Sports Betting Options in Illinois Are About to Launch

For months, lawmakers in Illinois have been working to expand the state’s gambling industry. New casino and sports betting options in Illinois are becoming available. According to new reports, this state’s first sportsbooks are set to launch this month.Flag Of Illinois

It’s exciting news for sports fans here. Today, we’re going to look at what new gambling options are coming here. We’ll also discuss when Illinois’ sportsbooks will finally launch.

Let’s get into it!

Illinois Lawmakers Push For Gambling Expansion

A huge number of states around the country are currently working to expand their gambling industries. Much of this process began after the Supreme Court decided to remove PASPA. Doing so gave every state the ability to set its own laws on sports gambling.

This led to many states changing their set of gambling laws. Lawmakers began to realize how much money could be earned from this industry. Within just months of PASPA being removed, New Jersey and Delaware already had their sports betting options up and running.

States began looking into new casino regulations, as well. This includes Illinois. Back in June, officials in this state presented a new capital plan that allows for five new casinos to open up.

This includes a casino in Chicago. Officials immediately began looking at sites for this new venue. Unfortunately, the tax structure set for the Chicago casino was unusually high and kept many companies from wanting to enter into this city.

Within the next few years, several new casinos will officially begin operating in this city. Now, reports indicate that sports betting options in Illinois are set to launch in the coming days.

Sports Betting Options in Illinois Will Become Available For March Madness

The NCAA Men’s Basketball Tournament, also known as March Madness, is one of the most-watched sporting events in the country. It draws in millions of spectators to watch the top collegiate teams compete for the championship. Unsurprisingly, it’s also one of the sporting events that draws in a huge number of bets.

It seems like officials in Illinois want to take a piece of the revenue that will be wagered on the tournament. According to the Chicago Tribune, the first sports betting options in Illinois will officially become available in time for March Madness. The Illinois Gaming Board approved a sportsbook to open at Rivers Casino on Monday.

Dan Nita, regional president of Caesars Entertainment, parent of an Illinois casino called Horseshoe Hammond, spoke about how this may affect the state’s gambling industry.

“Obviously, just from a pure supply and demand standpoint, that will definitely have some degree of impact in guests having more choices,” he said.

Illinois will officially become the 15th state to have live, regulated sports betting. We’ll need to wait and see how successful the industry is here.

Chicago Casino is Still at a Standstill

Illinois has gradually become a popular gambling destination. There are many casinos spread around the state, many of which offer a huge range of different games. Under the new capital plan, five new casinos will open in different parts of the state.

As we already mentioned, a casino-resort will open in Chicago. At first, many predicted this would be one of the most successful gambling venues in the midwest. Unfortunately, lawmakers have set unusually high tax rates for the casino, forcing many gambling operators to turn their heads away.

Mayor Lori Lightfoot continues to push for this casino to open. She believes it will help to bring the city and state valuable revenue. Unfortunately, this property remains at a standstill.

In other parts of the state, casino plans are coming together. It’s beginning to look like Rockford and Waukegan will soon welcome new properties.

Sports betting options in Illinois are launching in just a few days. It will be interesting to see the state’s gambling industry expand as a result. Make sure to stay tuned for updates over the next couple of months!

CT’s Sports Betting Laws Are Coming Together

Lawmakers in Connecticut have been working to legalize and regulate sports betting for years. Now, it appears that CT’s sports betting laws are nearly set in place. This week, Governor Ned Lamont endorsed a bill that allows for this form of gambling to take place in the state.Ned Lamont

Not everyone is happy about this, though. The Mohegan Tribe has already voiced its disapproval with Lamont’s support for the new bill. Today, we’re going to take a look at what exactly is going on here.

Let’s get into it!

New Gambling Bills Continue to Pop Up in Connecticut

Connecticut is a small state, home to just 3.5 million individuals. Nowadays, it’s considered very liberal when it comes to the gambling industry. Most traditional forms of gambling are perfectly legal here, including casino gambling.

Only tribal casinos are able to operate in Connecticut. The Mohegan Sun and Foxwoods Resort Casino are both popular gambling venues here. For years, tribal leaders in this state have pushed to open a new casino in East Windsor. It’s unclear whether or not this new venue will be able to open anytime soon.

