The liberalization of casino gambling benefits some companies more than others. It becomes the 25 th state to allow such facilities. Arkansas just approved a gambling referendum in November to authorize four new casinos. The number of states authorizing commercial casinos is also growing. It estimates this market accounts for $150 billion in annual bets. 'Legal and regulated sports betting barely scratched the surface of an entrenched black market - comprised of offshore sportsbooks and street bookies,' the AGA said. And in 2019, the AGA said data through April showed a 175% increase in revenue from sports betting over 2018, in the months before it was legalized.īut the legal industry still has a mighty challenge in the form of illegal sports wagering.

The expansion helped the sports gaming market grow revenue nearly 65% year over year to $430.2 million. Seven states adopted sports wagering legislation by year's end: New Jersey, Delaware, Mississippi, New Mexico, Pennsylvania, Rhode Island and West Virginia. In May 2018, the Supreme Court overturned the Professional and Amateur Sports Protection Act, clearing the way for sports betting outside Nevada. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

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