US sports betting could become a reality thanks to New Jersey
With New Jersey’s plea to the Supreme Court gaining favour, several USA states are preparing to legalize sports betting. Will online gaming follow?
For a country that is the self-proclaimed most powerful nation in the world, the United States of America have been rather primordial when it comes to matters of one of the fastest growing industries in the world, online gambling. With online gaming and sports betting often a point of contention when discussed alongside the USA, it’s very possible that change may now be on the horizon.
A country banned from online gambling
As it stands, it is illegal to gamble online in the USA, with the advice to visit Atlantic City or Las Vegas coming up when the FBI discusses the issue of online gambling on their official website. This is one of the reasons why so many potential Canadian players feel the need to Google search if it’s illegal to participate in online gambling in Canada – which it isn’t.
The size of the online gambling market expected to continue to grow and reach $51.89 billion by the end of 2018, according to Statista, a number which would increase vastly if the industry was legalized in the USA and open to over 250 million more adults. There’s already a base of avid casino goers in the United States, with just three casinos in Detroit, yielding $1.4 billion in revenue last year, per World Casino Directory.
But it’s not just online gambling that the USA could soon be opening up to, with sports betting being a hot topic on the agenda as well. As it stands, it is only legal to operate a betting scheme in Nevada, Oregon, Delaware, and Montana. In Canada, while there is legislation stopping a lot of land-based sports betting, online sports betting sits in a legal gray area of Canadian law, and so online sports betting is enjoyed by many Canadians.
Sports betting likely to come to the USA
According to reports from Calvin Ayre, new sports betting bills are set to come into action easily is as many as 11 states in the USA. They merely need to wait for the decision of the U.S. Supreme Court (SC) to deem the Professional and Amateur Sports Protection Act as unconstitutional. Of 18 states potentially set to introduce sports betting bills only 11 are likely to enact the betting bills.
New York, Oklahoma, Ohio, Massachusetts, West Virginia, Rhode Island, Illinois, Michigan, and New Jersey all look set to bring these new betting bills into power, with Indiana and Kentucky having already introduced betting bills.
The majority of this hopefulness for sports betting to be legalized in these states is based on New Jersey’s claim that the Professional and Amateur Sports Protection Act infringes the protection of a state’s rights within the U.S. Constitution. The New Jersey claims didn’t fall on deaf ears, with the majority of the Supreme Court justices seemingly agreeing with what that state put forth.
A is set to be announced sometime before June 2018, but early predictions see the potential sports betting market in the USA to annually be worth up to $5.8 billion in gross gaming revenue within half-a-decade.
Fantini research predicting domino effect
With the anticipated moves in legislation over the year of 2018, Fantini, according to Gambling Insider, foresees a domino effect taking place in many areas of the gambling scene. For a start, the Fantini research doesn’t see just a few states legalizing sports betting if the Supreme Court’s ruling gives a green light, but several states to immediately make a move to allow sports betting within their borders.
Then, with sports betting established as a legal gambling activity in many states, Fantini predicts that online gaming will soon follow. Fantini predicts a whole wave of states legalizing online gaming, with their predictions settling on Illinois, Michigan, and New York as the most likely states to be the front runners with such bills. They further anticipate the likes of New Hampshire and West Virginia following suit, but that all of this is a possibility during 2018.
With the decision on sports betting not expected to come until around June of this year, the move for online gaming may not come to fruition until 2019 or beyond, but allowing sports betting is certainly the first stepping stone en route to legalizing online gaming.
It’s rather speculative to predict sports betting and online gaming to be legalized in some states in the USA within 12 months, but when a bill for the former is enacted, it’ll only be a matter of time before a bill for the latter is. We’re sailing for exciting times in the gambling world, with the potential revenues from players in the USA having the potential to boost the industry exponentially.
FBI official site: https://archives.fbi.gov/archives/news/stories/2007/june/gambling_060607