Empire State. It seems like the venture paid out, because New York is currently leading the country in revenue from sports betting. We’ll discuss this success story in today’s article and we’ll give you the New York betting site rankings.
Legalization Process and Regulations
There’s a reason why you started to hear about sports betting legalization efforts; it’s all thanks to the Supreme Court, which made this possible. In 2018, the Supreme Court struck down PASPA (The Professional and Amateur Sports Protection Act of 1992), which previously banned sports betting on a federal level.
The Supreme Court decision thus allowed for individual states to regulate their own industries and thirty states have legalized sports betting so far. New York first legalized in-person betting in 2019, and followed up with legalization of online sports betting shortly after.
New York betting sites officially went live on January 8, 2022 and they immediately...