Sports Betting In
Two years after a landmark decision by the United States Supreme Court, the growth of the new legal sports betting market has exceeded many stakeholders' expectations and dramatically altered the relationship between sports leagues and the gambling industry.
More than $20 billion has been bet with U.S. sportsbooks since the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992 on May 14, 2018. The federal statute, commonly referred to as PASPA, had restricted regulated sports betting to primarily Nevada for 26 years, before being ruled unconstitutional.
Two years after the Supreme Court ruling, sports betting's growth is the U.S. Has been substantial, with more than $20 billion wagered at legal sportsbooks. Feb 05, 2021 Legal sports betting is here in the United States. After the US Supreme Court struck down the federal ban on wagering outside Nevada in 2018, states started to move quickly to legalize and regulate sports wagering. Read on for more information about legal US sports betting. As of February 2021, legal sports betting is up and running in 20 states and the capital, with Virginia becoming the 20th state to unveil its operations last month. Another five states have.
Eighteen states -- representing just over 30% of the U.S. population -- now have regulated sports betting markets, with several more on deck. The District of Columbia, North Carolina, Tennessee, Washington and Virginia have passed legislation, and 16 additional states have active sports betting bills, according to the American Gaming Association. In the coming years, industry authorities expect more than half the states in the U.S. to offer legal sports betting.
Jan 26, 2021 It remains to be seen what form mobile sports betting could take in The Empire State, but the Governor’s change of stance on the topic certainly bodes well for New York sports betting. According to State Senator Joseph Addabbo, the senator spearheading the campaign to bring mobile sports betting to New York, there is a possibility that mobile. A Sports Betting Preview by Niko Eintracht Frankfurt v Hertha Berlin Football; Germany: Bundesliga Deutsche Bank Park – Frankfurt Saturday, 30th January 2021 - kickoff 15:30 CET Eintracht Frankfurt.
Twelve states have approved full-scale online sports betting, including in Tennessee and Virginia, which will offer online wagering only. Of the $4.6 billion bet with New Jersey sportsbooks in 2019, approximately 84% of it was placed online.
Jeremy Kudon, a prominent lobbyist who includes professional sports leagues and gaming operators among his clients, said the speed and growth of the betting market -- especially online -- has been 'extraordinary.'
'I would have lost a lot of money, if I was given a chance to wager on whether non-gaming states, like Tennessee, Virginia and New Hampshire would legalize mobile sports betting in these first two years,' Kudon, a partner at the firm Orrick, Herrington & Sutcliffe, told ESPN.
The major players in the U.S. gambling industry are changing, too. FanDuel and DraftKings, two companies who made their mark in daily fantasy sports, are now full-fledged bookmakers and online casino operators, who have earned giant shares of the New Jersey market, well ahead of more traditional gambling companies like MGM Resorts and Caesars Entertainment.
As the market grows, however, problem gambling experts are concerned that states are not considering the potential harm caused by addiction. An analysis by the National Council on Problem Gambling (NCPG) showed nine states that recently authorized sports betting did not dedicate any new funding to problem gambling services.
'Research indicates that anytime we introduce a new form of gambling we will simultaneously bring additional problems and concerns, thus requiring additional dollars,' Brianne Doura, legislative director for the NCPG, told ESPN. 'It is our stance that all stakeholders bear the responsibility to contribute to the research, prevention, treatment, and recovery of gambling addiction. If you profit from legalized gambling, you share the responsibility to pay for the negative consequences that can come from it.'
As new stakeholders in the gambling industry, the NFL, Major League Baseball and the PGA Tour are members of the NCPG, as well as the NBA's Portland Trail Blazers. The leagues have quickly pivoted from their long-held objection to sports betting and are now actively participating in the industry, with sponsorship and marketing partnerships with gambling operators. The cooperation is likely to increase.
'I don't know if this is a specific trigger, but I would say that trajectory, even pre-COVID, had shown a level of willingness [from the sports leagues] to engage and at least understand what the industry is all about,' Matt Primeaux, president of sportsbook operator FOX Bet, said. 'I would expect that to continue.'
