An Overview of Sports Betting Regulation in the United States

Brad Humphreys

No 17-31, Working Papers from Department of Economics, West Virginia University

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 (search for similar items in EconPapers)
JEL-codes: K23 L83 Z21 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2017-11
New Economics Papers: this item is included in nep-law and nep-spo
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