The benefits of legalizing sports betting in america

The legalization of sports betting at the state level is worth celebrating for anyone who wants to see the U. Sports betting made headlines on August 8 when Buffalo Wild Wings announced it was exploring the idea of adding sports betting to its unique restaurant experience. NCAAwhich struck down a federal ban on sports wagering and gave states permission to decide on the matter for themselves. As a result, Americans can now gamble on sports in Nevada, Delaware, New Jersey—and many more states to come.

The benefits of legalizing sports betting in america

SinceNew Jersey has made attempts to legalize sports betting in the state by filing lawsuits claiming PASPA's unconstitutionality, proposing amendments to the New Jersey State Constitution and more.

This month, five more states joined the battle. Casino City is always willing to fight the good fight when it comes to reasonable, beneficial regulation. With that in mind, here are some of the top 10 reasons, as put forth by the American Gaming Association, as to why sports betting should be regulated and legalized.

Clearly, it's time for some reform. While you consider where that money could be going, let us point you to the next item on the list. Tax revenue would benefit local communities Currently, illegal bets made on sports are shuffled either underground or to the offshore industry mentioned above.

Part 1: The marketplace

Since these operators are avoiding taxes, none of the money has a chance to benefit local communities. Revenue from legal betting could potentially go toward to public safety and youth programs, neighborhood development and other forms of local aid, as is currently the case with casinos across the U.

Law enforcement leaders recommend repeal The American Gaming Association's Illegal Gambling Advisory Board, composing of leaders from federal state and local levels, stated that the current handling of sports betting by the U.

Conversely, he said, in the U.

The benefits of legalizing sports betting in america

Regulation works in other places As with the uncool kids in class being the last to pick up on a new trend, the U. In countries like Australia, Ireland and the U. The bad news is that the U. Now that other countries have made mistakes, we can learn from them.

They've done all the hard work for us.

Should sports betting be legal? | The Perspective

What we're left with is a pretty good idea of how sports betting can be effectively regulated. Betting drives ratings According to the AGA, more NCAA Men's Basketball Tournament brackets will be completed this year — over 70 million — than ballots have been cast for any presidential candidate, including during this year's election.

A report from the AGA shows that adults who bet on NFL games watched 19 more of those games per season than adults who did zero betting.

The game-bettors also drove up ratings by more than double across major broadcast and cable networks, which is significant since NFL ratings are down this season. Strengthen the integrity of games One of the risks of illegal sports betting is that games or matches can be easy to manipulate.

The United Nations Office on Drugs and Crime noted in a report that "it is more difficult to investigate allegations of match fixing where betting is illegal" as a result of poor record-keeping. The report also states that Australia, Ireland and the U.

Local law enforcement can more easily protect consumers under a regulated system that provides access to more information.Legalizing sports betting can keep that money in the U.S. economy, which would benefit casinos that are going bankrupt nationwide. In fact, regulated sports betting market could potentially add $ billion to the annual profit of casinos nationwide—and that’s only the beginning of the economic benefits.

Watch video · When New Jersey made its attempt at legalizing betting at the state level, all the major sports leagues — the NFL, Major League Baseball, the National Hockey League, the .

American Sports Betting Coalition Details Benefits of Legalized Sports Betting at Capitol Hill Briefing. Launched in June, ASBC has become leading voice for legalized sports betting; New Washington Post poll shows majority approve of legalized sports betting.

- The Washington Post

In the 25 years since PASPA’s enactment, attitudes toward sports betting have dramatically shifted, Americans becoming more positive toward the idea of legalizing sports betting in recent years. Polls show a trend toward favoring legal gambling that has gained strength.

Augusta Free Press covers the American Sports Betting Coalition's efforts on Capitol Hill to advocate for legalizing sports betting. The American Gaming Association and American Sports Betting Coalition addressed the benefits of a legalized sports betting market on Capitol Hill during a roundtable discussion hosted by Third Way.

Experts almost unanimously agree that legalized sports betting in the U.S. is "inevitable." In Part 1 of Chalk's series, we examine how we might get there and what the market could look like.

Politicians, Experts Emphasize Multiple Benefits Of Legalized Sports Gambling |