Sportsbetting is one of the oldest pastimes in the gambling industry, and it tends to flare up and pick up in popularity whenever a big event is around the corner. In this case, it’s the biggest it could be, with the start of the Olympics just a few days away. In the United States of America, players used to have to take a trip to Vegas if they were ever in the mood to make a bet on a sports event, but as of 2018, the laws have been changed, eliminating the 1992 federal law, which banned sports betting.
The ban was initially implemented to curb any tampering to the actual sporting events; sports betting was seen as taboo for many years, and in just one swoop, that all changed, and now all high ranking professionals hold official betting partners. Most sporting events advertise some sort of offering at some stage.
In 2018, just a few months after the Winter Olympics, held in Pyeongchang, South Korea, the sports betting ban was overruled. Now with the Tokyo Olympics starting on the 23rd of July, sports enthusiasts will be able to partake in the wagering for the first time without having to venture to Las Vegas.
Many US gamblers now have the freedom to place bets from just about anywhere, with the option of a fast and efficient online site, giving players access at all times. With most states jumping on board, sports betting is entirely legal in 16 states and the District of Columbia, with a further nine that are still processing the changes of legalization.
With the new rules in place, the sports betting industry has taken off in America, broadening the player pool drastically and improving the profits of the players and professionals. Although sports betting is now legal in most of America, there are still laws that need to be followed. Certain states have legalized sports betting, but all betting needs to be done in person at a casino or stadium. Another rule that is applicable throughout the United States Of America is the legal gambling age, which is currently 21.
The change in laws is put down to one thing, and that is profit! With sports betting open to most, millions of US gamblers can now bet on sporting results, upping the hype of the game games and creating a new industry to increase the profits of the professionals.
Out of all the bets placed, won or lost, the one to make the most is always the person handling the bets! Besides the well-paid athletes that put on the show for the spectators, the winners surely are the sportsbooks and government taxing, which is the exact reason, gambling has become more and more accessible over the years for US gamblers.
Since 2018, the sports betting industry has made a staggering $4.4 billion in the United States alone. The tax revenue brought in during that time frame was $615 million, making them the biggest winner of any event!
There are 46 Olympic events this year, giving gamblers extensive opportunities to take home a win! By looking at the statistics, it seems like 20.1 million US gamblers plan to place a wager on the Tokyo Olympics in one way or another, totaling 8% of Americans.
With almost 50 different opportunities on the cards, it’s likely that players will find the avenue they would like to explore. Out of all the betting options, the two sports to gain most of the viewer’s attention are basketball and football, which are sports known for their huge fan base, and wealthy environments.
In 2016, 121 medals were won by the US Olympic team, bringing home wins across the board. This year, the athletes plan on upping that count, giving the sports bettors a show worth watching! Looking at the previous Olympics, the most medals were won in swimming and track and field, with 65 podium finishes, coming in as the most wins since 1972!
With such a promising history in those events, it would be the perfect place to place your wagers to increase your odds of a win. For those US gamblers looking to add more heat to the experience, try out more competitive options such as basketball or football.
Making sure you have the upper hand is what The Bitcoin Strip is all about, and providing you with the best Bitcoin casinos is the perfect way to do that. Partnered with the ideal Bitcoin casino, online US gamblers will have that chance to take home wins bigger than they could imagine. With this year’s Olympics being more significant than ever, it would be the ideal opportunity for any player to find a Bitcoin casino and get signed up. Here is a list of the best Olympic betting sites for US players.
The Olympics has been around for many years, and with each event held, the viewership increases, providing a more competitive sports betting environment for those involved. The higher the stakes, the bigger the wins, and with the Olympics just around the corner, this is the perfect shot for US gamblers to take home a win!
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