The discussion around sports betting has been raging here for years, as well. In May of 2018, the US Supreme Court removed PASPA, giving every state the ability to regulate sports gambling. More than 20 states have since done so, and most are earning a huge amount of revenue from this industry each month.

Several sports betting bills have been presented in Connecticut over the past few years. This includes several new ones put forward at the beginning of the year. One favors the Native American tribes in the state. The other is more favorable to the state’s non-tribal gambling operators.

This week, Governor Ned Lamont voiced his approval for one of these bills. Unsurprisingly, the decision has generated massive controversy. Here’s who’s now complaining.

CT’s Sports Betting Laws Endorsed by Lamont Angers Tribes

Ned Lamont has been studying the sports betting bills presented here for years. He hasn’t made it easy for the proponents of this new industry. Part of the reason for this hesitation to approve CT’s sports betting laws was the state’s Native American tribes claiming they should be given exclusive rights to offer sports gambling options.

At the moment, the state’s tribes are the only groups with permission to operate casino gambling options in Connecticut. This gives them significant power. These tribes help to bring the state millions of dollars every year via taxes.

Connecticut’s tribes presented a sports betting bill early this year that would only allow for sports wagers to be placed inside tribal casinos. Other lawmakers set forward a bill that would allow for the tribes, the Connecticut Lottery, and Sportech the right to offer sports gambling options.

On Tuesday, Ned Lamont endorsed the second bill. The state’s tribes were not pleased. Max Reiss, Lamont’s communication director, commented on the decision to the media this week.

“The governor is committed to a fair resolution that brings Connecticut’s gaming economy into the 21st century,” he said. “He wants to sign a sports betting bill into law over the next few months.” 

Some analysts now believe the tribes here will challenge the decision in court. If that happens, it may be some time before any sports betting regulations are set in place here.

Online Gambling Continues to Grow in Connecticut

Connecticut’s gambling industry is in an unusual place right now. As we just mentioned, lawmakers in the state and tribal leaders are battling over sports betting regulations. The tribes here are also working hard to open new casinos.

In recent years, the popularity of online gambling in Connecticut has grown considerably. This industry remains unregulated in this state. Fortunately, there are no laws in CT that claim it’s illegal to make wagers online.

One site that’s grown hugely popular is Bovada. This site is known to be one of the best online sportsbooks in the US. It offers a huge number of betting options and a safe, simple payment system.

Bovada also provides some fantastic casino gambling options. There are hundreds of slots available and all major table games including blackjack, roulette, and craps.

Hopefully, CT’s sports betting laws are agreed to by lawmakers and tribal leaders. Until that happens, the best way to place sports wagers here is through online betting sites.

It’s a very interesting time for this state’s gaming industry. Stay tuned for updates over the next few months!

MI’s Sports Betting Options Are Almost Available

Michigan’s Governor officially signed a sports betting law into place back in December of 2019. Since that time, state officials have worked to come up with specific regulations for the industry. Based on new reports, MI’s sports betting options are likely to become available next month.Michigan State Flag

It’s great news for sports fans here. Hope is that the first regulated betting options become available prior to March Madness. Today, we’ll give a quick update on the status of sports betting here.

Let’s get into it!

Michigan Lawmakers Decided to Legalize Sports Gambling

The discussion of legalized sports betting is raging around the country. Much of this is due to the fact that the Supreme Court struck down PASPA in May of 2018. After this decision, every state in the country was given the ability to legalize sports gambling.

As of now, 21 states have passed bills to start regulating their sports betting industries. This includes New Jersey. Since legalizing sports betting, New Jersey is now earning millions of dollars every single month through taxes from the industry.

More states have begun to realize how much money can be earned from sports gambling. Back in late 2019, Michigan’s lawmakers began a push to open this industry. By December of that year, Governor Gretchen Whitmer finally approved a sports betting bill.

There was some debate over when the first sports betting options would become available here. In January, it seemed as if things were getting delayed and internet sports betting would not become available until 2021. This week, reports surfaced that MI’s sports betting options are likely to become available soon.

It’s clear that state officials here are taking their time with this new form of gambling. They want to ensure that problem gambling does not become a major issue. Here’s what new reports about this industry are saying.

MI’s Sports Betting Options Should be Available By March Madness

Michigan is home to a huge number of passionate sports fans. Several major sports teams are based here and many have been asking when the first regulated online sportsbooks would become available here. It now appears that we have an answer.

