This year one major decision might change the gaming industry in the united states and turn its direction of development in a whole new direction with the help of the US Supreme Court. Its ruling regarding the sports betting legalization has the potential to give green light to many companies to legally develop their operation within the states which opt for regulating the sector. In the meantime, the management of Major League Baseball is taking matters into their own hands and aiming to educate all players and coaches about the betting practices.
It is not a secret to anyone that sports betting exists within the United States and this is a practice which has been ongoing for quite some time now. It is considered legal activity only in the states of Nevada, Oregon, Delaware, and Montana, meaning that players who want to bet in the rest of the states have to do it illegally via bookies. This practice brings considerable harm to the industry in general as the players’ money sink into the murky waters of the illegal sports betting sector.
The lack of proper regulation leaves the betting enthusiasts’ right unprotected, which is why the industry is looking forward to the legalization of the gambling activity. In the months leading up to the legalization the Major League Baseball has taken upon itself to provide its players, coaches, and umpires with the necessary information pack regarding the sports betting practices and how they have the potential to affect them in the long run. There is the chance that the 25-year-old federal law that largely prohibits sports bets outside of Nevada could receive a strike down.
Future Prospects for the Sports Betting Field
For the time being an exact date for the Supreme Court has not been announced, but the official shift towards legalizing sports betting could coincide with the middle of the season. The only thing sure is that by the month of July the industry should have an official decision made and the entities operating in the sports betting field will have the chance to expand their operation across more states.
Throughout the period leading up to the potential legalization of sports betting, MLB is working hard to educate individuals within its structure and prepare them for what’s to come.
In relation to the betting on baseball games, all individuals should be well-informed regarding points shaving and other specifics which come with betting on sports. The overall preparation for the ruling has been in progress for quite some time, as neither of the major US sports leagues wants to leave this for the last possible moment. This process includes studying analytics that monitor betting data as well as researching the opportunities in the sector. Among them are future partnerships and business opportunities which could secure steady inflow or revenue.
Over the span of the last several months both NBA and MLB have been actively working towards accomplishing their goals when it comes to the future sports betting sector and this includes popularizing their preferred operation model across the states which are likely to first jump on the bandwagon. They have been introducing their preferred model of operation to legislators and searching for the best economics solution which could be applied.