History of Sports Betting in the USA

1996

BETTING SLIP

BETTING SLIPBETTING SLIP

BETTING SLIP

History of Sports Betting in the USA

1894First documented

sports bet on Football by none other than the

manager of the Colts

1919

The Black Sox scandal taints the Baseball World Series and the stain will influence the US

position on sports gambling for decades to come

1961The participation of the mob in

sports betting forces President John F. Kennedy to lay down the law with

the Interstate Wire Act prohibiting the operation of certain types of

betting businesses

2018New Jersey Governor Phil Murphy

places the first legal sports bet wagering $20 on Germany to win

the World Cup and $20 on the Devils to win the Stanley Cup

2012Las Vegas breaks the

3Billion Dollar threshold in revenue from sports betting.

1996January 17, Intertops.com

recorded the first online sports bet.

2018The Supreme Court

renders their verdict to legalize sports betting,

thereby putting an end to PASPA

THE AMERICAN GAMING ASSOCIATION (AGA) PREDICTS

ESPORTS TO CREATE UPWARDS OF $1.5 BILLION BY

2020 IN BETTING VOLUME

2006Congress implemented The Unlawful Internet Gambling

Enforcement Act (UIGEA) specifically targeting online

gambling operations

2002Live betting launched offering bettors the opportunity to bet

on a sporting event while it was taking place

1999

National Gambling Impact Study Commission (NGISC) report $80 billion

to $380 billion per year is wagered illegally on sports in the United States

through the Sportsbook ‘Black Market’

1992The Professional and Amateur Sports

Protection Act PASPA is enacted by congress banning sports wagering across the US

(except in the states where it was already somewhat legal: Nevada, Oregon, Montana,

Delaware, Washington & New Mexico)

Pennsylvania: $144.8 million Rhode Island: $80.2 million New Jersey: $1.39 billion Delaware: $36.9 million West Virginia: $75.8 million Mississippi: $111.9 million Nevada: $1.88 billion

AMOUNT WAGERED ($) ON SPORTS BETTING LEGALLY BY STATE

FIFA World Cup above 1 trillion

Superbowl 52 4.76 billion

March Madness 300 million (legally), 10 billion (all)

Kentucky Derby 209.2 million

Most Bet on Major Sporting EventsTHROUGH APRIL - MAY 2019

FULL-SCALE LEGALIZED SPORTS BETTING

RECENT BILL PASSED

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