US Court Decision Leads to Stock Market Frenzy and Should Result in a Betting Bonanza

News that the US Supreme Court has struck out the Professional and Amateur Sports Protection Act (PASPA) on Monday has sent sports betting company investors into a frenzy.

The 1992 PASPA banned sports betting outside of the state of Nevada but with that law now struck out, the floodgates are open.  Potentially any State in America will be able to licence, regulate and tax traditional betting outlets and casinos plus allow its citizens to gamble online.

The decision has been welcomed by the American Gaming Association (AGA) who declared: “The Supreme Court’s decision is a victory for millions of Americans who want to bet on sports in a safe and regulated manner.”  It is believed Americans currently place $150bn (€125bn) a year in illegal sports bets.

It is also a victory for shareholders in the UK’s established bookmaking companies who saw their investments rise dramatically on the back of the news.  888Holdings, AKA 888sport saw its share value rise by more than 15% within hours of the announcement of the court’s decision.

Paddy Power Betfair and William Hill both rose in value by over 10%.  GVC Holdings, owners of Ladbrokes / Coral, Party Poker and Bwin, gained 7% in value on the London Stock Exchange.

Ultimately the combined share prices of London-listed gambling firms rose by more than £1.5bn in 24 hours as investors strove to get involved in a potential betting bonanza.

It is not just investors in betting companies that are set to benefit.  With a potential 250 million gambling starved American adults joining the online betting revolution online poker players are likely to find a lot of ‘fresh meat’.  

Likewise online betting exchanges may feature considerably more liquidity and sports punters should get better prices as companies clip their margins desperately trying to attract new customers or simply balance their books.


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bet365’s ITV Racing 4/1 Offer

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ITV Racing 4/1 Offer - Back a winner at 4/1 or more and get a risk free bet on the next live ITV race (up to £50) at bet365. Offer applies to first single bet placed. Applies to Win and Each-Way Fixed Odds markets and Enhanced Place Terms markets only. Bet restrictions and T&Cs apply. New and eligible customers only.

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bet365 horse racing betting offers
*or currency equivalent, 18+T&Cs apply/GambleAware. Only available to new and eligible customers.

bet365 Horse Racing Betting Offers

Available to all new and eligible bet365 customers…

One of the best bet365 horse racing betting offers is their live ITV Racing promotion – Back any single winner at 4/1 or more on any race televised live on ITV Racing (or ITV4) and you can have a risk free bet to the same stake (up to £50*) on the next race broadcast live on ITV Racing.

This offer applies to the FIRST single bet placed by a customer on each race shown live on ITV Racing.

If your risk free bet also wins at odds of 4/1 or more, you qualify for another risk free bet on the next race televised live on ITV Racing. Keep backing those winners and bet365 will keep giving you risk free bets!

Place your next bets in the usual way and if it loses your stake (up to £50*) will be refunded to your account as cash.

Click the Details+ button for more information & full terms and conditions.

bet365 horse racing betting offers
*or currency equivalent, 18+T&Cs apply/GambleAware. Only available to new and eligible customers.

This offer will not apply where a stake has been fully Cashed Out. Where a stake has been partially Cashed Out, any refund amount or subsequent risk free bet amount will be equal to the remaining active stake. If a qualifying bet is edited using our Edit Bet feature, any refund amount will be equal to the new stake and not the original stake. Where a risk free bet is changed using Edit Bet, no refund will be given and the offer will no longer apply.

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Paddy Power Football Competition

Football Competition
Sign up to Paddy Power and play Beat The Drop and you’ll receive a £/€1,000,000,000 Pot. Answer the chosen number of questions while either splitting the pot or going all in. Money left in the pot after all the questions are answered is yours to keep. One free entry per customer to a £/€1,000,000 pot £/€20 version of the game. T&Cs apply. 18+/GambleAware

Paddy Power Football Competition

Football Competition
Sign up to Paddy Power and play Beat The Drop and you’ll receive a £/€1,000,000,000 Pot. Answer the chosen number of questions while either splitting the pot or going all in. Money left in the pot after all the questions are answered is yours to keep. One free entry per customer to a £/€1,000,000 pot £/€20 version of the game. T&Cs apply. 18+/GambleAware

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