From the 18th Century ’till Now – Sports Betting in the USA
The history of sports in the United States is very extensive and this goes hand in hand with sports betting. For centuries, sports betting has had a great role, bringing fun to more than one. However, just as it had its golden ages, it also had its dark ages.
Betting on horses has always been popular. Since the beginning of the 19th century, these bets were made and played a fundamental role in the history of sports betting in the United States.
When professional baseball was established in 1876, sports betting took center stage. The National League was founded on February 2, 1876, and by 1901, the American League was created. Betting increased and was considered a fun way of entertainment.
Betting At the Turn of the Century
With the turn of the century, gambling became more popular than ever. However, a scandal quickly changed everything. Eight Chicago White Sox players were bribed to launch the 1919 World Series. This brought great darkness to sports betting. However, during the 20th-century sports betting continued to grow.
By 1920, the golden age of sports arrived, and soccer and college basketball were the great protagonists. It was during the Great Depression that soccer pool cards were in great demand. They were a way to make money quickly and easily.
Although gambling was still illegal, there was no real law against it.
By 1931, Nevada legalized gambling. In New York City, mafia groups grew up offering number games and sports betting services from coast to coast. This led to the creation of the Interstate Gambling Act of 1961. This was also created as a tactic to protect state lotteries from the illegal competition.
This made sports betting completely legal. Las Vegas, Nevada quickly began to be seen as the only legitimate place to gamble in the United States.
By 1970, gambling became a big business for the state. Congress lowered the tax on sports betting to 10%. Quickly, more states lobbied to legalize gambling. In 1976, Delaware started its sports lottery.
As more states asked for legalization, Congress became more concerned. The government decided to create a Professional and Amateur Sports Protection Act of 1992, PASPA. This prohibited sports betting in the United States, except in the four states where legal operations had been established.
25 Years Later
25 years after the enactment of the Act, everything changed. The Supreme Court decided to revoke the Law on May 14, 2018.
In just six months, seven states created sports betting industries. This was brought about by the creation of thousands of jobs and the growth of the local economy. At the same time, it attracted a lot of tourism from other countries.
Today, gamblers can bet on every kind of sport imaginable. There is a wide variety of direct and exotic bets. The advancement of technology and the internet have also been factors of change. They have made sports betting more accessible and with unlimited options.
The world continues to evolve and with it, all aspects of life, such as gambling. There is no point in banning something natural. If we are all aware that it is a fun way to spend our time, everything will be fine. It’s about being responsible and enjoying yourself.