US Market

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Sonny
Posts: 8
Joined: Tue Oct 26, 2021 11:34 am
Location: East of England

29332.jpg

Source: https://www.statista.com/chart/29332/gr ... in-the-us/

"Five years after the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), sports betting continues to boom in the United States. According to the American Gaming Association, gross gaming revenue from sports betting, i.e. total wagers minus winnings, amounted to $10.9 billion in 2023, shattering the previous record set the year before. In total, Americans wagered almost $120 billion on legal sportsbooks last year, up from $93 billion in 2022. According to the AGA, last year's growth was driven by continued maturation of existing markets as well as several new markets, including Massachusetts and Ohio.

Following its enactment by Congress in 1992, PASPA had effectively banned sports betting everywhere except for Nevada (and three other states that had certain betting games grandfathered in). In 2012, former New Jersey Governor Chris Christie signed a law allowing betting on professional and amateur sports at New Jersey casinos and racetracks, after which all major sports leagues had sued Christie for violating PASPA. The lawsuit resulted in a long legal battle, which culminated in the Supreme Court’s decision to strike down PASPA in May 2018."


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What's the best (legal) interface with this developing American market from outside the US?
(Exchange or sportsbook)

Is it Betfair or are others available for us with higher volume?
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