Thor1 are familiar with the term “sport gambling”, but what is the difference between sport betting and sports booking? Payouts for sports betting were traditionally based on the results of the game. Since Congress passed PASPA in 1992 in the United States, both online and in-person betting has been banned in a majority of states. Nevada is the only exception. Apps for betting on sports however serve as digital clearinghouses that take bets and make payments electronically. Here are a few examples of differences between traditional betting on sports and betting on sports apps.
Online sports betting is legal in Iowa since the year 2019. Operators are required to pay fees for licensing as well as taxes. Online betting on sports is monitored by the Iowa Racing and Gaming Commission. Michigan permits sports betting in retail casinos within state lines, but not online. The state’s sport betting program was introduced in March 2020, just prior to the Coronavirus Pandemic. Mississippi is another state that has experimented with sport betting but isn’t yet ready to fully accept mobile wagering.