Pennsylvania Seventh State to Legalize Wagering on Sports

Up until recently, The United States has considered gambling to be illegal (the only exceptions were Delaware, Nevada, Oregon and Montana), however, they changed their mind.

The Important Decision:

In May this year, the Supreme Court annulled the Professional and Amateur Sports Protection Act (PASPA). Furthermore, now it’s up to each state to figure out whether they want to legalize sports gambling or not.

Experts from the NJ Games designed some form of visual representation that is going to cover these key events. It will start from the introduction of this act to its ending. Why is this infographic crucial? It’s important because it will highlight the impact this decision is going to have on the United States and their economy.

Legal Changes That Are About To Happen:

As we mentioned in the beginning, seven states have already legalized it and now that this topic has become preeminent, it won’t be too long before the others embrace this law too, with eight predicted by the 2019 NFL season. It’s worth mentioning, that once this happens, it is going to affect the economy of these states in many ways.

According to this infographic, a lot of people will be able to find new jobs in this industry, in direct and indirect ways. Moreover, this occurrence is going to also have an impact on the US GDP. It even includes tax rate estimates on gaming revenue.

Other Powerful Effects:

Besides the economy of this country, these changes will also influence the monetization of real-time sports datadue to the fact that gaming operators need extremely reliable and precise information and data.

The biggest leaders in this industry, such as Stats and Sportradar didn’t waste their time. They already made a certain number of business deals worth millions of dollars. Previously mentioned infographic will give detailed information regarding upcoming trends that include sports betting bots and blockchain technology.

According to some reports, the decision that the Supreme Court made was good! It will benefit almost everyone!

Sports Betting in Pennsylvania:

Recently, the state of Pennsylvania legalized sports gambling and at by doing that, it became the seventh state where this was allowed.

Hollywood Casino, which is located at Penn National Race Course has started taking bets now that the regulators from Pennsylvania have given them the green light.

Besides them, there are two more casinos also from this state (SugarHouse and Parx) that could also activate their sportsbook in the nearest future. Moreover, River Casino from Pittsburgh will also join them.