By Skip Charles
The Associated Press is reporting that more than $220 billion has been placed on legal sports bets in the U.S. in the five years since the Supreme Court allowed states to offer regulated sports betting.
Sunday will mark the fifth anniversary of the Supreme Court overturning the Professional and Amateur Sports Protection Act (PASPA) on May 14, 2018. More than 30 states have moved to legalize sports betting since then, resulting in more than $3 billion in taxes collected from federal and state governments.
The AP cited its $220B handle from the American Gaming Association, which also reported $125B being wagered by Americans at the four-year mark of PASPA’s overturning.