Which Sportsbooks Are Legal in Your State?
Depending on the state that you live in, you can legally bet on sports. Some states, such as Massachusetts and Arizona, allow betting on sports, while others, such as Ohio and Colorado, do not. Regardless of the state that you live in, it is important to research the different types of sportsbooks before you make your final decision.
Legalized sports betting in Arizona
Despite the fact that legalized sports betting in Arizona took place only in September, it has already set new records in terms of revenue. The state is now on track to become the top sports betting state in the country.
Arizona has made a lot of progress in the sports betting arena, especially after the Arizona Cardinals went undefeated in September. This helped boost the interest of local sports fans.
The state’s mobile sports betting market is a major reason for the success of legalized sports betting in Arizona. The nine mobile operators reported $777 million in wagers in September. This is more than twice the total wagered in retail sports betting.
Legalized sports betting in Colorado
Among the states that have legalized sports betting, Colorado is one of the most promising markets for the burgeoning industry. In the last year alone, the state’s casinos registered over $3 billion in sports bets. Those numbers are expected to continue growing as more sportsbooks get set up and the state’s gambling revenue rises.
Colorado sports betting sites are easy to navigate. A number of online sportsbooks have launched in the state, including DraftKings, BetMGM, and FanDuel. They offer fair odds in a variety of markets.
Colorado is home to five professional sports teams. In addition, the state has plenty of local activity. Coloradans can attend live professional games and place wagers in person or on mobile devices.
Legalized sports betting in Ohio
Having a sports betting bill passed by Ohio lawmakers will bring the state’s sports betting industry into a regulated environment by the end of the year. This legislation would allow Ohio sports betting operators to apply for licenses to run both brick and mortar and online sportsbooks. It would also require the state to pass an amendment to the state constitution.
Ohio’s current legislative season ends on December 31. However, a conference committee could be able to pass a sports betting bill in the near future.
Ohio Governor Mike DeWine has stated that he is confident that sports betting will be available in the state by 2021. However, there are still a number of details to be finalized. Some groups have pushed for an earlier start date.
Legalized sports betting in Massachusetts
During the past five sessions, the Massachusetts state legislature has discussed sports betting in the state. Last month, the state House passed a bill on the topic. The bill is expected to be signed by Governor Charlie Baker and legalized by August 2022.
The bill would authorize seven licenses for mobile betting platforms. These operators would pay a 20% state excise tax on their bets. This tax is intended to drive customers to Massachusetts businesses. The state will not allow out-of-state bets on digital platforms.
The bill also includes a number of consumer protections, including a requirement for individuals to be 21 years old. Credit card companies will be banned from providing payment services to sportsbooks. In addition, advertising will be strictly monitored. The bill also mandates a feasibility study on sports wagering in the state.