The New World of Sports Betting in the United States

The New World of Sports Betting in the United States

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Earlier this year a monumental breakthrough was achieved when the United States Supreme Court ruled against the Professional and Amateur Sports Protection Act, known as PASPA, allowing each state in the nation to decide if it wants to allows legal sports betting or not.

That led the nation, and all of the states, on a new path, with a lot of lucrative opportunities in an industry that has operated underground for decades.

With casinos and eSports thriving, sports betting adds a brand new element to the gambling industry and presents one of the richest outlets for businesses, the government, and the nation.

There will likely be a boost in employment rates, a growth spike in business, and an influx of money that no longer has to be hidden from the eyes of the government.

As of now, a number of states have already started their journey, and another, Utah, has decided not to act on the United States Supreme Court’s ruling in favor of sports betting, opting to maintain their stance on forbidding sports betting, at least for the time being.

As the world of sports, eSports, and gambling embark on this industry shifting journey, let’s take a deeper look at what has been going down so far, and what is in store for the sports betting industry, thanks to an info graphic from NJGames.org.

The info graphic will take a look into the impact that sports betting legalization is expected to make on the nation’s economy.

The info graphic takes into account that the United States’ gambling industry already generates around $28 billion. The legalization of ports betting legalization is expected to increase tat number dramatically.

Additionally, sports betting operations will also result in a higher number of jobs, and the info graphic will provide you with an estimated number of both direct and indirect jobs that will open with the introduction of sports betting.

As the fantasy football season is ready to kick off for many of you, we should start seeing a lot of changes to the sports betting landscape and it will be interesting to see just how companies in fantasy sports navigate through the implementation of these changes.

The future of the sports betting industry seems bright, and there seems to be quite the trickle down effect that will have an immediate benefit to numerous industries.

Whether you’re ready or not, legalized sports betting is on the way, if it hasn’t arrived in your state already, and big things are on the horizon.

 

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Anthony DiMoro
Anthony DiMoro is the creator of Sports Rants and the CEO of Elite Rank Media. Anthony DiMoro is a Contributor for 'Forbes' where he talks Sports, SEO, Social Media and Internet Marketing. Anthony also hosts the 'Forbes SportsMoney Podcast' and is a Contributor to the Huffington Post where he covers sports