Compared with igaming, which has experienced glacial progress since the first three states went live in 2013, US-regulated sports wagering has come flying out of the blocks. With four states having already gone live with sportsbooks alongside Nevada, it now seems hard to believe the ban was only lifted as recently as May.
The strong early figures from these states clearly indicate a pent-up appetite among Americans, while in New Jersey – where in August more than a quarter of the $96m turnover was transacted remotely – they show just how integral digital channels have become to the sports-wagering experience.
The leagues continue to drive many of the debates over the future of US wagering, with integrity still as central to their discourse as it was when fighting against the lifting of PASPA. We talked to the NBA and PGA to get a steer on how the main stakeholders – operators, regulators and the leagues – plan to collaborate and move forward (p33).
In the background are of course the offshore books, which Larry Gibbs argues are being assisted by initial post-PASPA actions (p10). Chairman of the Mashantucket Pequot Tribal Nation and interim Foxwoods CEO Rodney Butler (p18) also argues that the leagues’ integrity-fee proposals will affect operators’ “ability to compete with the massive, unregulated black market.”
These issues and many others impacting the future of US sports wagering will be discussed in depth at our ICE Sports Betting USA event in NYC on 27-28 November. We hope to see you there.
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