The 2018 Supreme Court Ruling That Unleashed America's Sports Betting Boom
By
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8mo ago· 14 min readenInsight
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Summary
Since the 2018 Supreme Court ruling that repealed a 26-year federal ban on sports betting, the US has experienced an unprecedented gambling boom. Annual sports wagering has surged from $5 billion to $150 billion, with 58% of college students and 50% of men under 50 now participating. Nearly every aspect of sports games is now bet on, yet 95% of users ultimately lose money. The article explores the legal, political, and cultural story behind this transformation.
Key quotes
· 3 pulled58% of college students have bet on sports.
50% of all men below 50 have an online sports betting account.
95% of users lose money on sports betting.
In 2018, the Supreme Court repealed a 26-year federal ban on sports betting. This ruling unleashed the biggest gambling boom in America’s 249-year history. How did that happen?
