Sports betting is a topic that rarely arises at the news conferences or in the media. It certainly doesn’t appear on the covers of the big sports books or sports magazines. But it seems like a topic that everybody loves to discuss when we are gathered around a dinner table at our annual sports betting stock tables meeting. And so here we are talking about a large innovation in our sport that is continuing to grow rapidly. In our high tech world it is not always about a major breakthrough.
Sports gambling has become a very exciting and fun thing to talk about at every cocktail party. Nowadays you find all kinds of entrepreneurs in the field – aspiring players, entrepreneurs, Situs Judi Slot Online marketing people, big sports books. But everybody is very fascinated by sports gambling’s impact on betting pools, stadiums, and the athletes themselves. What it may mean for our culture. What it may mean for the appeal of sports. Is it going to destroy the character of sports? Will the athletes of the day lose their competitive edge? And so on and on.We can and are all going to love sports gambling more than we already do. In fact, it may be our strongest argument for legalized sports betting.
State lottery jurisdictions were the first to experiment with legalizing sports gambling. In 2010 a casino company from West Virginia took a lottery license in Mississippi and built the Mississippi Gaming Corporation. The first Mississippi casino offered state lotteries sports betting, and a big sports book provided the wagering services.
The big picture here is a pattern that is developing. States are removing the government’s monopoly on gambling and letting outsiders develop and control the emerging marketplace. The sportsbooks grow up around these regulatory centers. The operators are integrated into the regulatory centers and connected with them in different ways.
In 2006 a group of Las Vegas lawyers formed the Sports Performance Institute, which looked into a number of potential lines of business, Situs Judi Slot Online and decided that the way to become the one-stop shop for all sports fans is to become the World Wide Sportsbook. They may very well be the largest single player in the sports betting market. Today the World Wide Sportsbook has big sports books in Nevada and Mississippi, and from the looks of things, a very nice view of the Grand Canyon and probably one of those giant tennis balls in their board room.