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85% of Americans Support Supreme Court Decision to End Federal Sports Betting Ban

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85% of Americans Support Supreme Court Decision to End Federal Sports Betting Ban

 

American support for legal sports betting has grown significantly since the federal ban on sports wagering was lifted in 2018, according to new American Gaming Association (AGA) research. Key findings show:

  • 85 percent of American adults agree with the Supreme Court’s decision to strike down the Professional and Amateur Sports Protection Act (PASPA), compared to 63 percent in 2019.
  • 77 percent of American adults support legalization in their state of residence.
  • 39.2 million American adults have placed a traditional sports wager in the last 12 months.
  • 78 percent of bettors place all or most bets through regulated operators.
  • 77 percent of online sports bets are now placed through regulated operators, compared to just 44 percent in 2019.

“American adults have always enjoyed betting on sports, and overwhelmingly value the ability to bring their action into a legal market, close to home,” said AGA President and CEO Bill Miller. “The rapid spread of legal sports betting—fueled by regulated, responsible entities—has contributed to communities and established consumer protections by migrating betting away from the illegal market monopoly that PASPA perpetuated.”

Since May 2018, Americans have legally wagered $220 billion nationwide, generating $3 billion in state and local taxes for education, healthcare, infrastructure, responsible gaming and problem gambling resource funding and more.

Bettor Migration to Legal Sportsbooks

As the legal market grows, it is increasingly attracting and retaining customers from illegal bookies and offshore operators:

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  • Nearly half (46%) of bettors that currently bet primarily with unregulated operators plan to transition to regulated operators within the next 12 months.
  • Nine in 10 (90%) bettors who place most of their bets legally intend to stay within the legal market in the next year.

Among the top reasons bettors are choosing legal operators over illegal operators are confidence bets will be paid out (71%), trust in account security and easier payment options (68%), and availability of responsible gaming resources (58%).

Consumer Awareness

Compared to five years ago, consumers have a significantly better understanding of the legal status of sports betting in their state, however, survey results also point to continued need for consumer education:

  • Only 29 percent of American adults say they are unsure of the legality of online sportsbooks in their state, a 45 percent decrease since 2018.
  • Yet, 70 percent of sports bettors who placed most of their bets with illegal operators believed they were betting either exclusively with legal sportsbooks or splitting their bets evenly between legal and illegal operators.  

Consumer confusion is in part attributable to illegal offshore sites misrepresenting their legal status by marketing themselves as regulated sites. Among online sports bettors, they believe a site is legal based on a statement on the website (38%), odds being mentioned by the media (36%), and search results (32%).

“Five years post-PASPA, the AGA and our members continue to support responsibly expanding the legal market while cracking down on predatory illegal operators,” continued Miller. “The regulated industry and our partners across the entire ecosystem—policymakers, law enforcement, regulators, leagues, media, technology providers and more—have made significant strides in our collaborative consumer education efforts since 2018, and we will continue to find new ways to enhance consumer protections as the market matures.”

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Slott: New Trusted Player in the World of Modern Casinos

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lott was designed to offer superb gameplay and best-in-class user-centricity emphasising social interaction, community development, and a system of motivation through regular performance rewards, which guarantees continuous player involvement in the process.

In 2024, an innovative product joined the world of online gambling: the Slott platform. Slott is more than just another casino — it’s a fully-fledged gaming platform with its bonus engine and unique solutions that have been proven in practice. Slott was designed to offer superb gameplay and best-in-class user-centricity emphasising social interaction, community development, and a system of motivation through regular performance rewards, which guarantees continuous player involvement in the process.

The creators of Slott have set an ambitious goal: to become the leading global online casino. Slott’s mission is to revolutionise the world of online gambling by introducing a unique online gambling platform that includes seamless deposit mechanisms that uphold security and transparency. The platform provides an exciting and secure gaming environment.

Slott is now available on both desktops and mobile devices, allowing users to enjoy games wherever and whenever they want. The platform has been developed by a highly qualified and experienced team of product designers and developers to deliver its players a truly unique experience.

