Betting on Sports: a Global Look
Betting on sports is a global phenomenon. The year 2018 was a landmark year for gambling in the United States due to the fact that the government repealed the Professional and Amateur Sports Protection Act (PASPA), which made it possible for individual states to decide whether to legalize sports betting. Seven states launched regulated sports betting, and more are likely to follow in 2019, especially when they see the results of their neighbors. While betting on sports is a year-round for many Americans, one of the stand-out events is definitely March Madness, a US men’s basketball tournament at the collegiate level, run by the NCAA. Here is a quick recap from an article published in Slate : "we trace March Madness back to Illinois’ statewide high-school basketball tournament, which began in 1908. The article goes on to say explain that in 1939, an official with the Illinois High School Association, Henry V. Porter, penned an article called March Madness for the organizati...