The answer to how many states have sports gambling may surprise you. While many people think that only a handful of states offer legal sports betting, the reality is that there are quite a few. In fact, as of 2019, there are 14 states that have legalized sports gambling.
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How Many States Have Sports Gambling?
As of 2019, eight states have legalized sports gambling and more are expected to follow suit in the coming years. Nevada was the first state to legalize sports gambling in 1949, and it remained the only state with legal sports gambling for nearly 40 years. In 2018, the U.S. Supreme Court struck down a federal law that had prohibited sports gambling in all but a handful of states, clearing the way for other states to legalize it.
The eight states that have legalized sports gambling are Nevada, Delaware, New Jersey, Mississippi, West Virginia, Pennsylvania, Rhode Island and New Mexico. Sports betting is also legal in Washington D.C., but it is not yet operational. Several other states are considering legalizing sports gambling in 2019, including Arkansas, Illinois, Indiana and Iowa.
The Different Types of Sports Gambling
Sports gambling is the act of wagering on the outcome of a sporting event. Sports betting is the most common form of gambling in the United States, with an estimated $250 billion wagered on sports each year. There are many different types of sports gambling, each with its own unique set of rules and regulations.
The most common type of sports gambling is betting on the point spread. The point spread is the number of points by which a team is expected to win or lose a game. For example, if the New England Patriots are playing the Denver Broncos, and the point spread is seven points, that means that the Patriots are expected to win by seven points. If you bet on the Patriots, you will win your bet if they win the game by more than seven points. If they lose the game or if they win by less than seven points, you will lose your bet.
Another common type of sports gambling is betting on the money line. The money line is simply a bet on which team will win a game outright, without any consideration for the point spread. Money line bets usually carry higher odds than point spread bets, because there is no “spread” to overcome in order to win your bet.
Sports gambling also includes betting on propositions, or “prop” bets. Prop bets are wagers on specific events that may or may not happen during a game. For example, you might bet on whether a specific player will score a touchdown in a football game, or whether a specific pitcher will throw a no-hitter in a baseball game. Prop bets can be found on just about any sporting event, and they can be as simple or as complex as you like.
Finally, sports gambling also includes betting on futures. Futures bets are wagers on events that will take place at some point in the future. For example, you might bet on which team will win next year’s Super Bowl before the current season even starts. Futures bets can be found on just about any sport, but they are most commonly made on events like major championships and Versus
The Pros and Cons of Sports Gambling
The legalization of sports gambling has been a hot topic of debate in the United States for many years. Some people believe that it should be regulated and taxed in the same way as other forms of gambling, while others believe that it should be banned outright. There are pros and cons to both sides of the argument, and the ultimate decision will likely come down to a matter of personal opinion.
Those who are in favor of sports gambling argue that it can be a source of revenue for cash-strapped state governments. They also point out that many people already gamble on sports illegally, so legalizing and regulating it would simply bring these activities out into the open. Opponents of sports gambling argue that it can lead to increased crime and corruption, as well as addiction and financial ruin for those who engage in it. They also believe that legalization would send the message that gambling is a acceptable activity, which could encourage more people to take up the habit.
The Economic Impact of Sports Gambling
A 2017 report by the American Gaming Association found that, if sports betting were legalized and regulated in all 50 states, it would generate $26.6 billion in economic activity and create more than 174,000 jobs nationwide.
The gaming industry is expecting a huge boost from the legalization of sports gambling. The American Gaming Association estimates that $150 billion is bet on sports each year, but only $4 billion of that is bet legally. Most of the money being wagered is done through illegal bookies or offshore sportsbooks.
The AGA estimates that if all 50 states legalize and regulate sports betting, it would generate $26.6 billion in economic activity and create more than 174,000 jobs nationwide. That includes everything from construction workers building new casinos to accountants auditing their books.
The Future of Sports Gambling
The majority of Americans favor legalizing sports betting, according to a new poll.
TheSeton Hall Sports Poll released Wednesday found that 55 percent of American adults believe sports gambling should be legal, while 33 percent are opposed. Twelve percent said they don’t know or refused to answer.
What’s more, nearly 7-in-10 Americans (69 percent) say they would bet on sports if it were legal in their state.
The poll comes as the U.S. Supreme Court is set to hear arguments next week in a case that could open the door for states to legalize sports gambling. The case, known as Christie v. NCAA, centers on whether a federal law that effectively bans sports gambling outside of Nevada is unconstitutional.
If the court strikes down the law, it would clear the way for states to legalize and regulate sports betting. Currently, only Nevada allows full-scale sports gambling.
“The people have spoken loud and clear,” said Rick Gentile, director of the Seton Hall Sports Poll, which is sponsored by the Sharkey Institute within the university’s Stillman School of Business. “They want legalized sports betting.”