No longer conducted in smoky backrooms by colorful and shady characters straight from a Damon Runyon novel, sports betting is a multi-billion-dollar global gaming enterprise legitimately conducted by some of the world’s most respected sports wagering and gaming companies.
While most of the world has enjoyed a multitude of sports and event-wagering options for decades, such was not the case in the U.S., where betting on professional sports was limited to just a handful of jurisdictions, such as Nevada. This was because of the highly restrictive Professional and Amateur Sports Protection Act (PASPA). However, in May 2018, the U.S. Supreme Court ruled that PASPA was unconstitutional. This opened the sports-wagering floodgates across the country, with many states throwing their hats in the ring eager to cash in on the unbridled expansion of U.S.-based sports wagering opportunities.