CEO of AGA predicts the next U.S. president will legalize sports betting

Geoff Freeman, CEO of the American Gaming Association, predicts that the next president of the United States will legalize sports betting, to determine the activity is not limited to just a few states.

 

 

The reason behind this is the overwhelming amount of illegal sports betting in the United States, with an estimated market of $148.8 billion. The casino industry’s top lobbying group is campaigning for amend to current federal law pertaining to the activity. The lobbying group predicts sports betting to be legal within 5 years.

 

 

Freeman said in Pittsburgh last week: “The next president is going to have that issue of legalizing sports betting on their desk, and I’m confident they’ll make the right decision.”

 

 

AGA’s numbers came out that it estimated around $9.2 billion was bet on March Madness this year, with only $262 million of that amount coming at regulated and licensed sports books in Nevada, meaning less than 3% of the betting is legal. Freeman responded to this: “It’s time for a fresh, rational approach to sports betting that reflects reality.”

Recent Posts

Sportsbet.io and Southampton extend their partnership

Southampton Football Club have announced the extension of its partnership with the Coingaming Group as Main Club Partner. With the…

5 days ago

Wyoming passes House Bill 133, allowing online sports betting and becomes first state to allow cryptocurrency to fund accounts

This week, Wyoming passed a House Bill that would legalize online sports betting in the state and it joined a…

1 week ago

Media powerhouse David Levy appointed Chairman at Genius Sports

Genius Sports has appointed sports industry pioneer David Levy as its new Chairman. In his new role, Levy will lead…

4 weeks ago

Unibet offering Gamban self exclusion tool to its US players

In a press release this morning, Kindred Group announced that it has partnered with Gamban to offer Unibet’s US customers…

1 month ago

UK announces reopening of betting shops; BGC lobby to delay Grand National

With the UK government announcing their roadmap towards ending its restrictions by end of June gradual reopening of businesses. English betting…

2 months ago

Betway to enter US Market

Digital Gaming Corporation (DGC) and Betway have partnered up in an order to set their first steps together in the…

2 months ago