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

The renowned e-wallet Skrill has a new brand ambassador, Paulo Dybala. The Juventus player signed a two-year partnership with Skrill as a representati...

Read more »

Swedish online gambling operator Betsson initiates an expansion in Mexico which will be facilitated in partnership with Big Bola casinos. This will la...

Read more »

The renowned bookmaker Parimatch, has announced the creation of a new supervisory board with CEO Sergey Portnov leaving his post and becoming chairman...

Read more »

The United Kingdom Gambling Commission expects that a new inserted three-year programme will be the beginning of a better and more regulated market, w...

Read more »

The leading sports betting company Entain, extends the amount of international regulated markets in which it operates by 30% during the past year, by ...

Read more »

Online betting operator 888sport, has come to terms with League of Ireland Premier Division football club Shamrock Rovers regarding a new sponsorship ...

Read more »

Premier League team owners arranged a meeting on March 25 to discuss potential partnerships between their clubs and bookmakers. The main goal of the m...

Read more »

The Danish gambling regulator, Spillemyndigheden, has gotten approval from the City Court to block an extensive list of betting sites. Specifically, i...

Read more »

The official sponsor of Juventus, Parimatch, has launched a new video as part of its cross-marketing campaign. The video will feature Juventus famous ...

Read more »

The chief executive of the UKGC, Neil McArthur, announced that he has resigned from his position. His 15 year tenure came to an end with immediate eff...

Read more »

LIST OF TOP BOOKMAKERS
22bet
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
100% up to €122
888sport
  • 10.000 live events per month
  • 40+ sports
  • Bet Builder
  • Code:30FB
€30 Free Bets
1xBet
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • Code:BOOKSPY
100% up to €130
Bwin
  • 50+ sports
  • Cards & Corners
  • Edit my bet
High Odds
Mr Play Sports
  • 10.000 pre-match events per month
  • 35+ sports
  • 140+ extra bets
High Odds
20Bet
  • More than 1,000 live events/day
  • 150+ markets in football
  • 40,000+ events/month
100% up to €100
Rabona
  • 20.000+ live events per month
  • 95%+ on Top 5 leagues and NBA
  • Alternative handicaps on basketball
100% up to €100
SlotsNBets
  • 94% payout in top football leagues
  • Competitive in-play odds
  • Multiple tennis events
  • Code:bookmakers
120% up to €100
CyberBet
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
  • Code:BOOKMAKERSBET
100% up to $250
Bet365
  • Ideal for football lovers
  • 150+ extra bets on top leagues
  • Multiple Asian handicap markets
€25 Bet Credits
Rolletto
  • 95%+ on tennis
  • Alternative spreads on basketball
  • Asian View
120% up to €240
Unibet
  • 250.000+ pre-match events/year
  • 10.000+ live events monthly
  • 96%+ on Asian Handicaps
€25 Welcome Bonus
Zodiacbet
  • 30+ sports
  • Asian Handicaps
  • Card and Corner bets
  • Code:ZB100S
100% up to €100
Betfair
  • The largest and the most reliable betting exchange in the world
  • You can trade your bets
  • Wide range of markets
  • Code:ZSKABS
100% up to €20
Betinia
  • MGA license
  • 10,000+ events monthly
  • Asian Handicaps
100% up to €100
LATEST BOOKMAKER PROMOTIONS