The Differences Between Sports Betting and Sport Booking

While most people are familiar with the term “sport betting,” what are the differences between betting on sports and sports booking? Historically, the payouts for sports betting were dependent on the outcome of the game. Since passed PASPA in 1992 in the United America, in-person and online betting has been banned in most states. Nevada is the only exception. In contrast, sports betting apps function as clearinghouses that take bets and pay outs electronically. Here are a few examples of the distinctions between apps for betting on sports and traditional sports betting.

Online betting on sports is legalized in Iowa since the year 2019. Operators must pay a licensing fee and taxes. The Iowa Racing and Gaming Commission oversees online sport betting operations. Michigan allows betting on sports at retail casinos in the state, but not online. The state’s program for sports betting was established in March 2020, a few months before the Coronavirus Pandemic. Mississippi is another state that has dabbled in sport booking, although it isn’t fully embracing betting on sports via mobile.

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