Sports Betting Laws – What You Need to Know About Official Betting Laws

Uncategorized Feb 24, 2024

After the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, legal sports betting has expanded across the United States. More than 30 states now have some type of legalized sports gambling. The industry is booming with more sportsbooks opening, and major players establishing themselves.

In order for a bet to be considered official, the outcome of a market must meet a number of criteria. These include a valid score or result and the correct venue for the game. In some cases, this information is provided by a governing body for a specific sport, while in other markets it’s simply the result of trusted data sources.

For example, a bet on a first goalscorer market will stand as long as the match is played to its full conclusion, including any overtime. However, a reschedule or ground change will see all bets on this market be void unless they have already been settled.

College-age student-athletes are especially susceptible to developing problematic betting habits, and the NCAA has taken steps to help prevent this from happening. In 2023, the organization launched its first e-learning module that educates current and prospective student-athletes about responsible sports gambling.

In addition to this new e-learning tool, the NCAA has also begun putting more focus on responsible sports gambling through its own partnerships with betting sites. This includes the establishment of sportsbooks in stadiums where the teams play, which are open for business on game days. This year, there is one sportsbook in the NFL’s Lincoln Financial Field and another in Denver’s Mile High Stadium.