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Down to Business English

The Wide World of Sports Betting in the USA

Apr 5, 2024
Explore the history of sports betting in the USA, from the 1919 scandal to legalization in 2018. Learn how online betting transformed the industry and the role of fantasy sports. Discover sports idioms that enhance business English vocabulary.
20:49

Podcast summary created with Snipd AI

Quick takeaways

  • Legalization of sports betting in the USA stemmed from historical scandals and technological advancements.
  • Sports betting industry faces profitability challenges and must prioritize responsible gambling practices.

Deep dives

Legalization and History of Sports Betting in the USA

Sports betting in the USA has evolved significantly over time. Initially, dating back to the early 1900s, sports betting was legal, unregulated, and even associated with scandals like the 1919 World Series scandal involving the Chicago White Sox. In 1992, the Professional and Amateur Sports Protection Act (PASPA) was enacted, making sports betting largely illegal. However, with the rise of internet betting, the Unlawful Internet Gambling Enforcement Act in 2006 further regulated online gambling. The growth of fantasy sports and the overturning of PASPA in 2018 by the US Supreme Court have led to the current widespread legalization of sports betting.

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