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The US Experience with Sports Betting

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Abstract

Sports betting is a popular economic activity in the United States. Sports betting can generate some negative externalities like disordered gambling and increased incentives to fix the outcomes of sporting events, and it also generates utility for those who wager responsibly. The United States has taken an unconventional approach to the regulation of sports betting, one that outlaws most types while making sports betting fully legal in one specific location. This regulatory approach does not address the underlying problems associated with gambling and it encourages illegal sports betting markets. It serves as a poor example of how sports betting should be regulated.

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Author information

Authors and Affiliations

  1. Department of Economics, West Virginia University, Morgantown, WV, USA

    Brad R. Humphreys

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  1. Brad R. Humphreys
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Correspondence to Brad R. Humphreys .

Editor information

Editors and Affiliations

  1. Transcrime, Università Cattolica del Sacro Cuore, Milan, Italy

    Ernesto U. Savona

  2. Marron Institute of Urban Management, New York University, New York, New York, USA

    Mark A.R. Kleiman

  3. Transcrime, Università Cattolica del Sacro Cuore, Milan, Italy

    Francesco Calderoni

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Humphreys, B.R. (2017). The US Experience with Sports Betting. In: Savona, E., Kleiman, M., Calderoni, F. (eds) Dual Markets. Springer, Cham. https://doi.org/10.1007/978-3-319-65361-7_21

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  • DOI: https://doi.org/10.1007/978-3-319-65361-7_21

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-65360-0

  • Online ISBN: 978-3-319-65361-7

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