Who says one of the most powerful and influential forces in the USA (aka the judiciary) isn’t a big fan of gambling? And no, we’re not talking about federal judges who like blowing huge sums of money in Las Vegas, nor even about a current President of the United States who is the proud owner of gambling establishments (yep, he regained his ownership). We’re talking about America’s love of sports betting: that’s what the whole fuss is about.
Congratulations, guys, sports betting is officially legal in all fifty of the United States. Hold on; was it ever forbidden? You bet (just a little pun intended)! There were times when this type of gambling (FYI, it is indeed a variation of gambling) was only allowed within the borders of Nevada. All 50 states can get involved in this exciting activity from now on. Before you jump straight into impulsive decisions, let’s take a closer look at the reasons and consequences of the federal court’s decision.
Traditionally, gambling is associated with casinos, lights, chips, wagering, James Bond movies, and a rush of adrenaline. And when it comes to sports betting, this is not always the case. However, eager sports fans may disagree, because sports are an essential part of their life and they can’t imagine a single day without matches and games. And who can blame them? This is such an exciting industry that it’s almost a whole other universe with its rules, culture, and superstars. On top of that, sports are very profitable. Starting with World Championships and ending with betting, it’s a crucial part of the world’s economy. Surprisingly enough, it took quite some time for the USA to figure this out.
There are people who are wondering how sports betting constitutes a branch of the gambling industry? Well, think about it. You have a little control over your winnings. Obviously, if you’re a dedicated, passionate fan, you’ll be able to calculate the odds of a certain match, for example. You can take a whole bunch of factors into consideration, like possible athlete injuries that may influence their performance, their opponents’ potential, the location of a game (home-field matches often turn out to be more successful), or if you’re lucky enough, you can even get your hands on exclusive information from insiders.
So you can make an assumption, a prediction, call it what you wish, but you do at least have some control over a situation, unlike with slots. You can rely solely on good luck and this makes your hands tied. Nevertheless, sports betting is still a type of gambling. Of course, it’s not a lottery itself, but the two do share some features. A mechanism of earning money is pretty much the same.
Perhaps the government doesn’t like the fact that citizens earn money in a too simple way. However, they do pay taxes, so it’s kind of complicated. Let’s figure out why sports betting has been forbidden in the USA all this time.
The USA might have stepped away from the Crown in the eighteenth century, but long-lived British traditions haunted the nation for quite some time. The clearest example of such a tendency was horse-race betting, which was insanely popular among the Brits. In fact, this gambling activity played a crucial role in funding the Revolution, so Americans spent the nineteenth century embracing it.
It seemed to be working for all parties – citizens, bookmaking companies, and the government (because of good taxes, of course). But sooner or later this sphere, which wasn’t strictly regulated by officials, had to show some loopholes for better-earning opportunities, fixed games, and frauds. And one particular case changed a frivolous style of sports betting in the USA.
It was the year 1919 when one of the most talked-about frauds in the history of sports occurred. The strongest baseball team of that time, the Chicago White Sox, was caught throwing a series of super important games during the World Series. Bookmakers (who had a reputation as gangsters) bribed top players so they would lose to the Reds, which eventually happened. Newspapers placed photos of players on front pages which said: “Fix these faces in your memory. Eight men charged with selling out baseball.”
Was one unfortunate event enough to shut down a powerful sports betting empire? Of course not! This case was just a starting point. Sports betting was still flourishing. However, everybody kept the ‘Black Sox’ (as the group of disreputable athletes was called in the media) situation in mind and the field of betting wasn’t as strong and eminent as it used to be. The next turning point involved the rise of the Italian-American mafia in the 1960’s. These overly-influential mobsters practically occupied the market of sports betting and took full control of all gambling establishments. And despite the fact that all kinds of sports wagering were forbidden by a federal law in 1961, it didn’t help much.
People still were gambling, the only difference was that, from that moment, they were engaged in illegal activities. Only New Jersey decided that gambling was in their blood and held a referendum. It was agreed that gambling activities would be narrowed down to Atlantic City. Finally, the year 2018 greeted us with a full legalization of sports betting. Cheers to that!
If gambling was a TV show, it would break all the pay-per-view records… Because what was once “Forbidden fruit” now looks like a game with worldwide appeal! The more time goes on, the more countries plunge into gambling, and the more people are playing games of chance. Gambling has turned into a cult that manages […]
Just when you naively thought that we would offer you a mega-interesting article which will include all those inspiring casino stories about famous gamblers who went from rags to riches. Oh no, did we just lie to you and none of this is going to happen here? Hold on; we included a phrase `break a bank` […]
Nowadays, table games and slot machines all have the possibility of merging into our daily lives, as the number of those, who prefer to pass the time in the cyber realm, is continually increasing. Nevertheless, some conservative customers of gambling establishments are afraid to be geared to virtual gambling. This anxiety is mostly driven by […]
Ken Uston is one of the most famous blackjack players in history, but how did he become the best? In this article we will disclose all details about this true blackjack legend, how he made his fortune, and even how he met his untimely death! How Ken Uston Became a True Blackjack Legend In the […]
We can only imagine what casino employees have to put up with all the time. What they see and hear every day is sometimes beyond imagination: drunken fights, hookups in the corner, weddings, split-ups – all this can just be way too exhausting for an ordinary person. And on top of all this, they have […]
Those who enjoy gambling online and use cryptocurrencies should visit some of the major events of 2019 that are dedicated to crypto games. There’s nothing better than some great discussions with the leading specialists of the crypto gaming industry about current and future trends. Cresting the wave in the deep sea of crypto gaming is […]
Since the very beginning of the cryptocurrency era (its exact launch date is still disputed, though), it was clear that crypto-money as such was set to conquer as many areas of use as possible. The rule is that when the theoretical benefits of using cryptocurrency for this or that practical purpose becomes apparent, then it […]
The boom in mobile gaming apps is just one of the examples of modern technology’s impact on people’s everyday lives. Mobile apps are gaining ground globally, advancing and forthputting in every possible way and area of implementation. It looks like whatever use of our mobile devices we could even theoretically think of — sooner or […]