Who benefits from sports betting?
Last Updated: May 12, 2020
Fact Checked By: Adam Zdroik
Sports betting not only benefits each state, but it also gives fans another way to enjoy games.
Most people who follow sports are interested in sports betting because it adds another dimension to games and it gives fans something else to cheer for. Legalized sports betting makes things safer for everyone interested.
The Professional and Amateur Sports Protection Act of 1992 (PASPA) was struck down because of the money. Nevada makes hundreds of millions of dollars per month from sports betting revenue and it only made sense for other states to join the business. When sports betting was illegal, states weren't making any money from it because it wasn't offered.
Following the repeal of PASPA, each state could pass laws and add legislation to allow sports betting within their borders. Along with sports betting comes money as states are allowed to tax sportsbooks as they see fit. This new form of revenue for states can go to any number of areas from schools and health clinics to construction and road work.
Legalized sports betting also leads to more regulation and the ability for states to offer help to those suffering from addiction. If you're a casual bettor and find no joy in betting on sports, it may be best to stop wagering. If it's become an issue, there are numerous resources that can help across the country. There are online guides, readily available access to addiction centers and a National Problem Gambling Helpline.
While sports betting is fun and profitable for states, legalized action also adds new jobs at casinos and standalone sportsbooks for oddsmakers, analysts, cashiers and security. Everyone likes new jobs, especially ones that require a physical presence.
Instead of fans flocking to offshore betting sites when they can't go to Nevada to bet on sports, legalized sports betting brings wagering to the people. Betting legally at physical locations is more fun than what was possible prior to the repeal of PASPA in 2018. Plus, bettors don't have to worry about receiving winnings because betting is regulated.
Sports betting can turn into a career and be taken seriously or it can be used as something friends do together for a night out or for an NFL Sunday together. Since most bettors aren't professionals, the latter option is the more popular choice. Betting on sports adds a little something else to cheer for when watching games with friends, or even when watching at home.
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Yes. Sports betting launched in Kentucky in September 2023.
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Kentucky sports betting is legal, but it is not live as of yet. Expect launch in late 2023 or early 2024.
No. Sports betting is not legal in Oklahoma and that doesn't appear close to changing.
Yes. Sports betting was legalized in Arkansas in 2018 and launched at physical locations a year later.
Yes. Delaware was the first state in the country other than Nevada to legalize sports betting in June 2018.
Yes. Sports betting was legalized in 2019 and officially launched March 2020 through Montana Lottery.
Yes. Sports betting is legal in New Hampshire but only online through DraftKings Sportsbook.
Yes. Sports betting is legal in Oregon and can be done through the state lottery.
Yes. Sports betting is legal online and at two physical sportsbooks in Rhode Island.
Yes. West Virginia passed a law to legalize and regulate sports betting in 2018 prior to the ending of PASPA.
No. Sports betting is not legal in Utah and may be one of the last states to legalize it if it does happen at all.
No. While sports betting bills have been introduced in South Carolina throughout the years, none of them have been close to getting approval.
No. Sports betting in North Dakota remains illegal after two bills didn't make it through legislature in 2019.
No. While lawmakers have proposed changes to the sports betting bill every year, Native American tribes have yet to change their stance.
No. Maine's governor vetoed a sports betting bill in early 2020 and while the Senate and House tried to overturn it, they didn't succeed.