Several politicians in the state claim that the first sportsbooks will start operating here before the start of March Madness. Richard Kalm, Executive Director of the Michigan Gaming Control Board, claims these betting options will launch soon. Specific regulations for this industry are being finalized.

There’s a reason why the regulatory process is being streamlined. March Madness is known as one of the most popular sporting events to bet on in the country. Millions of dollars are wagered on the NCAA tournament.

Michigan will likely earn a huge piece of revenue from March Madness. State officials want to ensure they’re earning money from this new industry.

MI’s sports betting options are finally set to launch. Some feel that Michigan will grow to become one of the country’s true sports gambling hubs. Several casinos here are already gearing up to launch their sportsbooks.

North Michigan Casinos Prepare to Launch Sportsbooks

Michigan is home to several popular casinos. Many operators of these gambling venues are now expressing a desire to launch sports betting platforms. The Grand Traverse Band of Ottawa and Chippewa Indians announced they’re planning to launch sportsbooks before the end of the year.

This tribal group owns two casinos in Northern Michigan. Tribal leaders claim that they’ve teamed up with William Hill to launch sports betting options in these venues before the start of the next NFL season. Joe Asher, CEO of William Hill US, commented on the new partnership to the media this week.

“We are pleased to have found a great partner in the Grand Traverse Band of Ottawa and Chippewa Indians and look forward to working with the Tribe to bring a leading retail and online sports betting experience to sports fans in Michigan,” he said. “Michigan will be a key state in William Hill’s U.S. expansion due to its large population and deep rooted-sports culture with so many popular college and pro sports teams.”

The Turtle Creek Casino & Hotel and Leelanau Sands Casino are both set to launch these sports betting platforms. Both land-based and online sports betting options will be available here.

MI’s sports betting options could officially launch within the next few weeks. Time will tell how successful this industry will be for the state. Stay tuned for updates!

WA’s Sports Betting Bill Advances Once More

Lawmakers in Washington are currently working to expand the state’s gambling industry. A push to legalize sports betting has been going on here for months. This week, WA’s sports betting bill officially passed through another legislative session.

Stamp Of Approval

Based on the way things are going, sports betting will be up and running here before the end of 2020. It’s an extremely exciting time for sports fans in the state. Today, we’ll look at the road to get sports gambling legalized here.

Let’s get into it!

The Casino Industry in Washington Continues to Grow

There was a time when Washington was an extremely anti-gambling state. For decades, almost no forms of gambling were allowed here. It was disappointing for the huge number of gambling fans that lived here.

Fortunately, things have improved dramatically. In the late 1980s, the Supreme Court passed the Indian Gaming Regulatory Act. This immediately gave Native American tribes in every state the option to run gambling venues on sovereign land.

About a decade later, several tribal casinos opened up in Washington. These gaming venues proved to be extremely popular. They draw in many locals and visitors from nearby states, bringing in millions of dollars through taxes. More recently, lawmakers here began looking at the possibility of legalizing sports betting.

This is all thanks to the Supreme Court striking down PASPA in May of 2018. Now, every state can set its own laws on sports gambling.

WA’s sports betting bill has been working its way through the state’s legislative process. This week, another state government body here officially approved the bill.

WA’s Sports Betting Bill Advances Once Again

As of today, 21 states have officially legalized sports betting. Based on the way things are moving, Washington will be the next. House Bill 2638 was presented earlier this year. It’s already moved quickly through the state’s legislative process.

This week, the bill was approved by the Senate Labor and Commerce Committee. It’s a huge moment for the state’s sports betting industry. WA’s sports betting bill was also recently approved by the House here by a margin of 82-14.

Lawmakers here are making the argument that online sports betting is already taking place in this state. Adding regulated sports betting options here will help earn the state valuable money. This argument seems to be working.

There are only a few more steps needed before this bill is officially approved. Eventually, Washington residents will need to vote to allow this form of gambling. Most analysts predict this will happen before the end of the year.

Unfortunately, Washington is only preparing to allow sports bets to be made in-person inside tribal casinos. This will make it hard for the state to compete with nearby states like Oregon, where online sports wagering is allowed. It remains to be seen how successful Washington’s new sports betting industry will become.

