January 7, 2022

Wanna bet? Explaining where all 50 states stand on legalizing sports gambling

Filed under: News,Sports betting — Tags: , , , — News @ 9:00 am

This article originally appeared in CBS Sports.

It has been over three years since the United States Supreme Court delivered a landmark decision to strike down the federal ban on sports gambling that prohibited betting on sports in most states. Since that ruling, which left the legality of sports gambling up to state-level government, many states have legalized sports betting or are in the process of doing it. 

Prior to the Supreme Court ruling, Nevada was the only state in which a bettor could wager on the results of a game.

Here’s a state-by-state examination of where the country stands on sports gambling, as of 2022. And remember, if you live in a state where sports gambling is legal, check out SportsLine for expert predictions.

Alabama: Not legal.

The state has proposed multiple bills, including one in 2021, but all have been shot down. Alabama currently doesn’t have any commercial casinos.

Alaska: Not legal.

In 2020, the state put legalizing sports betting under consideration and Gov. Mike Dunleavy even showed support for the bill. However, the COVID-19 pandemic put an end to its consideration and the bill ended up expiring in May 2020.

Arizona: Legal.

Sports betting became legal on April 15, 2021. The legislation in place permits 20 operators in Arizona.

Arkansas: Legal. 

The state’s first official sportsbook (Oaklawn Racing Casino Resort) began operating in July of 2021, and there will be multiple others on the way, though the state is still prohibiting mobile online wagering

California: Not legal, but legislation proposed.

A number of bills have been put to the senate, but none have been successful. There is currently a third sports betting bill that is being proposed and there’s increasing optimism that it could pass.

Colorado: Legal.

Colorado became the 19th state to legalize betting and as of May 1, 2020 multiple operators allowed residents to open accounts online and place wagers.

In the 2020 election, Colorado expanded both the number and type of casino games it is able to offer. The state also eliminated some wagering limits.

Connecticut: Legal.

Sports betting is officially allowed in Connecticut as of September 30, 2021.

Delaware: Legal. 

Less than a month after the Supreme Court’s decision, Delaware moved to fully legalize sports betting. Three casinos began operating sportsbooks in June and the state is looking to add additional locations as well as mobile betting. 

Florida: It’s complicated. Sports betting was temporarily approved and legal, but now it is awaiting another launch due to a legal issue

Lawmakers in Florida approved sports betting in 2021. However, lawsuits in court have delayed the official beginning of betting in the state. Just three weeks after being approved, and accepting bets briefly, a judge ruled that an agreement between the state and the Seminole Tribe was illegal. The Seminole Tribe and Hard Rock Sportsbook had launched online sports betting on Nov. 1, 2021, but the app was shut down due to the ongoing legal battle.

Continue reading at cbssports.com

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January 1, 2022

5 Storylines That Shaped the 2021 U.S. Legal Sports Betting Narrative

Filed under: News,Sports betting — Tags: , , — News @ 9:00 am

This article originally appeared in Sportsbook Review.

There was no shortage of game-changing events for the U.S. legal sports betting scene in 2021. From the overall growth of the industry to the partnership/mergers that took place, to the sheer amount of money taken in, analysts may look back on 2021 as the year that added jet fuel to an already exploding industry in the U.S.

The foundational blocks laid by the events of 2021 should propel 2022 into uncharted territory. They should also pave the way for even more future expansion as reluctant states become more aware of the mainstreaming of the platform itself and just how much the tax revenue generated can be a boon for any given jurisdiction.

Let’s take a peek at some of the biggest U.S. legal sports betting stories of 2021.

Expansion

Eleven states legalized and launched their own legal sports betting platforms in 2021. There are six others such as Ohio that legalized but haven’t launched yet. New York agreed to expand its legal sports betting industry past just four upstate retail casinos – mobile sports betting in the Empire State is a game-changer for not only that jurisdiction but also for the national scene as well.

Altogether, there are now 30 legal sports betting states plus Washington, D.C. operating their own legal sports betting scenes. Once the six that are legalized in 2021 go live, 36 of 72% of U.S. states will have legal sports betting.

The three biggest fish – California, Texas, and Florida (although the Sunshine State actually did launch before being shut down by the courts) – have yet to welcome their own sports betting platforms. Eyes will be on those states in 2022 to see if they do indeed join the sports wagering family.

Partnerships

It seemed that 2021 was the year that everyone wanted to get in on the legal sports betting industry in the U.S., from high-end legal wagering providers to individual leagues, teams, and even players, to celebrities who lined up to become ambassadors for various brands.

Deals between sportsbooks such as Caesars’ acquisition of William Hill and Penn National’s takeover of theScore highlighted what was a U.S. legal sports betting gold rush in 2021.

Major pro sports leagues and even some college teams and events such as the Fiesta Bowl and the LSU Tigers signed on with sportsbooks in 2021 and some of the biggest names in the pop-culture universe joined the legal sports betting fray. Names like J.B. Smoove, Wayne Gretzky, Shaquille O’Neal, Drew Brees, and Jamie Foxx to name a few lined up deals to become sportsbook brand ambassadors in 2021.

The billion-dollar mark

A few short years ago, it seemed unfathomable for a state to hit a $1-billion sports betting handle in one month. Well, New Jersey has done it three months in a row and likely will make it four once December’s numbers are in and Nevada has eclipsed the $1-billion mark in two straight months.

New Jersey popped the bubble in September with a $1.01-billion handle and set the record in October for a state in a single month with $1.3 billion in bets taken in. Nevada saw $1.1 billion in sports bets in October and $1.086 billion in November.

