Hot Issue: Sports Betting
Now that the failed federal ban has been lifted, states and sovereign tribal nations can legalize sports betting to establish a safe and effective framework that protects consumers and creates tax benefits for local communities.
Embracing America’s Passion Through Effective Regulation
Read MoreUntil May of 2018 when the U.S. Supreme Court overturned the federal sports betting ban, Nevada was the only state that offered legal, regulated, single-game betting on both college and professional sports. Now, each state and sovereign tribal nation has the opportunity to set their own policy and legalize and regulate sports betting.
Americans have embraced sports betting and regularly bet on their favorite sports and teams. But instead of wagering taking place in a regulated environment backed by consumer protections, the vast majority of sports betting today takes place underground. $58 billion is wagered each year on NFL and college football games – most of it through illegal channels.
Today, nearly six in ten Americans agree legal, regulated sports betting would protect consumers and two in three believe it would deliver new tax revenues and create new jobs. It’s time for states and sovereign tribal nations to align with American attitudes, create a legal sports betting framework, and put an end to the massive illegal gambling market.
The Economic Impact of Legalized Sports Betting
Read MoreThe American Gaming Association commissioned Oxford Economics to analyze the potential economic impacts of legalized sports betting in the U.S. The analysis is based on available data, interviews with industry participants, customized economic impact models, and our professional judgment.
Advertising and Sponsorship Potential for Sports Betting in the U.S.
Read MoreThe American Gaming Association commissioned Nielsen Sports to analyze the potential of the advertising and sponsorship market of legalized sports betting in the U.S. Drawing upon sports betting advertising data in the United Kingdom and Australian markets, Nielsen estimates over $3 billion in advertising, sponsorship and product fees could be generated by legal sports wagering in the U.S.