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Las Vegas legalizes sports betting
Las Vegas legalized betting on sports to help improve the tourism industry. -
The Federal Wire Act of 1961
New legislation was created to combat the tax-evading betting markets. This act banned organized crime groups from taking or placing bets via a wire and enforced a $10,000 fine or 2-year prison sentence for violations. It was not successful in eliminating illegal betting rackets. -
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Boston College Basketball point-shaving scandal
A scheme involving the American Mafia and Boston College Basketball players ensured the team would not cover the point spread. -
Pete Rose is banned from the MLB
Major League Baseball commissioner, A. Bartlett Giamatti, released a the “Dowd Report” detailing Pete Rose’s gambling activities which resulted in his lifetime ban from Major League Baseball. -
PAPSA (Professional and Amateur Sports Protection Act of 1992)
The Professional and Amateur Sports Protection Act of 1992 was signed into law by President George H.W. Bush. It imposed an outright ban on all sports betting in the United States. Four states --- Nevada, Montana, Oregon, and Delaware --- were exempt from the ban because of preexisting laws. This legislation prevented new states from regulating gambling. -
The Unlawful Internet Gambling Enforcement Act (UIGEA)
This act is an update to the Federal Wire Act of 1961 following the creation of the internet. It targets online gambling operations. -
The Supreme Court strikes down PASPA
The Supreme Court strikes down PASPA. Following this decision, all 50 states are able to decide if they want to allow internal sports betting and all states have the opportunity to set up regulated sports betting. -
CU Boulder partners with PointsBet
CU Boulder becomes the first university to partner with a sports gambling company -
CU Boulder and PointsBet mutually terminate their agreement
CU Boulder and PointsBet mutually terminate their agreement following increasing scrutiny about marketing gambling to college students. -
AGA releases new regulations
The American Gaming Association releases new updates to their responsible marketing code. These updates are aimed to prevent marketing to college students. There are new rules preventing Name, Image, Likeness (NIL) deals, the use of “risk-free” advertising, and the use of underage individuals in sports betting advertising.