Opportunity Abounds: Sports Betting in Indian Country will evolve naturally and be profitable for the smartest operators
Since the repeal of PASPA (Professional and Amateur Sports Protection Act) in May 2018 through the Supreme Court decision in Murphy v. NCAA, United States markets have pushed forward to legalize sports betting.
Thirty U.S. jurisdictions have legalized sports betting and more than 22 of those are now operational. Many of the remaining states provide strong opportunities for tribal communities to take advantage of this expansion.
While opportunity abounds for tribes in sports betting, it’s about getting it right, not speed to market. One of the main reasons PASPA was overturned was because of states’ rights issues. Each state will take its own approach to how sports betting may fit into its existing gaming product.
In some cases, sports betting might not be incorporated at all.View Full Article