Comprehensive legislation led by New Jersey congressman Frank Pallone to repeal the federal ban on sports betting in the U.S. has been introduced under the Gaming Accountability and Modernization Enhancement Act.
The Professional and Amateur Sports Protection Act of 1992 (PASPA) is a vestige of the past that continues to plague the efforts of legislators attempting to bring the United States into the 21st century, vis a vis sports gambling. Although the underground illegal betting market continues to swell, as Americans’ appetite for betting on games borders on insatiable, there has been little political collateral to be gained by legislators looking to open the floodgates and legalize an industry that has slowly but surely shed the stigma of a shadowy history.
However, social mores have changed, and the tax revenue that would be generated from this booming subculture has proven irresistible to state legislators whose job must be to first eliminate the federal hurdle that is PASPA and then carve out state legislation legalizing online sports gambling in their state. Representative Frank Pallone (D-NJ) is at the legislative vanguard of legalizing sports gambling through the recently introduced Gaming Accountability and Modernization Enhancement Act or GAME Act.
"Despite the federal gaming laws in place today, Americans are betting up to $400 billion a year on sporting events alone," stated Pallone. "It's time to recognize that the laws are outdated, and the GAME Act will modernize them by increasing transparency, integrity, and consumer protections."
American Gaming Association president and CEO Geoff Freeman remarked, "President Trump will have sports betting legislation on his desk during his term."
The elimination of PASPA and the introduction of the GAME Act would pave the way for individual states to determine whether online sports betting will be allowed inside its borders. There are currently hundreds, if not thousands, of online sportsbooks operating outside the United States but there are no consumer protections for those U.S. citizens who wish to wager with these offshore bookmakers. The industry’s top watchdog for those is Sportsbook Review, which has been separating the wheat from the chaff, and everything in between, for well over a decade.
Will the GAME Act become law soon? Likely not. Congress and President Trump have bigger things on their plates, such as trying to pass a new health care law, building a potential border wall with Mexico, the Russia investigation and the mess resulting from the firing of FBI director James Comey, among other more pressing issues.
So until/if the GAME Act becomes law, U.S. citizens outside of Nevada will have to continue practicing their multi-billion-dollar hobby betting at SBR's top-rated sportsbooks.