Unlike the prediction, the COVID-19 lockdown that paralyzed most of the U.S. states for the first half of this year, especially brick-and-mortar businesses, has promoted the online sports betting.
The move was attributed to the safety and health concerns and the expectation to look for alternative sources of funding to offset the losses amid the COVID-19 pandemic.
When the public expense is tightened and the federal government is offering relief funding, many states are making efforts to find more money to alleviate the situation, hence sports betting comes in.
The sports betting competition played an important role for the first part of 2020 when the sports leagues have been returned.
The NFL has kicked off with all franchises coming back although the American Gaming Association (AGA) has predicted that only 33.2 million bettors would take part in this season, down from 40 million in the 2019-2020 season.
The NBA and the NHL have also restored their season. The playoffs have been kicked off to shave off a number of teams.
The return of such sports leagues has been a success in the United States, especially amid the complicated development of the global pandemic. All organizations provided the safety measures and protocols to prevent the spread of the disease. However, despite the efforts, many athletes have opted not to play this season.
Encouraged by the interest in sports and the ability to weather the impacts of the COVID-19 pandemic, legislators across the United States have been speed up the introduction of working sports wagering legislation.
Massachusetts’ is one of the U.S.’s states to have tried to introduce sports betting. However, the state need to handle some issues before the legislation can be approved by the State Senate, which had objected to the sports betting.
California’s State Sen and Assemblyman also restarted the push for the Sunny State’s sports betting industry in July. They are trying to put the questions on the November ballot.