of the top teams again to not only reach the World Series but finally win it. We all know the Dodgers don’t have a problem getting to the World Series. Anyways, sports betting which is now technically federally legal has become quite popular and continues to grow. It’s always interesting to look at the technologies, formulas and impact that sports betting has had on not only baseball but all sports. Here’s something different for you to read while we wait for the hot stove to get heated up.

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?

The team of experts at NJ Games  has conducted research about this new market and its impact on the US economy. The information gathered has been put into this intriguing infographic.

 

 

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.

Scott Andes

Scott Andes

Scott Andes: Former Co-editor of Lasorda's Lair. Longtime writer and Dodger fanatic Cheap MLB Tickets

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One thought on “Sports Betting – A New Sport?

  1. You put a lot of work and research into this article,Scott. I find it interesting that more states have not launched sports betting fully. Not sure whether it is a good thing though.

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