Fox, Barstool Sports and the Score are among the media companies that have or will soon launch branded sportsbooks. ESPN has a sports betting-focused partnership with Caesars Entertainment, and CBS Sports has partnered with sportsbook operator William Hill U.S.
All stakeholders will be playing close attention to state legislatures that may accelerate sports betting initiatives to generate new revenue to help mitigate losses caused by the pandemic. On Wednesday, the New Jersey Division of Gaming Enforcement reported $2.6 million in sports betting revenue in April, an 87.6% decrease from April 2019.
'When legislatures return in earnest, we firmly believe the number of states ready to consider accelerating mobile sports betting and online gaming legislation to drive tax revenue will expand substantially,' Matt King, CEO of FanDuel, told ESPN. 'And we also see the industry recognizing this is a unique moment in time, and working more collaboratively to set aside minor differences and get bills across the finish line. Across the board, it's a time for pragmatism, and we see that producing a real opportunity for significantly expanding the map.'
- Werder Bremen and Eintracht Frankfurt will each play their fifth game back from the coronavirus suspension.
- Eintracht Frankfurt is favored to win with +145 odds.
BREMEN, Germany – As the German Bundesliga is still getting back on their feet from the two-month coronavirus shutdown, Werder Bremen and Eintracht Frankfurt are set to face off.
The German Bundesliga paved the way for soccer’s return as they became the first major European league to return to action.
The league's return has not come without safety measures, however. There will be and have been no fans in attendance at any of the leagues remaining games of the season. There will also only be essential staff allowed at the games.
Werder Bremen Vs. Eintracht Frankfurt Line Preview
While both teams do not have impressive records, Eintracht Frankfurt does have the upper hand at online sportsbooks. They are favored to win with +145 odds while Werder Bremen is set at +190.
The odds for a draw between the two are at +250.
The two teams have faced off twice before in which the first outcome was decided by a 2-2 draw and the second saw Eintracht Frankfurt take the victory 2-0.
Having won one of the meetings definitely could be a reason that Eintracht Frankfurt is favored but could prove wrong.
In their last five games, Eintracht Frankfurt has gone an unimpressive 1-1-3 while Werder Bremen has managed to gain some traction having gone 2-2-1. Bettors looking to take advantage of Werder Bremen’s longshot situation could be happy with the payoff.
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Looking at the team points Werder Bremen’s over/under is set at 1.5 with the under being favored at -145 and the over at +125. In their last five games they have only scored over 1.5 points once, so it would be safe for bettors to take the under.
As for Eintracht Frankfurt, their over/under for points is also at 1.5 with the under also favored but at -135 and the over at +115. For those risk-taking bettors, the over would not be a bad bet as in their last five games, they have scored over 1.5 points three times.
For the game’s total points, oddsmakers have set the over/under at 2.5, 3 with the over favored at -111 and the under at -109.
The over could be seen as a tricky bet to make but bettors should keep in mind that in one of their previous meeting’s they beat the over mark. Also, Eintracht Frankfurt has hit the over mark in their last six games.
Whether it is a two-team effort or not, betting the over on the point total would leave bettors smiling.
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Werder Bremen Vs. Eintracht Frankfurt Prop Bets
There are plenty of soccer prop bets to choose from during the matchup.
One prop bet, in particular, is if both teams will score. The odds are favored for both teams to score with -180 odds while the odds of only one team scoring are at +150.
In each of their last five games, both Werder Bremen and Eintracht Frankfurt have scored in four of their games. Bettors can expect both teams to have scored at least one goal.
Another prop that could entertain bettors could be which team is going to be the first to score.
Eintracht Frankfurt is favored to hit score first with -125 odds while Werder Bremen is at +100 odds to score first. There are also +1200 odds for their being no goals scored.
Again, bettors who are looking to take a risk here can do so while betting on Werder Bremen as they have scored the first goal in three of their last five games while Eintracht Frankfurt has only scored the initial goal once.
Whether betting the moneyline or jumping on some Bundesliga prop bets, be sure to lock in those bets before the 2:30 p.m. EST kickoff.
Samuel decided to get into writing 6 years ago when he first started his college career at Florida State University. After declaring a major in Editing, Writing and Media, Samuel had found his passion for writing. During his free time, he could be found writing about, watching or playing sports.