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

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS