It’s been exactly five years since the United States Supreme Court struck down federal law prohibiting state-sanctioned sports betting. Today, 32 states and Washington, D.C., allow sports gambling either online or in person, and sportsbooks have taken over $150 billion in legal wagers during that time. While significant boosts in state tax and gaming revenues quantify the sports betting boom, perhaps the most apparent by-product of American sports betting’s ascendancy is its integration into the sports industry as a whole. After years of opposing the prospect of gambling on their respective games, each of the professional sports leagues (NBA, NFL, MLB, NHL) has put former grievances to bed and, through partnership agreements, licensing deals, and the sale of official league data, welcomed the business of betting to the business of sports.

In this program, we will discuss the evolution of the American sports betting landscape, from its limited existence in Las Vegas to its expansive presence across the country and emergence in the mainstream sports marketplace. Coverage will analyze national trends relative to Tennessee’s specific sports betting framework, examine challenges the industry currently faces, and forecast what to expect in the years to come.

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