Many people are familiar with the term “sport gambling” but what’s the difference between sport betting and sports booking? The payouts for sports betting were historically determined by the outcome of the game. But since Congress adopted PASPA in 1992, both in-person and online betting on sports were banned in most states with the exception of Nevada. Sports betting apps however are digital clearinghouses and accept bets and make payments electronically. Here are a few examples of the differences between sports betting apps and traditional betting on sports.
Online sports betting is legal in Iowa from 2019. Operators must pay fees for licensing and taxes. The Iowa Racing and Gaming Commission supervises online sports betting operations. Michigan allows sport booking in casinos that are retail within state borders, but not online. The state’s sports betting program was introduced in March 2020, which was a month prior to the Coronavirus Pandemic. ufa24 is another state that has tried its hand in sport booking, although it hasn’t yet fully embraced betting on mobile devices.