Many people are familiar with the term “sport gambling” but what’s the difference between sports betting and sports booking? Historically, sports betting payouts were based on the game’s results. However, after Congress adopted PASPA in 1992, online and in-person betting on sports was banned in most states, with the exception of Nevada. Sports betting apps however are digital clearinghouses, and can accept bets and make payments electronically. Here are some examples of the differences between sports betting apps and traditional sports betting.
Online betting on sports is legal in Iowa from 2019. Operators are required to pay an annual licensing fee along with taxes. The Iowa Racing and Gaming Commission oversees online sport betting operations. Michigan permits sport betting in retail casinos within state lines, however not online. The state’s sports betting program was introduced in March 2020, just before the Coronavirus Pandemic. ufa24h is another state that has experimented with sport betting but isn’t yet ready to fully accept mobile wagering.