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The Growth of Sports Betting in America
The Emergence of Sports Betting in the US
Online sports betting in America, has become more popular over the last few years. Online gambling has steadily become legalised in more states on a case-by-case basis. US gambling laws stemmed from the Supreme Court action that allows each state to create its state law regarding sports betting.
American Betting Explained
History of Gambling in America
Gambling in America has existed for centuries. In the mid-20th century, the US government taxed online sports betting. Thus, gambling in America became no longer popular.
Further to the law changes in the mid-20th century. In 2018 the Supreme Court passed a verdict allowing individual states to determine if sports betting can be allowed in their state. To this day, there is no US gambling federal law. Whether the public bet in America will depend on each state’s law.
Consequently, with the introduction of state laws that permit betting in America, there has been a growth in gambling online.
Revenue from US sports betting has been increasing since 2018, as shown below. While in 2019, there was a rise in gambling, in 2020, the growth was significantly more incremental. Whilst betting in America becomes more popular, the speed it grows will also increase. Profit margins will increase alongside the US gambling popularity in years to come.
Is Betting in America Legal?
Each state has its laws that dictate if, how, and where you can gamble on sports.
Online Betting is currently only allowed in
- New Jersey
- West Virginia
The first state to permit sports betting was New Jersey. FanDuel launched its platform in New Jersey which has become one of the most popular ways people gamble in America.
The Most Popular Sport Betting Sites
DraftKings was one of the very first online sport betting websites to launch. The success DraftKings has seen has been partially down to their live betting feature. In-play and Live bets, increase the risk but add to the entertainment value and experience. Anticipating an imminent profit or a loss requires a platform that can give live updates. DraftKings has proven to be one of the best at providing easy and instant opportunities to win money.
FanDuel was one of the first online sports betting sites to go live. 10 states, such as Michigan and Colorado, now have access to bet on FanDuel. By having a reputation for being user-friendly FanDuel has remained as one of the most popular American gambling sites.
Australian sports betting website that is is live in 7 states
PointBet is live in 7 states and has grown due to its unique offers and marketing positions. With the help of sportsmen as brand ambassadors and welcome bonuses, PointBet has become well known.
Betting in America comes in many different formats. Las Atlantis allows people to make online bets within unique games. With an underwater theme and high-tech features Las Atlantis entice their users by showing what the future can look like. The condition is that they need to keep placing bets.
Mental Health in Gambling
Problem gambling is active in America. US Gambling can cause participants to experience mental health disorders.
What is problem gambling?
Problem gambling is when participants become addicted to betting. Here are a few key signals for gambling out of control:
- Not knowing when to stop gambling. This is one of the most common and recognisable signs of addiction. Borrowing money shows the symptom of not knowing when to stop.
- Stress is a key factor in problem gambling. Symptoms include, excessive sweating, smoking, or drinking more than the average. As well as a change in appetite occurs.
- Lying about gambling habits has a detrimental effect on relationships. Lying about the condition has a tremendous effect on friends and family.
- Peer Pressure. Betting in America is increasingly more popular and discussed amongst friendship groups.
Gambling Addiction Treatment
Treating a gambling addiction is hard and takes time. Therefore, various help from professionals, friends, or family assists the recovery from a gambling addiction.
- Blocking software is essential to prevent access to US gambling sites.
- Talking to friends and family.
If you are looking for help with a gambling problem, there are National agencies and charities that can assist. In the UK there is Begambleaware.org, GamCare, and Gamstop. For more information and contact details see more
US citizens can find organisations HERE that can help with any questions you may need answering.
Frequently Asked Questions
Betting in America is legal in some states. Gambling in America is allowed in some states because of different state laws. In some states, such as Mississippi, retail gambling is permitted but online betting is not. Checking the laws of each state is vital to follow laws and regulations.
Betting in America can take place in retail locations such as casinos and racetracks. Betting shops are more common in the United Kingdom. The gambling industry is still growing in America meaning betting shops will become more present in the future.
Sports betting in America has taken place for centuries. In the 15th century, the lottery took place to fund community projects. US Gambling took place for years until 1949 when sports betting was legalised. This was to increase tourism across the country.
Yes. Gambling in America has shown that sports betting can negatively affect stress, anxiety, and relationships with others.
Gambling can produce hormones that send messages of feeling happiness. This causes compulsive behaviour from a belief that happiness can only come from gambling. Compulsive gambling is vastly understood and can be treated.
The legal age a person can gamble will change depending on state laws. Whether gambling includes bingo, lottery, casinos, or other activities will influence the age required.
Commonly, American legal gambling ages are 18 or 21. In some cases, however, the required age is 16. Each state has its age requirement for different types of gambling.
To play bingo in Ohio, Oklahoma, or Maine you must be 16. However, in North Carolina, you must be 28 to play bingo. Source: https://www.casino.org/local/guide/
Author: Lydia Thorne