Sports betting to become legal in the USA

16 May 2018

PASPAThe recent repeal of the PASPA framework, has already caused substantial increase in the share values of many well-known companies in the industry. The Professional and Amateur Sports Protection Act of 1992 was defining the legal (or not) status of sports betting and gambling in the United States, with most States being considered illegal to bet in. Brands such as  Scientific Games, MGM, Caesars Entertainment, and Unikrn have already put out press releases describing their excitement about this positive regulation change in the betting sector. A very representative example of the financial boost the new legislation change has impacted is Scientific Games. The popular operator saw their shares go up 15% just 1 day after PASPA was called off.

CEO of Scientific Games Matt Davey did not neglect to emphasize the tremendously positive impact the new legislation is going to bring to the US betting industry in terms of both company revenue as well as player freedom. Mr Davey recognized that the restriction and limitations of the USA betting market up until now forced players to resort to often non-secure and unregulated ways to keep themselves entertained through betting and gambling. The new ruling will present bettors with a much larger variety in legal sportsbook operators to choose from.

MGM Resorts International quickly notified their investors of their intention to collaborate with regulatory boards and open up the market fast. They also mentioned their long preparations for this change in order to better position themselves in the new market conditions. Mark Frissora, Caesars Entertainment President and CEO highlighted what a radical improvement the new ruling is going to bring to a market that was tormented by illegal betting at large.

While big operators are going to benefit a lot from the PASPA recall, smaller brands such as Unikrn are bound to see great profits as well. The eSports wagering company has been very active and successful in a plethora of regulated international markets, and has been preparing for this change for quite some time.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

BetConstruct opened its platform to third-party bookmakers after agreeing to integrate the iFrame solution from Pinnacle. BetConstruct will supply the...

Read more »

UK online gambling operators’ claims of a growing black market are being denied by the UKGC ahead of the government’s review of the country’s ga...

Read more »

Kaizen Gaming has signed a deal with the website optimisation company LeanConvert to enhance its on-site player conversion and UX disciplines across i...

Read more »

Betfair introduced its sports betting exchange to the Italian market aiming at expanding its betting offering in the country. However, the Italian gov...

Read more »

Entain has made an offer to acquire the Baltic operator Enlabs putting on the table $341.6m. This offer means that Εntain (formerly known as GVC Holdi...

Read more »

The Malta Gaming Authority (MGA) is willing to appoint a new chief executive. In its job post, MGA stated that it’s looking for a “dynamic, passionate...

Read more »

William Hill has announced the acquisition of Alfabet S.A.S., a Colombian gambling operator. The globally known betting company William Hill stated th...

Read more »

Russia’s online bookies have received a postponement from the proposed regulatory changes; hoping that the government will change its mind regarding t...

Read more »

The ATP Tour has lifted the two-year ban on men’s tennis tournaments signing deals with sports betting operators. The ATP Tour reached the decision to...

Read more »

The Spanish minister of Consumer Affairs, Alberto Garzón, is about to start a public consultation on a new draft Royal Decree designed to make the cou...

Read more »

Latest Betting Offers