New Sports Betting Policy Principles Revealed by the AGA
The American Gaming Association has posted new principles in regards to legalized sports betting for the United States.
In the United States, there are several operating groups that provide regulation assistance as well as rules for the gaming industry. On a state and federal level, these groups are activated in order to provide a stable and fair gaming environment for citizens of the US. There are many gaming options to choose from in the United States, depending on where you live. While some have access to lottery gaming, others have casinos, poker and even sports betting.
Speaking of sports betting, the only state that offers single game wagering currently is Nevada. The state of Nevada was one of only four that were grandfathered in when the Professional and Amateur Sports Protection Act was enacted in 1992. Since that time, other states have wanted to get in on the sports betting action but the federal government refuses to make changes to legislation. However, this year, it seems could be a turning point as such states as New Jersey are fighting to see federal sports betting a reality. In the meantime, the American Gaming Association has just released four principles for sports betting to show their view of the activity in the US.
Yesterday, the board of the AGA ratified their view of how the gaming industry should be providing legal betting for sports events in the US. In 2015, the AGA decided they were now for sports betting and since that time, the group has fought to see the PASPA prohibition changed and sports betting allowed across the board.
Three of the four principles released by the AGA are basic. The principles would see that proper licensing is obtained by sports betting operators as well as regulations put in place and followed. The goal is to create a transparent business where law enforcement can easily ensure that operations are running smoothly and according to regulations set forth by individual states. Betting tax limits will need to be fair so players will not seek outside sources for sports betting on the black market.
Leave It Up To the States
The fourth principle provided by the AGA would leave the decision to offer legalized sports betting up to the individual states in the US. This is a similar approach to sports betting that New Jersey would like to see take place and have been fighting for over the past few years. However, the professional sports leagues have other ideas. Adam Silver, the commissioner of the National Basketball Association has stated that he would like to see the federal government name the sports betting rules for the entire nation.
Geoff Freeman is the CEO Of the AGA who stated that the group’s stance in general calls on Congress to repeal the PASPA and replace the measure with a framework that contains minimum standards for sports betting regulation. Once this is in place, the states would be able to make the decision to opt in and offer sports betting within their borders.
Several states already want to opt in if/when PASPA is repealed. Pennsylvania is the most recent state along with New Jersey and a few others. One could imagine that even more states would opt in if the option became available. Freeman has stated that he feels the stars are aligned for the PASPA legislation to be repealed and has suggested that the event could take place within the first term of the new president’s administration. It will be interesting to see if this comes to fruition and which states are the first to implement regulations to begin offering sports betting.