Been five years since online sports betting became legal in the US.
And Ashley Mastronardi tells us what's next in the world
of online gambling as the industry continues to grow.
This month marks the five year anniversary of legal sports betting in the US.
In that time, Americans have bet $220 billion on events like the NBA playoffs.
Experts say basketball is one of the most popular sports in online sports betting
to the delight of betting enthusiasts across the country for the past five years,
they've been able to place sports bets in the palm of their hands legally.
It's better than just going to
place
and spending two hours on public transportation just to make a bet
or going out of state in a million to one odds.
The professional and amateur Sports Protection Act
which allowed sports betting in only four states was overturned in 2018
C coo of Fanduel sports Mike Grains
Beger says it's a trend that's made its mark in the US over the past five years.
It's really been
an explosion of sports betting around the United States
with now over 30 states across the country.
Legislating, regulating and taxing online sports betting.
This ruling created tax revenue for states to the tune of $1 billion in 2022.
It also created an additional revenue stream for casinos and horse
tracks and safeguards from unregulated gambling websites kind of fun.
It adds excitement to the games.
I think it keeps everything very relevant,
but that addiction to excitement may become all consuming.
Experts say it's important to know when to tap out.
Sports betting is an entertainment product and it should be fun
and when it stops
being that that might be a sign that people
should reflect on their play and either not participate
or use one of the tools that Fadel has where I said you can limit your deposits,
you can limit the time you play the amount you bet.
Right now.
Sports betting is legal in two thirds of the states
with more states expected to join in the near future.
Ashley Masar
Chatter news.