The right bet on sports gambling: National regulation makes sense

Dec 22, 2024 · Sports betting, which has exploded in America in recent years — especially right here in New York — is finally getting the thorough inspection it deserves from Congress. May the heightened ...

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With Sports Gambling Surging, Federal Regulation Is Discussed

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Dec 17, 2024 · This was the first Senate hearing focused on the possibility of national regulations for the $10 billion sports betting industry. “I think there is a feeling on both sides of the table …

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Opinion | Legal Sports Gambling Was A Bad Bet. Congress Needs To ...

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2 days ago · The U.S. sports betting market is expected to grow from $119 billion in 2023 to more than $150 billion this year. Sports gambling ads, which had been explicitly prohibited by the …

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Legalizing Sports Gambling Was A Terrible Bet - PressReader

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1 day ago · Legalizing sports gambling was a terrible bet 2024-12-31 - ... The U.S. sports betting market is expected to grow from $119 billion in 2023 to more than $150 billion this year. Sports …

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FAQs about The right bet on sports gambling: National regulation makes sense Coupon?

Should sports betting be regulated?

The AGA firmly believes additional federal regulatory oversight of legal sports betting is unwarranted. States and tribal nations have proven to be effective regulators of gaming––including sports betting––and the more than 4,000 regulators nationwide have decades of experience overseeing gaming operations within their jurisdictions. ...

Is legal sports betting a good idea?

The proliferation of legal sports betting across the United States makes a compelling case for how its legalization contributes positively to the well-being of both bettors and society. The rise in legal sports betting is an essential check to the longstanding alternative to consumers: the illegal betting market. ...

Is the legalized sports betting industry slowing down?

The legalized sports betting industry is proliferating in the U.S. – and shows no signs of slowing down. Thirty-five states and Washington D.C. have launched legal, regulated sports betting markets, and an additional three states have passed legislation to legalize and regulate sports betting, although these markets are not yet operational. ...

What happens if two lawmakers get their way on sports betting?

If two lawmakers get their way, there will be drastic new regulations on the sports betting industry that will give far more power to federal regulators than the state ones already in place. ...

How much money does legal sports betting generate?

Since the Supreme Court's decision in 2018, legal sports betting has generated more than $2.45 billion in federal, state and local taxes.* This is critical tax revenue that funds infrastructure, education, responsible gaming education and problem gambling services and other core priorities. ...

Can a state regulate sports gambling?

(There were exceptions for Nevada and three states with sports lotteries.) In 2018, however, the Supreme Court overturned the Bradley Act in the name of states’ rights. “Congress can regulate sports gambling directly,” Justice Samuel A. Alito Jr. wrote for the majority, “but if it elects not to do so, each State is free to act on its own.” ...