Legalized betting on college sports took center stage on the second day of the Sports Business Journal Intercollegiate Athletic Forum (IAF) Thursday in Las Vegas, with panels focusing on the opportunities and threats for schools from gambling and its effect on the mental health of athletes.
Gambling on college sports has exploded since the Supreme Court ruled that states could legalize it in 2018. Since then, legal sports betting has started in 31 states, with five more soon to join them. Over $25 billion has been bet legally at U.S. sportsbooks, with $8.5 billion wagered on college football and basketball in the past 12 months.
