Right. Meantime, it's been five years since online
sports betting became legal here in the US that after
the Supreme Court ruling, that the federal law had
limited single game sports betting to Nevada saying it was
unconstitutional. Ashley Madi is telling us what's next in
the world of online gambling as that industry continues to
grow. This month marks the five year anniversary of
legal sports betting in the US. In that time
, Americans have bet$220 billion on events like the
NBA playoffs. Experts say basketball is one of the
most popular sports in online sports betting to the delight
of betting enthusiasts across the country for the past five
years. They've been able to place sports bets in
the palm of their hands legally. It's better than
just going to place and spending two hours on public
transportation just to make a bet or going out of
state in a million to one odds. The professional
and amateur Sports Protection Act which allowed sports betting in
only four states was overturned in 2018 C coo of
Fanduel Sports Mike Grafs Beger says it's a trend that's
made its mark in the us over the past five
years, it's really been an explosion of sports betting
around the United States with now over 30 states across
the country legislating, regulating and taxing online sports betting
. This ruling created tax revenue for states to the
tune of$1 billion in 2022. It also created
an additional revenue stream for casinos and horse tracks and
safeguards from unregulated gambling websites kind of fun. It
adds excitement to the games. I think it keeps
everything very relevant. But that addiction to excitement may
become all consuming. Experts say it's important to know
when to tap out. Sports betting is an entertainment
product and it should be fun and when it stops
being that, that might be a sign that people
should reflect on their play and either not participate or
use one of the tools that Pandel has where I
said you can limit your deposits, you can limit
the time you play the amount you bet right now
. Sports betting is legal in two thirds of the
states with more states expected to join in the near
future. Ashley Masar Chet News.