As more and more states legalize sports betting, people are jumping on the opportunity to make money while they watch their favorite sports. With sites like Prize Picks accessible directly from your phone, people have been downloading these sports betting apps at ridiculous rates. While Prize Picks and similar apps are legal in Minnesota, there are still 19 states where sports betting is illegal.
Although sports betting is often called gambling, it is not technically considered gambling by law. There are only six states in the US that have legalized online gambling. These include Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia.
Any website allowing a bet online with a bookie, betting shop, or other gambling enterprise is considered gambling. It also includes wagering on a game played online. PrizePicks and other sports betting sites are defined as daily fantasy sports sites, and DFS is classified as separate from online gambling from a legal standpoint in most states. While online gambling is prohibited in Minnesota, sports betting is fair game for those old enough. While 19 years of age is the current age required to place sports bets, this may change in the future.
With over 300,000 new members signing up for Prizzepicks in 2023, they are expanding staff and betting opportunities. Some of these opportunities include the Olympics as well as video game betting. In the past year, Prizepicks has expanded online gaming betting by over 100 percent. This involves League of Legends, Call of Duty, Valorant, and Dota. This expansion has brought in an abundance of new users from around the world.
While some people see sports betting as a positive and argue that it brings a new audience to the sports world, others disagree. They pose the argument that sports betting is irresponsible and you have no better odds than gambling. When posed with the question, what is your opinion on sports betting, the lesabre sports expert explained “I think its negative aspects outweigh its positive aspects and if you can avoid it you should.” He also stated that he believes it’s statistically unfavorable and in the long run you will lose.