Changes in the U.S. Sports Betting Market

In a move spearheaded by New Jersey state on May 14, 2018, the Supreme Court of the United States declared that the Professional Amateur Sports Protection Act (1992) was unlawful. With the statute revoked, states across America were allowed to legalize and regulate their own sports betting markets.

Delaware was the first out of the gate to launch a regulated bookmaker and sportsbook, with New Jersey following up by legalizing sports betting and its first legal online sports betting app. More states continue to follow suit, with the latest regulation changes indicating an incredible space for sportsbook users in the USA.

All of the latest U.S. bookmaker regulation changes

At the time of writing, a total of 14 states have a legal sports betting scene. As the extent of legalization and regulation varies from state to state, online gambling isn't necessarily allowed in all of the states that now regulate a sportsbook or several sportsbooks. That said, the majority have brought in regulation for mobile online sports betting.

The first to legalize were Delaware and New Jersey, with Nevada already home to many big U.S. bookmaker brands. After those three, Mississippi, West Virginia, New Mexico, Pennsylvania, Rhode Island, Arkansas, New York, Iowa, and Oregon legalized.

Indiana and New Hampshire, towards the end of 2019, opted to regulate the sportsbook scene and allow for online gambling via mobiles. Many other legalizing states decided to omit online sports betting upon the inception of their sports betting bills, but Indiana and New Hampshire have accepted online sports betting as a part of the experience.

The impact of new regulations for the U.S. sportsbook scene

For any industry to be successful and rewarding to its users, there has to be a high level of competition. Luckily for the USA bookmaker scene, there is plenty of competition which is driving the market forward.

In online gambling circles, there has been a huge influx of offshore, Vegas, and European betting platforms. Having so much diversity and so much choice is great for players, especially as the best online sports betting websites coming in from Europe are very experienced and already present the best possible sportsbook offering which they've found success with across the pond.

While still very young, due to these online sports betting sites coming in, U.S. bettors are enjoying an offering akin to a far more seasoned market. As more and more states legalize, the competition will heat up to create an even stronger market.

There's already a lot of excitement around the success and growth of the industry, with predictions landing at around $8.1 billion in revenue by 2024. Comparisons can already be drawn to the long-established UK gambling industry. The UK has a comparable population of 66.4 million to the 71.6 million residents of the 14 sportsbook states and sees an annual gross gambling yield of $18.8 billion, according to recent reports.

So, if the U.S. market continues to grow with more states legalizing and more online sports betting sites coming onto the scene for added competition and convenience, the U.S. market could soon reach or exceed that marker.

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