While December had its share of COVID-related postponements, disruptions, and cancellations of sporting events, both New Jersey and Nevada have a chance to eclipse that $1-billion mark again.

The dollars

The wagering volume in the U.S. in 2021 was arguably the biggest story. A total $4.3 billion was bet on the Super Bowl alone in 2021. Spending at the country’s retail and mobile sportsbooks was like a runaway train last year. In June 2018, sports gamblers wagered $310 million for the month. In October 2021, the U.S. legal sports betting scene took in more than $7 billion with two jurisdictions missing on that report.

Five states surpassed $500 million in handle in 2021 and eight states took in over $400 million in a month during the year.

In 2020, the national sports betting handle stood at $21.5 billion. That number is expected to approach $50 billion in 2021. The American Gaming Association is out with its expectation that $46.8 billion will be wagered this year on sports in the U.S.

Looking ahead to 2022

Early in 2022, the U.S. legal sports betting family will welcome Ohio, the seventh most populous state, into the legal sports betting family, and a previously underwhelming New York state scene will bring a much-needed and long-overdue mobile platform into the fold.

Florida looks likely to get on board, California could be in line for its own legal sports betting platform and other major states are likely to consider, and possibly send, the ideas of legalized sports betting to their voters on the 2022 election ballot.

We thought that 2021 was an explosive year for the U.S. legal sports betting industry, but 2022 figures to provide more of a bang! A year from now, we should be talking about another year-over-year explosion of the U.S. legal sports betting industry. Whether or not it will double, as it did this year compared to last, remains to be seen.

Continue reading at sportsbookreview.com

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December 31, 2021

A Big Year For Legal US Sports Betting: A Rundown of Legalization, Launches in 2021

Filed under: News — Tags: , , , — News @ 9:00 am

This article originally appeared in Forbes.

The past year included a massive expansion of legalized sports betting in the US.

Heading into 2021, 20 states and Washington, D.C., were legal US sports betting markets. Now, at the dawn of 2022, there are sportsbooks in 30 states and DC open for sports bets.

Beyond those newly operating markets, several more are on the horizon in 2022 — both just waiting to launch and those nearing legalization.

States that legalized sports betting in 2021

Most of the states that launched in 2021 just crossed the finish line. Others were able to get the nod of approval, at least temporarily, during the calendar year.

Getting the work done

Voters in Louisiana, Maryland and South Dakota all approved sports betting at the ballot in November 2020. Legislators enacted the wishes of their voters in the spring of 2021.

Retail sports betting in South Dakota launched at casinos in the resort town of Deadwood in September.

Louisiana sports betting started with retail sportsbooks on Oct. 31, 2021, while mobile will likely launch in early 2022. Maryland sports betting began at several retail sportsbooks in December 2021, with online sports betting unlikely to start until late 2022.

Florida legalized, for a bit

In May 2021, lawmakers worked in a special session to pass Florida sports betting legislation as part of a new compact with the Seminole Tribe. Gov. Ron DeSantis signed the compact later that month.

Despite several legal challenges, the Hard Rock sportsbook app run by the Seminole Tribe launched Nov. 1, 2021. The Hard Rock app eventually was pulled in early December as court rulings mounted against the Seminole Tribe.

While the Seminole Tribe appeals the rulings, FanDuel Sportsbook and DraftKings Sportsbook are working to secure signatures needed to put sports betting on the 2022 ballot.

States that launched sports betting

While Ohio regulators are cleared to work toward its launch now and Florida stakeholders work through a complicated situation, ten states did cross the finish line in 2021.

Online sports betting in Virginia and Michigan sportsbook apps launched in January 2021; Michigan already had retail sportsbooks. Additionally, retail sportsbooks opened at tribal casinos to offer North Carolina sports betting, Washington sports betting and Wisconsin sports betting.

Here’s the full list of markets launched sports betting in 2021:

Continue reading at legalsportsreport.com

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October 27, 2021

Gaming Providers Continue Their Push to Legalize Sports Betting in California

Filed under: News — Tags: , , , — News @ 11:30 am

This article originally appeared in Sportsbook Review.

The biggest fish in the US legal sports betting industry, California, now officially has three proposals on the table to bring a legalized platform to their state. A group led by some of the nation’s top legal sports betting providers has officially jumped into the mix with the news that the state attorney general’s office is preparing a petition on their behalf for the Secretary of State.

Once prepared, those backing the “Californians for Solutions to Homelessness and Mental Health Support” will seek to get their plan on the 2022 Election ballot to compete with a Tribal initiative and one put forth by the state’s cardrooms plan in conjunction with a few local municipal governments. The newest sportsbook initiative looks to reel in tribal influencers to support a plan that appears to benefit their interests going forward.

What’s at Stake

There is no secret as to how huge the inclusion of California would be to the broad US scene. Analysts called California “one of the most important betting markets in the world.” Managing director for Eilers and Krejcik Gaming Chris Grove has said that “California is easily the largest prize in the U.S. sports betting market.”

California is home to 15 professional teams representing four major sports leagues and has America’s largest population of 40 million people. It would immediately be triple the size of the current-largest market in the US scene.

As for the financial implications, Eilers & Krejcik, a research firm that has advised state lawmakers on the issue has said that the California market could generate $200 million in annual revenue from taxes and licensing fees – $500 million upon maturity of the platform.

Continue Reading at sportsbookreview.com

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