More States Push for Sports Betting Legalization

Washington seems poised to legalize sports betting this year. It’s unfortunate to see that lawmakers here aren’t interested in allowing online sports wagering. Nevertheless, this industry is likely to bring the state valuable revenue.

Several other states are likely to start regulating their sports betting industries over the next few years, as well. One state that seems poised to allow this form of gambling is California. This state is home to a huge number of tribal casinos. The legalization of sports betting would earn the state millions of dollars every single month via taxes.

There are several states that have legalized sports betting, yet have not yet launched any sports betting platforms. Gambling commissions across the country are still working to come up with specific regulations for this industry.

WA’s sports betting bill has passed through another important legislative session. It seems likely that legal, regulated sports betting options will become available here before the end of the year.

It’s an exciting time to be a sports fan in this state. Stay tuned for updates on the situation here over the next few months!

Gov. DeSantis Still Wants to Solve Florida’s Gambling Issues

For months, lawmakers in Florida have discussed ways to improve the state’s gambling industry. State officials have been trying to come to a deal with the Seminole Tribe, who own several major casinos. A deal wasn’t made this week, yet Governor Ron DeSantis is still determined to solve Florida’s gambling issues. Florida

There’s a lot going on here. As of now, the state cannot come to an agreement with the Seminoles on a new tax structure. Today, we’re going to look at what exactly is going on here.

Let’s get into it!

The Seminole’s Fight Over Gambling in Florida Has Lasted Months

The Seminole Tribe in Florida is one of the most notorious Native American groups in the country. Over the past few decades, this tribe has developed a massive casino industry. Unfortunately, tribal leaders have been fighting with Florida’s lawmakers over revenue-sharing deals.

In 2010, the Seminoles agreed to a compact with Florida that brought the state hundreds of millions of dollars annually. Tribal leaders now claim this deal is no longer valid. They are claiming that it was only agreed to for a period of 10 years.

Now, the tribe wants to negotiate the deal. In mid-2019, the first negotiations between the Seminole and Florida lawmakers took place. Hope was that a new compact could be agreed to before the end of the year.

That wasn’t the case. The previous compact officially expired in May. Since that time, the state has lost out on millions of dollars in gambling tax revenue. Both the tribe and state officials believe the other is in the wrong.

Unfortunately, this is causing some major issues. The state has threatened to shut down the tribe’s casinos. Meanwhile, Seminole leaders have been battling in the courts against politicians. Hope was that this week would finally bring an end to this fight. According to new reports, this is not the case.

Florida’s Gambling Issues Continue After Another Deal Falls Through

The Seminole tribe is taking a hardline stance here. For the most part, the tribe has been unwilling to enter into any kind of meaningful negotiations. That’s made it difficult for Florida’s House and Senate, who’ve been working to come up a new deal on their own.

This week, Florida’s House Gaming Control Subcommittee canceled another meeting between the two chambers. It was disappointing news for many who’d hoped to see this dispute finally come to an end. Even Governor Ron DeSantis is claiming he wants Florida’s gambling issues to be resolved.

“I have not met with them yet. But I would like to have a resolution, and so I anticipate meeting with them in the not-too-distant future,” DeSantis told the media. “I hope we can get something done. I think it would be good, if we can. But that is definitely on the agenda on the not-too-distant future.”

The Seminole tribe has officially stopped paying it’s annual $330 million to the state. For this reason, many lawmakers are making this dispute their number-one priority.

DeSantis seems focused on solving these issues. The tribes want a long-term deal with the state that cuts taxes. Officials want to ensure the state is getting what it’s rightfully owed. We’ll need to wait and see how this plays out over the next few months.

Sports Betting is Still Being Considered in Florida

In May of 2018, the Supreme Court struck down PASPA, giving every state in the country the ability to legalize sports gambling. Since that time, 21 states have officially passed legislation to regulate their sports betting markets.

This industry is proving to be incredibly lucrative. Taxes from legal sports betting is helping to bring many states millions of dollars every single month. As time goes on, more states are becoming interested in legalizing this form of gambling.

In November of 2019, the first sports betting bills were presented in Florida. Senator Jeff Brandes presented the legislation “specifying requirements for accepting wagers on sports events.” State officials have been reviewing these bills for the past few months.

It seems likely that Florida will soon regulate sports betting. The only issues may come from the Seminole tribe, who are likely to argue that sports betting should only be allowed inside their casinos. As of now, however, the legalization of both land-based and online sports gambling is being considered here.

