US Sports Betting Growth's Possible Link to Recent NFL Players Bans
LISTEN TO THIS ARTICLE:Some experts in the iGaming industry believe that the high number of US states accepting sports betting is at fault for the increased player breaches of the betting rules in the NFL and consequent bans.
Peter A. Carfanga of the University of Miami believes that the new gambling regulation has led to a big change in the landscape of the sports betting industry in the region. It also directly corresponds to the number of players banned in the last four years.
It’s almost like a pandemic of gambling, State after state after state started legalizing sports gambling. It’s omnipresent, and 56 percent, I think, of the U.S. population resides in a jurisdiction that would have a regulated sportsbook. It’s more prevalent than it’s ever been before in American history.
Increase in NFL Players Banned for Betting
Before 2019 the last player to be banned for breaking NFL betting was 36 years ago. The NFL states there have been nine players so far this year who have been found to have breached the organization’s betting rules.
A spokesman for the NFL acknowledged that the world is now vastly different from four decades ago and said the sports betting landscape in the US had changed dramatically.
Rise of Regulated Sports Betting in North America
In 2018 the Supreme Court of the USA overturned a ruling that the Professional and Amateur Sports Protection Act (PASPA) of 1992 had stated that gambling on sports was prohibited outside of the state of Nevada.
Since this change in the law, 37 states have now introduced regulated sports betting, and the growth in the sports betting economy has enjoyed rapid growth. The American Gaming Association estimates the revenues of the sports betting industry in the US are now over $3.5 billion, up by 69% this year alone.
The NFL now embraces the sports betting industry and the league has strong partnerships with the major sports betting companies, including FanDuel, DraftKings, and BetMGM.
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