In case you haven’t heard of the PASPA law, it’s actually the Professional and Amateur Sports Protection Act that was enacted for the first time all the way back in 1992.
Back in the day, it made sports betting legal only in those states that already had such legislations in place, but deemed it illegal in all other ones.
The law was overturned and it became unconstitutional in what was reported as a landmark decision of the Supreme Court in 2018. Now each state can decide whether it wants to allow sports betting within its own territory.
But how does it affect the boxing fans and the boxing leagues? We’ve got it all covered, so sit back and read on!
What Is PASPA And Why Should You Care?
PASPA is now a has-been, but back in the day it actually made life miserable for many punters across the US. It had rendered sports betting illegal, unless a state had already had its own sports betting regulations in place. Unfortunately, there were only a few such cases, including Oregon, Montana, Delaware, and of course, Nevada, where sports betting was legal ever since 1949.
All the states had one year from the law implementation to qualify for the rights to make sports betting legal, but only if they had gambling legal for ten year prior. Actually, there was only one state that could make it, and that was New Jersey. Alas, it was unable to pass this law in time, and that’s probably what made NJ the major driving force in the initiative to overturn PASPA at the Supreme Court.
In May 2018, PASPA
As a direct outcome of this, numerous operators hurried to sign fresh new deals with US casinos, and pretty soon all the major players on the market were bragging about new operations and licenses.
College and professional sports league tried cashing in, too, as they lobbied for a new law that would give them a cut, disguised as the so-called integrity fee. Once the plan failed to realize, a slew of sponsorship and partnership deals were realized to compensate for the losses.
Did PASPA’s Demise Cause Any Changes At All?
In most states, the decision was brought about to use various existing regulatory bodies like lottery commissions and let them oversee wagering. As the states wouldn’t want to wait for federal lawmakers to handle the situation, this came as the most logical turn of events.
Since there were no federal regime to oversee the state regulations, the American operators had decided to form an integrity body in November 2018. Modeled after its European counterpart, the SWIMA is meant to work with all state and tribal regulators and law enforcement agencies in order to prevent any suspicious activities from occurring.
The Wire Act that deals with the business of wagering or betting through wire communications is still clearly aimed at bookies (boxing or not), but PASPA wasn’t ever meant to modify or add anything to it.
It is designed so that it relates only to sports betting, and it seems to apply only to bookmakers and not the stateside bettors, while its main purpose of stopping the business of bookmaking over the wires remains largely intact, as prescribed civil and legal penalties on all businesses that break the law is still in place.
What Happens With All The Boxing Fans Now?
Well, truth be told, it all depends on the situation and the way you deal with boxing match wagering. If you’ve grown accustomed to friendly wagering that only involves you and your closest friends, you probably couldn’t care less about the news, as it virtually doesn’t affect you at all. Well, at least not in a direct manner, but legalization of sports betting will affect everyone, even those who don’t indulge in wagering.
The sports betting is about to boost the economy, while the government will get its cut, too, but probably the best thing about it is that the boxing leagues will benefit from it, as well. Just think of monetization of the data and spending integrity fees to ensure that the games aren’t rigged and that all bets are fair.
Also, if we take into account the fact the federal laws remain unchanged, the states regulate the sports betting on their own now. As we speak, there are no federal laws that can prohibit the people residing in the United States from placing any bets online.
Still, it may not come off as liberal as it sounds. Just keep in mind that all the online sportsbooks regulated by a state will only be willing to accept your bets, if you create an account, log in, and then place a wager, but only while you’re still physically within the borders of that same state.
What Are Your Options?
Each and every site you visit will come with its own set of unique options and features, so it’s best to explore on your own, and see which venue fits your needs the most. In most cases, the best option is to use your debit or credit cards for depositing and withdrawing cash, but let’s not forget that the number of online venues that accept cryptocurrencies is constantly rising. Transactions in bitcoins almost always come with lightning fast processing times, and they usually do not involve any transaction fees.
It is still a good thing that you can bet on various other sports besides boxing, including cycling, motorspots, tennis, and all the major European and US field games.
All things considered, the demise of PASPA did bring some significant changes, but fear not, as placing wagers for the next boxing match will still be a normal thing. Yes, each state will decide what’s best for its own good, but that won’t affect a single boxing aficionado out there.