Legalizing Sports Betting
The legalization of sports betting in New Jersey will bring in $4.5 billion in 2020, and the state is on track to meet that goal by 2021. This is despite a possible impact from New York’s mobile sportsbook, which will likely reduce New Jersey’s handle numbers. Several Native American tribes have interpreted PASPA as legalizing sportsbooks at tribal casinos. As of now, New Hampshire’s regulatory structure is designed to permit retail and mobile sports betting. However, the state won’t allow bettors to bet on in-state college teams.
While most states are moving toward legalizing sports betting, Alaska and Hawaii are not on the list. Since they aren’t on the continent, they are not affected by the other states’ restrictions. As a result, the tax revenue generated by sports gambling is not significant in either state. The relationship between New York and New Jersey means that both states are likely to be open to sports betting. Other states that may have some challenges are South Dakota, Texas, Wisconsin, Arizona, Georgia, Idaho, and Florida.
While there are several hurdles in legalizing sports betting, some states have a great deal to offer. Nevada was the first state to legalize the activity in 2018. The governor, Phil Murphy, signed the bill on November 30, and sports betting was officially launched in earnest three days later. NJ utilized existing casino infrastructure to launch the first online and mobile sportsbooks. Currently, there are two types of sports betting: retail and mobile. The rate for retail is lower than for mobile.
Legalizing Sports Betting in the US
Maryland has a number of bills in the pipe. New York is also under pressure to legalize sports betting online. New Yorkers are increasingly making trips to New Jersey to place legal wagers. While there is no monopoly in New York, legislators are evaluating a single mobile gaming license bill. While other states may follow suit, the momentum in the New England region will be much smaller. With the emergence of new markets, the chances for legalizing sports betting in the US will increase.
Some states, like Massachusetts, have long been opposed to sports betting, including the Sunshine State. However, a recent compact between the state legislature and the Seminole tribe will make sports betting legal in the state in 2022. Despite the legal barriers, it is possible to legally wager on sporting events in Massachusetts. There are a number of other states that allow sports betting in Georgia, and there are no barriers to a legalization in the state of Maine.
Several states have passed legislation to legalize sports betting. Some are more willing to pass legislation than others, and most are willing to allow the practice in certain circumstances. For example, in Massachusetts, the lottery and other lottery have both legalized sports betting, while in Nevada, a casino-based sports book is illegal. In addition, the casinos are not required to allow the gambling activity. In some states, a mobile device may be used for sports wagering.