MvVO Art Launches AD ART SHOW
News

Sportsbook Legalization is Good For a States Economy

Sportsbook Legalization is Good For a States Economy

Online sports betting is the bread and butter for most fans across the world. But in the US, it’s all a bit new.

Nevada, Delaware, West Virginia and New Jersey are only a handful of states which have legalized sports betting and they’re already reaping the rewards.

August saw sports betting hit $95million in New Jersey, which was twice the amount of July and that figure looks set to rise.

More and more betting sites are becoming legal in the US, making betting easier than ever before. The likes of Gambler Saloon are offering fans fantastic markets and offers, which will only entice more players to enjoy the market.

The industry is expected to explode over the next few years. Pennsylvania, New York and Rhode Island are not far off in legalizing betting, while Connecticut, Illinois and Kentucky are expected to follow.

What’s more, major sports leagues are making moves into the sports betting world. The NFL have already passed a bill to allow franchises to team up with betting firms, in what is expected to add $2.3billion to the value of the game.

The Dallas Cowboys have already taken advantage of this, teaming up with a betting firm in the world’s first NFL casino partnership.

A number of franchises will follow as the New York Jets  look to team up with a gambling partner.

The NBA has also got in on the action, becoming the first league to form a partnership with online gambling. They’ve signed a historic deal with MGM in a move which will likely normalize the idea of betting on sport in the USA even more.

The figures that the big four sports will make from sports betting is set to be astronomical. You only need to look to Europe to see the fruits it has brought.

In Italy, betting sponsorship has brought in $140million split between around 10 clubs in their soccer league, while 17 of the 24 teams in the second tier of English soccer now have betting companies on their shirts.

That’s all to come for the USA. Small steps are being made so far and already the results are growing every month. This time next year that’ll be even bigger and in just a few years time betting in-play while at the game and weekend accumulators will be second nature for almost every fan in the country.

More in News

My View: Jamie deRoy Has Another Opening With Her Friends

Stephen SorokoffOctober 16, 2018

My View: A New York City Night

Stephen SorokoffOctober 15, 2018

My View: A Theme Park Of Music On 44th Street

Stephen SorokoffOctober 14, 2018

Peta Makes A Stand In Times Square With Joanna Krupa

Suzanna BowlingOctober 13, 2018
Carol Hall

Composer-Lyricist of The Best Little Whorehouse in Texas, Carol Hall Dies at 82

Suzanna BowlingOctober 12, 2018

Ira Gasman The Book and Lyric Writer For The Broadway Musical The Life Passes Away

Suzanna BowlingOctober 11, 2018

Your Complete Guide to Solar Energy in the UK: Its Benefits and How it Works

WriterOctober 3, 2018

My View: Jill & Rich Switzer Spin In Person

Stephen SorokoffOctober 3, 2018

My View: The Palm Beach Cabaret Season Has Started

Stephen SorokoffOctober 2, 2018