States, casinos and leagues could all cash in. Will sports media get a cut of the action too?
With bettors clamoring for an edge, legacy media outlets could add a gambling beat to their daily sports coverage – or risk losing out.
The U.K., where sports gambling is legal, provides a good source of data for the likely impact in the U.S.
Reuters/Andrew Boyers Livepic
Many states are pondering making gambling on sports legal after the US Supreme Court overturned a federal ban. But is the industry really worth as much as some say it is?
A screen shows a baseball game next to various betting lines at the Westgate Superbook in Las Vegas, Nevada.
John Locher/AP Photo
But those hoping for a boon in tax revenues could be sorely mistaken: Sports betting isn't as lucrative as it's often portrayed to be.
Young people in Africa are getting addicted to online betting through their mobile phones.
Mobile money transfers have been a great asset. But the rise of online betting could threaten its contribution.
About 39.1% of Australians typically gamble on a monthly basis: most of them buy lottery products.
Gambling has impacts on many aspects of life – including employment, income and wealth. The release of HILDA's latest survey provides more evidence to help inform decisions on gambling policy.
Sydney’s Lance Franklin is a popular choice for many fantasy AFL coaches.
Fantasy sports began as a niche hobby for statistically inclined sports fanatics. But, with the internet, it has evolved into a multi-billion-dollar industry.
While gaming advertising will be banned before 8.30pm, the ban doesn’t extend to perimeter advertising or on-air mentions of betting odds.
When is the upcoming ban on early evening TV sports betting ads not a real ban? When it's a partial ban that ignores how real people watch sport.
Logos of betting companies and the odds on sporting outcomes are now impossible to avoid, at the ground or on TV.
It is gambling, especially online and mobile, that has come into focus as sport’s most potentially damaging byproduct.
Greater protections for online gamblers are clearly needed, given its growth and higher rates of problem gambling among its users.
There is reason to suggest new reforms, such a banning credit bets and establishing a self-exclusion register, will have some impact in helping to tackle problem gambling online.
Sports betting has become a high-profile part of the rugby league’s income and branding.
The NRL is trying to reduce its exposure to the integrity risks posed by spot-fixing.
Nick Xenophon is again pushing for a ban on gambling ads during TV sport broadcasts.
Restrictions on gambling advertisements may be effective in helping those with problems manage their urges to gamble.
William Hill is among the online bookies to be registered in the Northern Territory, where the tax and regulatory environment is more favourable.
No state wants to see its revenue base decline – particularly when the jurisdiction benefiting doesn’t even tax (or regulate) its bookies as well as it might.
Sports betting in Australia has been growing rapidly in recent years – all that advertising seems to be paying off.
Gambling losses in Australia are now close to $23 billion. What's driving this? And do we need to reform gambling regulation?
In the pink? Betting companies have been on our screens in the hunt for gamblers.
There were 1.39m gambling ads on television in 2012.
The poker machine industry is a business with a lot at stake – about $11 billion a year, in fact.
Polls suggest that Nick Xenophon’s team will win a bag of Senate seats. Along with a re-elected Andrew Wilkie, and the Greens, will there be enthusiasm for gambling reform in the next parliament?
Are the odds in favor of big computer-assisted bettors?
USA Today Sports/Reuters/
Are regular bettors and the house helped or hurt when deep-pocketed, high-volume computer-assisted bettors are wagering? Mathematicians used game theory to model this new wrinkle in parimutuel betting.
The government has vowed to close a loophole that allows some online bookmakers to circumvent the ban on online in-play betting.
Online wagering is likely to be very harmful to a new generation of gamblers who habitually use mobile devices. It has the capacity to be very high intensity.
Tennis provides an excellent example of a sport of global significance being tainted by gambling’s influence.
The current controversy over match-fixing in tennis has some ironic elements. Anyone watching the Australian Open on free-to-air TV will notice the proliferation of sports betting ads.
Will sports betting ever expand beyond Nevada?
Nevada gambling via www.shutterstock.com
Betting on sports has been illegal in most states since 1992. Is it time that changed?
Former minister Peter Garrett retracted claims about receiving cash in an envelope from a representative of a gambling industry lobby group.
The gambling industry knows how to wield power, and does it with great expertise, backed by significant resources.