If you’re looking for a new way to bet on sports, then online betting is the way to go. The New York State Gaming Commission recently approved four platform providers and operators to offer legal online sports betting on January 8, 2022. They are Rush Street Interactive, Caesars Sportsbook, and DraftKings. However, while these companies are expected to be the first to offer the service, the New Jersey Senate isn’t so sure. Earlier this year, the commission said it would consider the impact of legalizing online gambling on the early NFL playoffs. Likewise, no talk of legalizing wagering on college sports.
The Wire Act of 1961 has long governed online sports betting in the US. The legislation was written before the internet, so it has no application to digital wagering. However, in 2011, the Department of Justice decriminalized online gambling in some states and allowed states to pass their own laws. In 2018, the US Supreme Court overturned the 1992 Professional and Amateur Sports Protection Act, allowing sports betting to be legal in New York state. In the wake of the Supreme Court ruling, the New York State Gaming Commission concluded that the 1961 Wire Act applies to legalized online sports betting in the United States.
Online sports betting has a lot of potential. The popularity of mobile apps, smartphones, and tablets has paved the way for mobile betting in the US. In fact, the New York State Gaming Commission is in charge of regulating the activity of online sportsbooks. In addition, mobile sports betting is growing rapidly. The future of sports betting is bright, and the U.S. sports betting market is growing exponentially. This new industry is the next big thing in marketing, and the competition is expected to grow.