Go Massive Or Go Dwelling: America’s Billionaire Sports activities Betting Enterprise

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Hari Sreenivasan:

The growth was also driven by the fact that in New Jersey you don’t have to be here physically, you can only use your phone. In fact, more than 90 percent of New Jersey bets are online.

It’s part of a big change since New Jersey led national efforts to legalize gambling outside of Nevada. As Newshour Weekend reported back in 2015, sports betting boosters in the Garden State have been pushing for years to legalize the practice. In the center of New Jersey, a racetrack even expanded this space preventively to take account of the changing rules.

In May 2018, the Supreme Court enacted a 1992 law prohibiting this. and within months, New Jersey Governor Phil Murphy placed a legal bet on the same sportsbook that had been built years earlier. Today, 20 states and Washington DC have legalized gambling in some form, and another 19 are either considering laws or working on regulations to actually start operations.