PA Casinos Spark Sports Betting Boom!

Five years ago, the U.S. Supreme Court overturned PASPA, which allowed each state to legalize and regulate sports betting. Pennsylvania played a crucial role in getting PASPA overturned by legalizing casino gambling with the Pennsylvania Race Horse Development and Gaming Act in 2004. This move caused gaming revenues in New Jersey to decline and worsen due to the Great Recession. Atlantic City casinos faced financial turmoil, leading to lawsuits and regulatory changes, culminating in PASPA’s repeal. Nevada, on the other hand, was less affected by the legalization of neighboring state gambling and already had sports wagering, making it better prepared for the new world of gaming. These historical accidents and economic events helped shape the future of the industry and the players.