Why States Took a Gamble on Sports Betting
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The Evolution of Sports Betting
This chapter explores the personal experiences and psychological aspects of sports betting, highlighting its transformation from a stigmatized activity to a legalized form of entertainment post-2018. The discussion encompasses the historical context of gambling, the implications of the Supreme Court case Murphy vs. NCAA, and the economic motivations behind states embracing this revenue-generating opportunity. It contrasts the previous gambling landscape of Nevada with the current state-level regulations that emerged from a growing acceptance of sports betting in the U.S.
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