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As of September 2023, sportsbooks are legal in 38 states, the District of Columbia, and the territory of Puerto Rico, Online sports betting also legal in 30 states, Washington D.C. and Puerto Rico. The American Gaming Association reported a 2022 handle of $93.2 billion and a revenue of $7.5 billion in commercial sportsbooks. [26]
As of January 2024, 37 states, Washington, D.C., and the territory of Puerto Rico have operational legalized sports betting, while North Carolina has legalized it though it sports betting operations will begin later in 2024. 30 states, Washington D.C. and Puerto Rico have also legalized online sports betting, though in 8 states that have ...
The Professional and Amateur Sports Protection Act of 1992 (Pub. L. 102–559), also known as PASPA or the Bradley Act, was a law, judicially-overturned in 2018, that was meant to define the legal status of sports betting throughout the United States. This act effectively outlawed sports betting nationwide, excluding a few states. The sports ...
The end of a near-total national ban on sports betting has brought a massive windfall to sports books and state budgets, but some experts fear it will also lead to a major increase in gambling ...
Six states either passed legislation to legalize sports wagering or allowed sportsbooks to begin accepting bets. Another state, Florida, relaunched sports betting after a two-year legal battle ...
March Madness -- the annual NCAA basketball tournament -- has arrived, and betting on the event has exploded with legalized sports betting. Tax Cuts: 50% of States Are Pushing For Reductions or...
National Collegiate Athletic Ass'n, States like Illinois looked to capitalize on a lucrative industry. [10] In 2019, Illegal sports gambling industry was valued at $150 billion. [11] Although the Supreme Court held federal law limiting sports gambling to be unconstitutional, it did not apply to state law that marked sports gambling as criminal ...
Sep. 28—TRI-COUNTY — Today marks the start of online sports betting in the state of Kentucky, the 37th state to legalize sports betting. Retail sports wagering has been active for a couple of ...