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Legal sports betting in the U.S. — once confined to Nevada — has gone mainstream. Since the Supreme Court in 2018 ended federal bans on the industry’s expansion, dozens of states have legalized it, and a multibillion-dollar betting boom is afoot. More money is now wagered on sports in New Jersey than in Nevada. California, which may become the biggest market of all, will vote on legalization next year.
As betting expands, the boundaries that once separated gambling from sports media and professional sports leagues are disappearing. Digital apps make sports betting possible on mobile devices, which gives it a foothold across America and threatens the business of brick-and-mortar casinos. And this is only the beginning; the industry is poised for explosive growth.
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The only thing i see threatening this would be attempts to over regulate the market. We are already seeing states charging extremely high taxes.
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This also probably blew up faster than normal because of covid. Let's face it, the pandemic made everyone realize how important online platforms are, and sportsbooks are not exempt from that.
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States are trying to legalize their online sports betting market as more people prefer to bet on sports using their smartphones.
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