$ 125 billion American gambling on TV!

According to the Fars News Agency cinema reporter, quoting Washington TimesAmericans have bet $ 125 billion on sports in the four years since it was legalized.

Atlantic City, New Jersey (AP) – In the four years since the U.S. Supreme Court ruling opened the way for betting in all 50 states, Americans have bet more than $ 125 billion on sports with legal gambling stores.

On Saturday, the anniversary of the New Jersey lawsuit, two-thirds of the state legalized sports betting.

In just four years, the industry has entered the daily lives of millions of Americans – from those who spend money hoping for certain results to those who watch TV shows by chance – to those who struggle with gambling problems.

You do not have to be an American gambler or even a sports fan to be impressed: the industrial tsunami of gambling advertising is especially evident not only on American radio and television, but also in other media. FanDuel, for example, is the official betting provider launched by the Associated Press.

On May 14, 2018, the Supreme Court ruled in favor of a case that began 10 years ago in New Jersey as the longest distance lawsuit: an attempt to repeal a federal law, the Professional and Amateur Sports Protection Act, which stipulates sports betting. It was limited to only four states.

To understand how much $ 125 billion is, consider this: This is more than the net income of American farmers last year.

Of course, most of the money in these bets is paid to the people who won the gamble, and the share of sports on which the bets were made was less than 10%. In the first four years of legal betting, they earned $ 8.8 billion, according to the American Gambling Association, the National Gambling Industry Group.

However, legalizing sports betting in the United States has not succeeded in eliminating illegal gambling.

It should be noted that sports betting has been made available to state legislators as a source of new tax revenue and is still seen as a tempting option for US senators.

In America, when you turn on the TV, it does not matter what you watch, because you are immediately bombarded with sports betting ads.

AnDuel, DraftKings, BetMGM, PointsBet Bet365, and especially Caesars Entertainment, in addition to dominating American television, are also attacking radio waves to promote their sports betting items.

Felicia Grundin, executive director of the New Jersey Gambling Council, cites a report in the Baroness that says that by 2020, $ 292 million was spent on sports betting advertising in the United States. A year later, that amount increased to $ 725 million.

Conversely, Massachusetts lawmakers are considering banning sports betting ads immediately before, during and after the live broadcast of sporting events.

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