Sports Betting Review
Several states are moving forward with sports betting laws. Several states have passed legislation while others haven’t yet installed the legal framework needed to launch sports betting operations. Almost half of the states in the US are now allowing legal sports betting. Most states have specific standards that must be met before their sports betting operations can begin. Eventually, lawmakers will determine the regulatory structure, licensing standards, and operational logistics for online and mobile betting.
The Supreme Court ruled in favor of New Jersey in May 2018. That decision moved the state’s oversight of its sports betting market from the federal level to the state level. In the process, it opened the door for other states to legalize sports betting. Since the decision, more states have approved sports betting laws and legislation. The list of legal sports betting states includes: New Jersey, Delaware, Oregon, Illinois, Nevada, Pennsylvania, Mississippi, Alabama, Kansas, Missouri, and Arizona.
Maryland passed sports betting legislation in November 2020. OCCC is now accepting applications for online sports betting licenses. The state’s first sports betting operation is expected to be open in 2021. The state expects to add three more land-based sportsbooks in 2020. OCCC is also establishing licensing standards and working on operational logistics for online betting. In summer 2022, OCCC will accept applications for retail sports betting licenses.
Sports Betting Review – States With Sports Betting Review
New Hampshire passed a bill in February that legalizes sports betting. This will allow people to bet on professional and college sports, including those played by NCAA teams. DraftKings will set up retail outlets in the state in the near future. However, the state has some amateur restrictions.
In addition to legal sports betting, some states have passed bills that limit the number of sportsbooks. Rhode Island and South Dakota have small markets for sports betting and are working to expand their operations. Illinois has sports betting but has high taxes. Several states require in-person registration at retail sportsbooks. Several states have prohibited in-state collegiate proposition bets. Some full-service sportsbooks only offer basketball odds, which makes it hard to compare odds across states. However, these sportsbooks can be a great resource to compare odds between states.
South Dakota approved sports betting in November 2020 and the state constitution allows betting in tribal areas. In May 2018, the Supreme Court overturned PASPA. The state constitution only allows retail betting in Deadwood and tribal areas. However, the state’s legislature has been working to expand the sports betting market to other locations in the state.
Iowa is allowing sports betting at tribal casinos. Iowa also requires in-person registration at retail sportsbooks. Illinois sports betting is high-taxed and largely focuses on college basketball odds. However, the state is in negotiations with Wisconsin to legalize sports betting.
Rhode Island passed sports betting legislation in March and is targeting an October launch. Rhode Island’s small market will likely hinder its ability to expand sports betting. In addition to retail sports betting, the state will allow a limited number of mobile sports betting permits.