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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NFL Free Bets & Refunds on Major American Sports!

NFL Free Bets

With the new NFL season now underway it’s time to take note of this useful NFL betting offer / concession.

Place a bet on the ‘Money Line’ market of any NFL game and if your team loses following overtime, the BetStars online Sportsbook will refund your stake as a Free Bet up to £20. (or currency equivalent)

That’s not all – they also extending this great promotion to NBA and MLB too!  You’ll get some NFL Free Bets if your team loses after overtime and now also in the NBA basketball. There are also Free Bet refunds if your side is beaten after an extra innings in any MLB baseball matches.

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Minimum odds of 1.50 (1/2) apply to all qualifying NFL bets.

Click ‘Details’ to see all Terms & Conditions.

BetStars US Sports Offer – Terms & Conditions

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See here for BetStars general Terms & Conditions.

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