Sports Betting is already available in the United States. Many millions of dollars are spent on offshore and underground sports betting every year. The fact that the Supreme Court has now paved the way for legal sports betting will get the majority of these bets rolling.
The change will not happen immediately. The court's ruling has not legalized sports betting nationwide, but has opened the door for states to themselves. It will take time, and when it does, states could have a patchwork of regulations to cope with the need for oversight. Congress could also regulate sports betting, but states will be in charge unless the FBI tells them otherwise.
The natural starting points for sports betting are casinos and racetracks.
"I think most states will say originally," Alright, we'll allow it in the casinos, "says Richard McGowan, a professor from the Carroll School of Management at Boston College, opposite SB Nation.
Twenty-four states had commercial casinos when the American Gaming Association counted in 201
"It's reasonable to assume that casinos and racetracks are the first sports betting," says Scott Cooley, a ratings consultant for offshore book BetDSI. "The technology infrastructure is reasonably present and obviously the frequent visitors to these businesses are the target audience."
New Jersey will offer sports betting on a popular racetrack on Memorial Day.
At some point, legal sports betting will go online.
"The app is finally where it is," says Dan Etna, who directs sports law practice at Herrick Feinstein LLP, a law firm with offices in New York and New Jersey.
"Let's be honest: they will still compete with the shadow economy of bookmakers and whatever .. It's a time to suck in. You need to take time to park at the Monmouth Racetrack and the Meadowlands and whatever Making your bets and getting back in your car and continuing with your day is not user-friendly, it's not very convenient, so I think you will not see those big sports palaces that are coming out of the ground for sports betting I think it will be a largely prevalent digital platform. "
Dozens of sports betting based in other countries are already offering online bets to Americans. These products are not complicated. You can place a sports bet from your phone or computer in places like Bovada (located in Latvia) and 5Dimes (Costa Rica). They accept American credit cards and they are intuitive to use.
Like everything else in sports betting, the legality of betting applications depends on the respective national climate. But it's not hard to see a future as new and existing American media companies open their own online sports books.
A likely component of betting apps will be a geofence that only bids users in states where it is legal. The Federal Wire Act makes gambling illegal through international trade or communications.
The leagues could even get involved in the action.
Imagine playing a baseball game on MLB.tv with an option as you watch betting through a league-run portal. Imagine you are playing on NFL.com, a website where fantasy football leagues are already playing.
"I'll go further," says John Wolohan, sports lawyer at the College of Sports and Human Dynamics in Syracuse. "I'll bet you'll see books right at the games, I bet you can go to Yankee Stadium and have a book in the hall where you can spend money on the game that day."
"" Give me, whatever the runs are, the Yankees will win, give me a prop on the first inning, that there will be two hits, or something like that, "Wolohan says. "I have little doubt that this will happen in a relatively short time."
In general, you can expect many political disputes about its implementation.
How high will taxes be in states that legalize sports betting? Who will pay them – weather, casino operators or (in most cases) both? Will the leagues get a cut?
The leagues will claim that they should get a cut . One mechanism for this is often called a "integrity charge", a tax on the total amount that is set in sports betting that would go into a fund for each league. The NBA says it needs this fee to cover the monitoring costs to make sure that nobody – either players, officials, fans or coaches – is cheating. The gambling industry rejects integrity fees, arguing that they could be devastating to operators. Casinos only pay taxes on bets they win, but an integrity charge would tax the entire amount of money and force casinos to pay sports leagues, whether they win or not. These fees will be a major issue for future lobbyists.
"I understand that there is a need for increased integrity," says Etna. "But on the other hand, let's not fool ourselves: it's just a new, fertile source of income for them, they can not convince me otherwise."
The major sports leagues could claim to parliaments that they have total control over specific game play. and have player data that would be useful to sportsbook operators – such as live stats and other in-game information. This could help bettors place their stakes at the correct scale. The NBA, MLB and PGA Tour are already pushing for such an arrangement, which would reflect the way sport betting works in the UK.
"Your argument is," This is our game. Without us, there is no product to bet on. There are no players. There is nothing. New Jersey or New York or Massachusetts can not have sports betting. Without us as a league, without us as a unit and our players, there is nothing, "Wolohan says." They claim that this is a property right that we have and that we should be able to control it. "Again once it is an argument that they created . They do not possess that right today. "American courts have denied them that in general.
States will also debate how consumption can be controlled. This comes down to the most important truth of gambling: Most people lose money when they do it.
"That's when the addiction problem gets very high," says McGowan. "I just think that young men between the ages of 18 and 35 go crazy trying to beat the odds on this stuff, it's already in many colleges, so that's just going to sum it up."
There's every model right now for American sports gambling possible.
In the coming months and years, states will choose their own ways.