Sports betting in the U.S. is legal in some states but is illegal in others. If you are interested in betting on sports, there are a number of important things you need to know. Legalization of sports betting, types of bets available, and potential problems with sports betting are just a few of the questions you need to ask.
Legalization of sports betting in the U.S.
While the specter of legalized sports betting has long hovered over American cities, it has finally come to fruition in several states. The first state to legalize sports betting was Illinois, which did so two days later. It also allowed multiple operators to open sports betting accounts for its residents online. Though the state does not permit player props, it does allow betting on game outcomes. In addition, the state’s casino gaming rules have been revised and expanded in anticipation of legalized sports betting. In addition to Illinois, several neighboring states have also taken this step.
In Nevada, sports betting has been legalized since August 2018. In person wagering will start in 2021, while online betting will be legal in October 2021. Some casinos already offer in-person wagering, but the state lottery plans to launch its own sports book in the state in 2022.
Problems associated with sports betting
The expansion of online sports betting, combined with its availability 24/7, has increased the risk of gambling-related harm. This danger is further heightened by risky beliefs that can lead to unhealthy gambling behavior. Among the most common risky beliefs that sports bettors adopt is the false belief that skill is more important than luck. These beliefs are a reflection of a false sense of control and are associated with a higher rate of problem gambling.
The NFL has taken steps to reduce the risks of sports gambling. It has partnered with NCPG, an organization that is dedicated to reducing gambling-related harms. According to the organization, 5.1 million Americans experience a gambling problem every year.