Earlier this week we reported that the United States Supreme Court (SCOTUS) declared the Professional and Amateur Sports Protection Act of 1992 (PAPSA) unconstitutional in the following post: U.S. sports gambling ban has been lifted: What happens next?
With this legal impediment to licensed sports gambling in the U.S. lifted, there will be a surge in licensed U.S. sports betting. William Hill says New Jersey sport betting could launch in weeks at the Monmouth Park horse racing track. It is anticipated that wagers in New Jersey alone could reach $10 billion annually.
Of course, the interesting question for those of us involved in online gaming is how this will change the U.S. online gaming landscape. In calendar year 2017 the bulk of licensed online gaming activity was in New Jersey, with online gross gaming revenue of $245.6 million (Delaware was a distant second with online gross gaming revenue of $2.4 million). Adding sports wagering revenue into the online gaming mix can be expected to increase volume significantly and expand the overall size of the market. And that means the economics of other states legalizing online gaming to reap the economic benefit of the associated taxes will grow significantly as well.
For this week's poll I ask the question how large do you think licensed online gambling will grow to be in 2019 versus 2017? It's not a simple question, because very different results can occur depending on the speed with which states act, both on sports betting and on online gaming in general.
Besides voting in the poll, be sure to share your opinion about how you believe the changes will affect your affiliate business over the next year and a half - for better or for worse. And if you have any new or different plans based on the change in the legality of sports betting within the United States.
Michael