Slott plans to significantly expand the product variety by the end of the year; the platform expects to feature 10,000 games and cooperate with 200 providers. In addition, a sportsbook will become available, while unique in-house developed games are already available to users!

Slott started working with fiat currencies in Q2 of 2024 and has already added support for cryptocurrencies. The platform will offer betting options for gaming and casino, regular promotions and a VIP program.

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Slott is not a startup but the result of years of experience in launching casinos and developing igaming products that have been successfully operating worldwide, including in Europe, Asia, and Latin America, for many years. Slott’s creators bring their combined experience to the project, thus ensuring the reliability and prospects of the new platform.

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Industry News

SharpLink Gaming Announces Strategic Alternatives Process

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SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), an online performance-based marketing company serving the U.S. sports betting and iGaming industries, today announced that its Board of Directors (“Board”) has initiated a formal review process to evaluate strategic alternatives for the Company. The Board and management team are taking a measured approach to considering multiple proposals that have been received by the Company and other proposals it expects to receive.

SharpLink has been exploring strategic alternatives that include, but are not limited to, a sale, merger, strategic business combination or other transaction. SharpLink has not set a deadline or definitive timetable for completion of the strategic alternatives review process and there can be no assurance that this process will result in the Company pursuing a transaction or any other strategic outcome.

Rob Phythian, Chairman and CEO of SharpLink, stated “With the strategic sale of our fantasy sports and sports games development businesses in January 2024 to RSports Interactive for $22.5 million in cash and the elimination of all of our interest-bearing debt, coupled with the subsequent redomestication of our Company from Israel to Delaware and the appointment of a new Board comprised of truly world class business executives, SharpLink has transformed into a pure-play, Nasdaq-listed affiliate marketing company with a strong, clean balance sheet. As part of the Board’s efforts to evaluate strategic alternatives, it is advancing discussions with those prospects that we believe offer SharpLink the best opportunities to optimize our existing business operations, drive growth and create and maximize value for our shareholders.”

SharpLink does not intend to make any further public comment regarding the review of strategic alternatives until a definitive agreement has been executed or the Company determines that disclosure is required by law or otherwise deemed appropriate.

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ACR POKER NAMES NEW SUNDAY TOURNAMENT AFTER POKER LEGEND CHRIS MONEYMAKER

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ACR Poker, the popular online poker site, is launching a new weekly tournament in honor of former world poker champ and ACR Pro Chris Moneymaker. It starts on Sunday, July 28th.

Known for his historic 2003 World Series of Poker (WSOP) Main Event win, Chris Moneymaker continues to inspire poker players worldwide. His victory, famously known as the “Moneymaker Effect,” showed that anyone could become a poker champion by starting online. The Sunday Moneymaker tournament is a tribute to his legacy and offers players the chance to turn ordinary. experiences into something extraordinary.

The Sunday Moneymaker tourney ($109 buy-in) is a rebrand of ACR Poker’s staple Sunday Warmup, with even more money on the line. There’s a $300,000 guarantee every Sunday at 1:05pm ET, except the last Sunday of the month where it’s bumped up to $500,000. Players can compete for life-changing prizes every week, with approximately $45,000 for first place in the $300,000 GTD tourney and $75,000 in the $500,000 GTD event.

“I’m thrilled to have an ACR Poker tournament named after me and be part of this budget-friendly, big weekly event,” stated ACR Pro, Chris Moneymaker. “Just like the recent Moneymaker Experience, where players won a VIP trip to join me in Vegas, this tourney is designed to give poker players the opportunity to experience their own ordinary-to-extraordinary moments.”

The first Sunday Moneymaker is on Sunday, July 28th at 1:05pm ET with the supersized $500,000 guarantee. Players can qualify through the two Mega Satellites that day at 10:05 am ET that have 50 seats GTD ($11 buy-in) and 75 seats GTD ($22 buy-in), respectively.

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Moneymaker added that there is a Mega Satellite in the hours before every Sunday Moneymaker tourney. And there is a path to qualify for each that starts with a freeroll (50) and goes to Micro Hyper Sats ($1.05, $2.10).

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