After a long fight, the US Supreme Court finally overturned the Professional and Amateur Sports Protection Act (PASPA) in 2022, allowing states to regulate their own sports betting laws. This allowed sportsbooks to operate legally in the United States, and sparked the creation of daily fantasy sports contests as well.
In addition to the standard bets such as moneylines, spreads and parlays, NFL sports betting offers a variety of prop bets that let players have a vested interest in specific outcomes. These bets often have longer odds and can yield large payouts if a player is able to make the correct picks. These include NFL props such as receiving yards, touchdowns and quarter by quarter scores.
Besides betting on individual games, it is also possible to place wagers on future events. These bets are referred to as futures and are typically placed on an event that will take place in the near future, such as a team winning the World Series; a country winning soccer’s World Cup; or a golfer winning the Masters tournament. Futures bets tend to have lower margins than straight bets, meaning that the odds of winning are higher.
New Jersey was one of the first states to legalize sports betting following the Supreme Court ruling, and retail sportsbooks started operating in June 2018. Online betting launched in September, with DraftKings and FanDuel offering a full menu of options alongside SugarHouse and BetRivers. New Hampshire’s sportsbook operation is overseen by the state lottery and partnered with DraftKings, while North Carolina’s sports betting is currently limited to in-person wagering at casinos and should launch online in early 2024.