An Overview of Sports Betting Regulation in the United States
10 Pages Posted: 22 Nov 2017
Date Written: November 20, 2017
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: Suggested Citation