Sports Betting in New York State: The Good, The Bad and The Ugly

“A dollar won is twice as sweet as a dollar earned,” said Paul Newman.  Many people must agree, since US commercial gross gaming revenue reached a total of $60.42 billion in 2022 according to Statista Research Dept 9/2023.  Sports betting itself, which was largely illegal outside Nevada prior to 2018, was legalized by the Supreme Court in 2018. 2022 was a record-breaking year for sports betting in the U.S., with a total handle of $93.7 billion, a 64% increase from 2021. (https://oddsassist.com/sports-betting/resources/sports-betting-statistics/)

How did the sports betting industry grow in such a short time?  What are the growth problems you’d expect  in this field– addiction in the sports world, gender discrimination, cries of monopoly?  Who are the key players?  How does the government get its share of profits?  What to expect in the future for bettors and industry players?  Is this a good field for lawyers to get involved in?    

Join the Entertainment, Arts & Sports Law  and the Women in Law Sections for a discussion of what Homer Simpson has called “SPORTS BETTING – GAMBLING MAKES A GOOD THING EVEN BETTER”