3 Year Evolution of American Sports Betting: From Taboo to Revenue

On May 14, 2018, the U.S. Supreme Court struck down a federal statute that for 26 years had restricted regulated sports betting to primarily Las Vegas. Everywhere else, one of America's oldest pastimes -- betting on sports -- was relegated to the shadows.

Up until just a few years ago, the NFL and other leagues claimed bettors and bookmakers would cause irreparable harm to sports if other states were allowed to get into the bookmaking business. And other than a few veiled references to the point spread by broadcasters, sports betting was rarely referenced in the media.

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