Professor John Wolohan Addresses American Sports Gambling with The Daily Caller
Americans Are Betting On Sports In Record Numbers. Here’s What It Means.
(Daily Caller News Foundation | Oct. 5, 2021) Legal gambling in the U.S. has surged since 2020, with revenue and profits shattering previous records with more states pushing for legalization.
In Q2 of 2021, revenue from commercial gambling exceeded $13.6 billion, crushing 2019’s Q3 record by 22.5%, according to data from the American Gaming Association (AGA). Q2 2021 revenue increased almost 500% compared to the second-quarter of 2020 ...
The AGA reported $6.7 billion paid in gaming taxes to state and local governments in 2020, down 34% from 2019. The sharp drop was due to the pandemic and COVID-19 restrictions.
Legal sports gambling also protects the integrity of the sport, John Wolohan, professor of sports law at Syracuse University, told the DCNF.
“Legal sports gambling brings everything above board. Now, if you were looking at the integrity of the game, you can follow where the money was going,” Wolohan told the DCNF. “The casinos can look at where every specific bet goes and recognize if there are unusual trends in bets placed" ...