Online Sports Betting to be Made Legal in the USA - Expect sites in 2018

Online Sports Betting to be Made Legal in the USA - Expect sites in 2018

The day millions of Americans have been waiting for is finally upon us. The next booming American industry will officially be legal sports betting as of May 14th, 2018.

The Supreme Court of the United States of America has ruled (6-3) that Professional and Amateur Sports Protection Act (PASPA), the nationwide ban on sports betting is unconstitutional therefore delegating responsibility for legalizing and regulating sports betting (land based and online sports betting sites) will fall to the State Governments.

New Jersey Betting Sites Will Be First to Market

New Jersey's DGE has already made plans to regulate and legalize sports betting, which will be feasible for anyone physically inside of New Jersey at a land-based casino, racing track, or at an online betting site licensed through one of the former. Expect to see NJ betting sites launching in 2018 under the current brands like Resorts Casino, Betfair, Caesars online, Borgata online, and Golden Nugget online.

The Pennsylvania government has also already included plans for the regulation and legalization of sports betting in their state with the passing of an overarching online gambling bill on October 30th, 2017.

States Where Sports Betting Could be Made Legal In 2018 or 2019

Other states we expect to move quickly, enabling operators to offering land based and online sports betting, are New York, Connecticut, West Virginia, and Michigan.

As of today, Nevada is the only state in the US that offers legal sports betting and online sports betting through a sole exception to the PASPA ruling. Other states looking to generate tax revenues from online gaming took major issue with this exception for Nevada, and with New Jersey's Governor leading the pack, took a court case all the way up to the Supreme Court. 

MURPHY, GOVERNOR OF NEW JERSEY, ET AL. v. NATIONAL COLLEGIATE ATHLETIC ASSN. ET AL. 

For the last three years, BonusSeeker has been closely covering the Murphy vs NCAA case because our players have been itching to ditch their bookies and move to a safe, secure, online sports betting platform where they can not only take outside win and spread bets, but place advance in-game bets the way that people all across Europe and the rest of the world do.

The illegal sports betting industry has been rumored to run $92 billion in wagers per year. If State governments are allowed to tax this activity, likely at 15%, that’s $13.8 billion dollars per year in tax revenues nationwide, which is enough to cover an overwhelming number of social programs to stimulate the economies in a variety of ways.

New Jersey Online Casino – The Opportunity for Other States

NJ, the only state with fully legal online casinos is a perfect testing ground to understand the impact as they currently take in over $30 million per year in revenues from online gambling activity. Add sports betting in, and they could see this double in the first year.

 

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About Rich Migliorisi

Long before taking on the role of Managing Editor for BonusSeeker.com in 2018, Rich Migliorisi began his journey with a degree in Film & Broadcasting. Rich began his career as a film editor, but as a lifelong sports fan and an enthusiastic writer, he decided to also pursue a sports writing career in 2013. Rich was nominated by the Fantasy Sports Writers Association (FSWA) for Fantasy Baseball Writer of the Year in 2013 for his editorial work. During this time, Rich simultaneously contributed to various sports publications and video editing projects, while also grinding poker for a living. In 2015, he was hired at MLB Advanced Media as a Senior Site Manager on MLB.com. Rich later joined NHL.com in the same capacity, lending his talent to both operations until joining the team at BonusSeeker. His experience in sports and poker makes for a unique blend of expertise in the world of online casinos and sports betting.

MLB, NHL, The Fantasy Fix, Video Editor, Poker Player

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