Sportsbooks and Official Betting

Official betting is wagering on a game that is governed by the rules of the league in question. The NFL, for example, has a rule that prohibits any player, coach or team official from placing bets while at team or league facilities or while on the road with their team. This rule is meant to prevent the sort of fixing of games that took place in the Black Sox scandal of 1919.

Before the Supreme Court ruling, major sports leagues were fighting to keep legalized sports betting limited, fearing it could lead to more attempts at rigged or compromised games. But they’ve since done a full 180 and are now embracing the change and partnering with sportsbooks to promote their products.

The Kentucky Derby is a beloved tradition that has been held annually since 1875, when it was first billed as the “Greatest Two Minutes in Sports.” People from all over the country tune in to watch this famous horse race—and to bet on the winner. But how do you go about betting on the Derby?

Several states are launching legal sports betting operations this year. Kansas, for instance, began accepting bets in May 2022, with a bill that authorized 12 mobile sportsbooks and four brick-and-mortar casinos. Colorado, meanwhile, became the first state to launch online betting in 2018, just a month after the Supreme Court decision, and has since expanded its number of available retail and online sportsbooks.