New York<\/a>, whose Assemblyman Gary Pretlow last month declared the law to be \u201cunfair\u201d and said he is interested in mounting a challenge.<\/p>\nThe American Gaming Association estimates that $138.9 billion was spent by Americans on illegal sports betting last year.<\/p>\n
However, a major impediment to repealing PASPA remains the sports leagues themselves, who have continually fought New Jersey\u2019s ambitions in the courts.<\/p>\n
Over the past couple of years there have been signs that the league\u2019s anti-sports betting stance could be thawing. The NBA and MLB, in particular, have expressed an openness to the idea of having a relationship with legalized gambling.\u00a0 \u00a0 \u00a0<\/span><\/p>\n“US policymakers, casino groups and sports leagues have all begun to consider what a regulated sports-betting market would look like without the PASPA prohibition,” says Gambling Compliance’s managing director, James Kilsby. “States are already moving rapidly to regulate daily fantasy sports, but sports betting represents a far larger and more lucrative opportunity.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Legalizing sports betting across America would create the world\u2019s largest\u00a0regulated betting market with annual gross gaming revenues of $11.9 billion, according to a new report from Gambling Compliance. To put that into perspective, Nevada, the only state that offers full-scale legal sports betting generates annual gross gaming revenues of under $300 million. The nationwide market […]<\/p>\n","protected":false},"author":42,"featured_media":39370,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,16],"tags":[],"acf":[],"yoast_head":"\n
Legalized US Sports Betting Market Would be worth $11.9 billion<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n