In an attempt to reform the sports betting law, PASPA likely to be banned

The U.S. House Energy and Commerce Committee has put forward a draft called the Gaming Accountability and Modernization Enhancement Act (GAME Act) and if enacted it would abolish the Professional and Amateur Sports Protection Act (PASPA) to allow sports betting both online and in the brick-and-mortar casino setting.

Rep. Frank Pallone (D-NJ) stated: “Despite the federal gaming laws in place today, Americans are betting up to $400 billion a year on sporting events alone”.

 As of now, Nevada is the only state with traditional sports betting, where a record of $4.5 billion was put in the bet at the state’s nearly 200 sports books last year.

Previous attempts to legalise some kind of nationwide framework; for online gaming have been made by Congress. Sports betting and poker have gone in the opposite direction over the recent years in terms of popularity in Nevada. This would help the Industry to crack down the massive sports betting black market.

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