U.S. Supreme Court May Legalize Sports Betting In 32 States
By Space Coast Daily // October 10, 2017
creating more job opportunities
The U.S. Supreme Court may legalize sports betting in 32 states if it rules in the favor of New Jersey’s quest to provide various gambling options. It is estimated that a well-regulated sports betting market in the U.S. may be worth five times its current value, thereby creating more job opportunities along with financial windfall for all the people associated with it.
Further, these estimates do not include office pools and “casual” bets amongst friends which accounts for a large chunk of unaccounted betting. However, it must be noted that the size of the market may totally depend on how willing most states would be in offering state-of-art products, which can compete against well-established sports betting sites.
Americans are already betting at such offshore betting sites like Betfred considered to be one of the best UK betting sites apart from 888sport, Ladbrokes and many others.
Who made it in the end
At a point in time in the year 1992, the law made sports betting illegal in the states that didn’t already offer it. Therefore, Delaware, Oregon, Montana and Nevada continued to offer sports betting even after the law had been passed.
While Nevada continued to offer single game sports betting, all the others could only offer sports lottery. New Jersey was also offered an exemption as it was the only state that offered legalized casino gambling, but it chose to opt out.
States likely to pioneer sports betting
It is noted that if the high court rules in favour of New Jersey as many as 14 states may provide sports betting in less than two years. These states may include New Jersey, Ohio, Colorado, Connecticut, Nevada, Pennsylvania, Delaware, Indiana, Virginia, West Virginia, Massachusetts, Mississippi, Montana and Michigan.
Revenue gains for the Government
It is known that millions of people who bet outside the legal settings and without government protection are vulnerable to being cheated by unscrupulous characters. At the same time, they deprive the government of billions in lost revenue that could be made use to support the country in its larger endeavors.
Access to legal recourse
Various sports organizations have been opposing sports betting with the argument that it can potentially compromise the integrity of sports. However, Americans fancy sports and it is unlikely that there are no bets placed on the field.
With the process of legalization, bettors will have access to proper legal recourse in case they are caught in a tight situation. They will knock the doors of the judiciary guilt-free and will have justice served to them.
On a parallel note, David Schwartz, Director of the Center for Gaming Research at the University of Nevada Las Vegas, has pegged sports betting to have a smaller market. He believes that not all 50 states may offer sports betting in the near future because of the opposition to gambling in a few states.
America is the land of marketplace. It must make way to regulate sports betting, and allow it within its borders.
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