I think we have everything coming together to support a regulated environment. New York passed a bill in 2013 that made sports gambling legal at the state level, but. “And now we have a president who is quoted as recently as a about year ago on Colin Cowherd’s show talking about the failed law that we have today and the benefits of regulation. Legislation to legalize online sports betting passed in May 2022, but a launch date has not been set yet. “We are entering a perfect storm of interests among broadcasters, among owners of individual sports teams, we have what’s clearly been 25 years of a failed law,” Geoff Freeman, president and CEO of the American Gaming Association, told. Advocates are calling for Trump, with his background as a casino owner in Las Vegas and Atlantic City, to add his voice to the debate. The case for a legalized sports betting industry subject to taxation and federal or state regulation has strengthened in recent years, due in large part to public support from prominent figures like NBA Commissioner Adam Silver. At present, only four states – Nevada, Delaware, Oregon and Montana – are allowed to offer sports betting. Wagering on sports has effectively been illegal since 1992, when the federal government passed the Professional and Amateur Sports Protection Act, or PAPSA.
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