Anthony Cabot and Keith Miller. Sports Wagering in America: Policies, Economics, and Regulation. Las Vegas: UNLV Gaming Press, 2018.

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Whether by court decision or legislative change, gambling’s next expansion in the United States will be sports wagering. However, state and federal policymakers and regulators have limited experience in addressing the many issues that are presented by regulated sports wagering.  The challenges they will face are complicated by the fact that sports betting is a global industry encompassing both legal and illegal markets.

This book first provides a detailed explanation of the scope and economics of the sports wagering industry and a description of how sportsbooks operate.  It then describes the evolving legal landscape for sports wagering in the U.S., culminating in the Supreme Court case that considered New Jersey’s challenge to the federal law that has limited sports betting to the state of Nevada.

With this foundation, the book turns to an examination of the range of issues that legislators and regulators must consider in establishing regulated sports wagering, such as the need to protect the integrity of sporting events from corruption by criminal elements. Other important topics discussed include the level of regulation needed for sportsbook operators, the proper role of the federal and state governments, taxation, international cooperation, preventing illegal wagering, the role of data collection and analysis, and how to maximize innovation and patron engagement.

Legalization is only the beginning of the journey of offering sports betting in the U.S.  The authors offer guidance to policymakers as they take up the daunting task of building a regulatory structure for sports wagering.  As the book illustrates, the decisions made on how to regulate sports betting will go a long way toward determining the success of this popular form of gambling. 

From the Authors

The momentum to expand regulated sports betting has accelerated considerably over the past few years. Indeed, we are likely at a point where one can accurately say it is no longer a matter of if, but a matter of when, sports betting as a legal form of gambling will spread across the U.S.

The court litigation challenging the federal law, the Professional and Amateur Sports Protection Act (PASPA), which has limited single-game sports betting to Nevada, has been the topic of a great deal of discussion and writing. Missing from the scholarship of sports betting, however, is a comprehensive analysis of the “how” of sports wagering regulation. That is, assuming that sports betting will become part of the fabric of gambling in the U.S., how will this activity be regulated?

Our goal in writing this book is to explore these “how” issues. We believe this is important because uninformed and misguided regulation of sports betting can undermine many of the objectives of establishing regulated sports betting markets. The book examines the issues that legislators and regulators must consider as they construct sports betting systems, and offers some guidance on the difficult choices they will be required to make.

Contents

Editors’ Note
1 Sports Wagering in America
2 Legal Status of Sports Wagering
3 Regulatory Models for Wagering
4 Sports Integrity
5 Wagering Integrity
6 The Emergence of eSports

The book also features author biographies and an index.

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Authors: Anthony Cabot and Keith Miller
Title: Sports Wagering in America: Policies, Economics, and Regulation
Publisher: UNLV Gaming Press
Date of Publication: 2018
Pages: 302
ISBN (paperback edition) 978-1-939546-12-8
Library of Congress call number: GV717 .C32 2018