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HomeColumnsFeatured ArticlesHow the US gambling states have adapted to the 21st century

How the US gambling states have adapted to the 21st century

This year, there are more than 20 online sports betting and online casinos that are legally operating in the United States.

Americans have a long history of betting in sports, which all began in the 19th century. During that time, gamblers used to bet on horse games or competitions on platforms like Horsebetting.com USA.

In the past, gamblers would place their bets on their favorite sports team but during that time, the sports betting industry in the United States was under a lot of speculation that the teams were throwing their games.

Luckily, sports betting was successfully legalized in 1931. Las Vegas and Atlantic City were the first destinations to legally accept sports betting. Over time, the former became known as the only state with legitimate sports betting establishments in the United States.

During the 1970s, sports betting became one of the largest-scale industries in the USA. This happened when the parliament cut down the tax to 10 percent, which bookmakers had to comply with. After recognizing the potential revenue that gambling activities could produce, the number of states that approved legal sports betting establishments started to rise.

In line with this, the government created the right strategy to restrict the immediate expansion of sports gaming around the country. This led to the existence of PASPA, which stands for the Professional and Amateur Sports Protection Act of 1992.

This law forbids any establishment of sports betting companies in any state in the US, excluding countries that are allowed to operate any form of sports gambling legally. This has led to the provisional shutdown of sports gambling.

The Upsurge of Online Gambling and Sports Betting in the 21st Century
The 21st era opened the door for new technologies. After several decades, sports betting and gambling can now be done through the internet. With the evolution of technology, there has been a massive increase in the popularity of sports betting and online gambling in the United
States.

But there was a problem. Just like what happened in 2006, the legislature was forced to stop the operation of sports betting by cutting down the flow of money. This resulted in the sports betting businesses and gamblers placing and accepting funds through different methods, such as EFT transfer.

Several sports betting offices were demanded to cast aside their customers in the US. They were also forced to use other options to process the payments.

The States started to file a case to eliminate the law restricting the legal operation of sports betting companies. Unfortunately, it was unsuccessful with its first attempt. But after its tiring and time-consuming battle, its request to legalize sports betting and gambling in the country has been approved in 2018.

Due to that incident, other states in the US have been allowed to establish the sports betting industry and legally offer various gambling games.

This year, there are more than 20 online sports betting and online casinos that are legally operating in the United States. Online gambling and sports betting was legitimized as a result of the appeal of some states across the country.

With the rise of technology, there is no denying that sports gambling is the most favorite pastime of people in the United States. As reported on gamble usa, approximately 50 percent of all adults in the country have experienced placing a bet at least once. It is also forecasted that the sports betting industry will generate more than 2.5 billion USD in revenue.

Conclusion
Sports betting across many states in the US has gone through a massive evolution. During the past few decades, only a few states were allowed to operate sports betting legally. But with the development of technology, the number of legal sports betting offices in the US has been
significantly increased.

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News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

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