An Overview of Sports Betting Regulation in the United States

10 Pages Posted: 22 Nov 2017

See all articles by Brad R. Humphreys

Brad R. Humphreys

West Virginia University - Department of Economics

Date Written: November 20, 2017

Abstract

The United States employs an ad hoc, unconventional method of regulating sports betting, banning it almost everywhere while granting a monopoly to firms in a single state, Nevada. This approach encourages illegal sports betting markets, ignores negative externalities, and generates welfare losses among the large population of responsible recreational gamblers. I review the current state of sports betting regulation in the U.S. and assess its economic viability in advance of the Supreme Court of the United States decision on the landmark Christie v. National Collegiate Athletic Association case.

Keywords: Sports Betting, PASPA, UIEGA

JEL Classification: K23, L83, Z21

Suggested Citation

Humphreys, Brad R., An Overview of Sports Betting Regulation in the United States (November 20, 2017). Available at SSRN: https://ssrn.com/abstract=3074627 or http://dx.doi.org/10.2139/ssrn.3074627

Brad R. Humphreys (Contact Author)

West Virginia University - Department of Economics ( email )

Morgantown, WV 26506
United States

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