The Sports Betting Boom in the USA
The Sports Betting Boom in the USA
Sports Betting in Vegas
Although many people think of the United States as the country where everything in the gambling field is invented and permitted, that is not quite right. Las Vegas has taken the casino experience as we knew it in Europe to a completely different level. The somewhat corny atmosphere that sometimes surrounded it in Europe, has been given a solid adrenaline boost in Vegas thanks to an intelligent cocktail of gambling and entertainment. Artists such as our own Hans Klok sometimes have contracts for years for performances in the big casinos. Sports betting is also allowed there. But apart from that, the US is quite restrained. There are online betting opportunities, but they are usually more limited. And sports betting in the US is hardly allowed outside Nevada.
A pity, of course, because the American sports experience is perfectly suited to sports betting. Americans are much more fanatical than Europeans about statistics in sports. You are familiar with the figures shown in baseball, such as the batting average of players. That statistic is oxygen to the real sports bettor. Because the beauty of sports betting is that you can actually do something with your current sports knowledge. By immersing yourself in the sport, you can better predict the results and the odds. The sports betting market as a whole would be worth between 50 and 400 billion dollars in the United States. That is, if it opens up.
For this reason, a political and legal battle has been going on for years in many states to legalise sports betting. New Jersey in particular (with Atlantic City within its borders) plays a prominent role in this. With success. Earlier this year, the Supreme Court ruled in a case brought by New Jersey to overturn the ban on sports betting. The highest court ultimately ruled in favour of New Jersey and so the road is open to legalisation of sports betting in the US for any US state that so desires. Meanwhile, sports betting is permitted in Nevada, Delaware, New Jersey and Mississippi. Sports broadcaster ESPN provides a nice overview of gambling legislation per state.
Everyone knows that the easiest to have fun with sports betting is via a trusted website like BetUS, DraftKings or even Betiton™. Here you can find the best tips and odds. A big plus is that new players can always enjoy a generous subscription bonus to start of the right foot and get the hand of it. Let’s also not forget they can do it from the comfort of their home using their laptop or smartphone.
Newly Found Success
Since the Supreme Court ruling, gamblers in the United States have wagered more than $17 billion in legal sports betting, generating $1.2 billion in revenue for bookmakers, according to the latest figures from the American Gambling Association. Online betting has proven to be the most profitable. In New Jersey, about 84 percent of the $4.58 billion wagered in sports betting last year was online, according to New Jersey figures. At a time when sports betting companies in the United States are focusing on the costly goal of acquiring and retaining a customer base,
“Barstool Sports brings its loyal audience to the deal,” says Nardini. “We sell advertising. We sell T-shirts and we have a vodka business,” she says. “We are able to convert people, go everywhere, do things, create a commitment with our customers, get them to buy and keep them.
During the March Madness Basketball Tournament, the first Barstool-stamped sports betting outlet will open in Detroit at the Greektown Casino, a facility owned by Penn National. A sports betting application under the Barstool brand will be launched in August
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I live in southern Nevada and sportsbet for a living. I bet Major League Baseball and the NBA. That’s all, but that spans the entire year. Sportsbetting is just like investing in the stock market but better. There are NO TAXES on your winnings whatsoever. You invest your money in a game and double your money. It’s the best job that I have ever had. If you have the right algorhythms, which I do, it’s like shooting fish in a barrel. And NO TAXES.
Good post. I think that sport betting via internet becomes very popular not only in USA. In almost all countries people follow sport games and place bets. This is really in demand! Even I can make bets on football, with Serie B football predictions I won good money recently! Very cool site!