The online and mobile sports betting industry in the United States has been a giant success and money-maker across the country, with nearly 30 different states legalizing a form of it.
Back in 2018, the Supreme Court of the United States ruled that the Professional and Amateur Sports Protection Act of 1992 (PASPA) was a violation of the country’s Tenth Amendment.
The PASPA had barred sports betting from taking place in most parts of the nation, but the SCOTUS’ ruling meant that all 50 U.S. states could legalize it if they so desired. Soon after the historic ruling, the states of New Jersey, Delaware and Mississippi launched mobile and online sports betting.
There are several states that could soon legalize sports betting as well, including Ohio and Kansas. The expectation is that Caesars Sportsbook in Ohio goes live by Jan. 1, 2023. Other sportsbooks that would likely go live In The Buckeye State include FanDuel, BetMGM and DraftKings.
If it launches, residents of Ohio would be able to bet on the state’s many professional and popular collegiate teams. This includes the Buckeyes’ football team, the NFL’s Cleveland Browns and Cincinnati Bengals, the NBA’s Cleveland Cavaliers, MLB’s Cincinnati Reds and Cleveland Guardians as well as the NHL’s Columbus Blue Jackets.
Regarding Kansas, there is optimism that the state will launch legal mobile and online sports betting by the fall of this year. That would fall in line with the start of the college football and NFL seasons.
On the north side of the border, the Canadian province of Ontario launched mobile and online sports betting in April. Ontario became the first Canadian province to launch it, and perhaps more will soon follow.
With more states likely to legalize sports betting by the end of the year — or by the first quarter of 2023 — it’s safe to say that the industry will only continue to flourish over the long run.
2021 Was A Record Year For Sports Betting In USA
According to data from the American Gaming Association, several records in the U.S. sports betting world were set in 2021.
According to the American Gaming Association, 2021 marked a mammoth $53.03 billion total in annual commercial gaming. It was noted that this was “a 21.5 percent increase from the previous high in 2019.”
Unsurprisingly, the Las Vegas Strip led the way with a 2021 revenue of $7.05 billion, according to the data. The Atlantic City market in New Jersey was a distant second with a revenue of $2.57 billion.
The Chicagoland market in Illinois was a close third with $2.01 billion in revenue, followed by Baltimore/Washington DC ($2 billion). In all, nine markets generated at least $1 billion in revenue — and 15 surpassed the $800 million mark.
2020 was greatly impacted by the COVID-19 pandemic, as were large portions of 2021. So we shouldn’t be surprised if 2022 turns out to be a much bigger year for online sports betting in the country, especially with more states on the verge of legalizing sports betting.
Sports Betting Boom: Look No Further Than New York
Though plenty of states legalized and launched mobile/online sports betting well before New York, the Empire State alone is a prime example of how much the industry can take off in any given part of the country.
The state of New York launched sports betting in January of this year. In February, Gov. Kathy Hochul announced that New Yorkers placed close to $2 billion in mobile sports wagers within its first 30 days of launching.
New York puts the tax revenue from sports betting towards good causes. The money goes towards supporting youth sports programs, education, property tax relief and gambling addiction services.
New Yorkers have since placed more than $6 billion worth of sports bets since it launched in January. Keep in mind that the 2021 NFL season was in the final weeks when sports betting went live in New York.
The 2022 NFL season will commence in September, so New Yorkers will be able to place wagers on the Giants, Jets and Buffalo Bills throughout the course of the year. Given how popular football is in The Empire State, one can only imagine how much more sports betting will surge over the final quarter of the year.
Field Sales Channel Lead officer Needed at Renmoney – Apply Here
Service Advisor Needed at Renmoney – Apply Here
IT Manager Needed at Ren money – Apply Now
Receptionist / Front Desk Officer at C’ D-Demeris Pharmaceuticals Limited
Windows Server Professional (Cloud Engineers – Field and Office) at Hiqos Technologies Limited
UNIX/LINUX System Support (HPC Engineer – Office) at Hiqos Technologies Limited
How to Teach Your Child to Deal With Bullies at school and home from friends
Raising Children Who Are Financially Self-Reliant
Teaching Your Kids the Value of Charity
Daniel Szczepan Bio, Net Worth, Salary, Nationality, Age, Career
5 Reasons You Need to Stop Stressing About React Course
The 10 Best Laptops in 2022
7 Examples of Language Translators You Need to Know
How to Effectively Deal With Postpartum Depression
Why Smartphones Overheat and How to Prevent Your Phone From Overheating
Mercy Chinwo biography: songs, age, husband, net worth, wedding pictures, father, state of origin
She had 279 in JAMB: Corn seller stuns man with her fine English in viral video
VIDEO: Drama as Veteran actor Ogogo fights dirty with ‘greedy’ Area boys on the streets of Ogun State
“What Cream Did You Use?” Reactions As Young Lady Who Used To Look Black Shares Transformation Video
Kizz Daniel Finds Zambian Flower Lady He Shunned at Airport, Hugs Her and Collects New Bouquet in Video
Cute Lady With Long Braids Enters Market, Dances With Traders and Kids, Viral Video Attracts Attention
Tyga And Tiktok Star Bella Poarch tape L£aks Online
I Was In A Happy Relationship With Wizkid; He Was My Best Friend — Tania Omotayo Confesses (Video)
Video of Hairstyle Lady Wanted and What She Got Sparks Reactions: “Is This Playing?”
Dollar (USD) to Naira Black Market Rate today- 26th June 2022
Reactions as Wizkid’s Son Tife Exits Zoom Class Group Over ‘Bad Vibes’: “Like Father Like Son”
If Your Marriage Scatter Within 2yrs Don’t Blame Innocent Witches in Your Village – Uche Maduagwu Warns FunnyBone over What Pretty Mike Did
Veteran Actor, Pete Edochie Blesses Yul Edochie’s Son With Second Wife On His Birthday (Video)
Young Lady Dances in Front of Her Mum With Confidence, Woman Keeps Pressing Phone, Video Stirs Reactions
You No Fit Wreck Me As You Wreck Other People, Use Your Brain – Portable Warns Linda Ikeji (Video)
Entertainment3 weeks ago
Photo Of Fela Rocking Burna Boy’s Mother On Stage Surface
Headlines3 weeks ago
Watch Full Black Chully S3X Video
GOSSIP3 weeks ago
Oldest Woman Alive in the world today celebrates 399 years real
Headlines3 weeks ago
Black Chully Video: 10 New Blackchully S3x Tapes Leak [WATCH HERE]
Headlines3 weeks ago
#blackchully: Black Chully Video Breaks Internet [Watch Here]
GIST8 months ago
I Finally Got Him; Nigerian Lady Shares Chats as She Weds Man who Had Been Ignoring her Since 2017 on Facebook
Entertainment2 weeks ago
Na Full Option Daughter Like This I Want: Kizz Daniel Begs God As He Gushes Over Video of Girl Dancing to Buga
Entertainment3 days ago
Kelly Video: Kelly $3s video breaks internet [WATCH HERE]