Go large or go house: America’s multi-billion greenback sports activities betting enterprise

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Hari Sreenivasan:

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

It’s part of a huge change since New Jersey led the effort nationally to legalize sports gambling outside of Nevada. As Newshour Weekend reported back in 2015, boosters of sports betting in the Garden State had been pushing to legalize the practice for years. In central New Jersey one racetrack even preemptively built out this space in anticipation of the rules changing.

In May of 2018, the Supreme Court struck down a 1992 law that had prohibited it. and within months, New Jersey Governor Phil Murphy was placing a legal bet in that same sports book that had been built years earlier. Today, 20 states and Washington D.C. have legalized sports gambling in some form, with another 19 either considering legislation or working on regulations to actually start operations.