Florida’s gambling issues have been dragging on for months. Is this the year they finally end? Stay tuned for more updates!

Online Sports Betting in PA Continues to Bring in Revenue

Sports betting first became available in Pennsylvania in late 2018. Over the past couple of years, this industry has grown extremely popular here. New reports show that online sports betting in PA makes up for about 90% of all sports wagers placed.PA State Seal

This isn’t much of a surprise. Online gambling is growing more popular around the entire country. Now is the perfect time to check out how much revenue Pennsylvania’s sports betting industry is managing to bring in.

Let’s get into it!

Pennsylvania’s Gambling Revenue Continues to Fluctuate

Not long ago, Pennsylvania took a somewhat hardline stance towards the gambling industry. This is no longer the case. Today, just about all forms of gambling are available here. Revenue from this industry has fluctuated since these new gambling options became available.

In May of 2018, the Supreme Court struck down PASPA. This gave every state in the country the ability to legalize and regulate sports betting. Lawmakers in Pennsylvania immediately began taking steps to open this sports betting industry and by November of that year, it became legal.

That wasn’t the only form of gambling to recently become available here. In November of 2019, lawmakers here started allowing online poker. This form of gambling has grown extremely popular in just a few months.

Pennsylvania’s gambling industry is growing bigger every single month. It has a lot of competition, though. New York, New Jersey, and Delaware all have surging gambling industries, as well.

This week, sports betting revenue reports became available here. Let’s take a look at how much this industry is managing to bring in.

Revenue From Online Sports Betting in PA is Surging

Sports betting is growing more popular every single month. This is especially true in Pennsylvania. Last month, sports betting revenue here hit a new record.

More than $384 million was spent on sports wagers last month. These wagers were placed through the state’s eight online sports betting sites and 12 land-based betting venues. Revenue from this industry came out to $31.6 million in January.

Many believe that Super Bowl bets placed in January helped to increase revenue here. Interestingly, close to 90% of all the sports wagers placed in Pennsylvania last month were done online. FanDuel’s online sportsbook continues to be the biggest revenue earner for the state.

Land-based sports betting revenue actually dropped last month by 11.8%. This is the lowest revenue from brick and mortar sports betting venues since September. It’s clear that online sports betting in PA is beginning to take over.

Gambling competition remains very high in the northeast of the country. New York, in particular, is working hard to improve its gambling industry.

New York Continues Looking at Gambling Expansion Plans

New York is another state that’s only recently begun to embrace the gambling industry. Over the past decade, a huge number of casinos have opened in the Upstate area of New York. Unfortunately, the large number of gaming venues in this state is making it hard for the casinos here to be profitable.

To help with things, lawmakers in this state decided to legalize sports betting. Hope was that it would draw in more people to the state’s land-based casinos. That hasn’t necessarily been the case.

Things do seem to be improving, though. Each of the four casinos in Upstate New York is starting to see revenue increases. Resorts World Catskills, one of the biggest casinos in the state, saw its revenue increase by 48% last year. Lottery ticket sales are decreasing here.

State officials continue discussing the possibility of allowing sports bets to be placed online. Lawmakers in New York are beginning to see how much revenue is being earned from online sports betting in PA. Many believe that online sports wagering will become legal here within a year or two.

Pennsylvania’s sports betting industry continues to grow. Other states are beginning to take notice. We’ll need to wait and see how much revenue from this industry grows for the rest of the year.

Stay tuned for more Pennsylvania gambling news over the next few months!

Legal Sports Betting in Washington is Almost Here!

Washington may be the second state on the West Coast to officially legalize sports betting. Many politicians and sports fans want to see this form of gambling finally allowed here. Today, we’re going to talk about how this push to have legal sports betting in Washington came about.Sports Betting Picture

Many states around the country are now legalizing sports gambling. It’s proving to be an extremely lucrative industry. Lawmakers in Washington seem to recognize this fact.

Here’s what’s happening!

Washington’s Set of Gambling Laws, Explained

It might come as somewhat of a surprise to some, but Washington is home to a huge number of legal gambling options. This state is somewhat of a gambling hub for the Pacific Northwest. Most traditional forms of gambling are perfectly legal here.

This wasn’t always the case, though. For many years, Washington held a largely anti-gambling stance. In fact, some of the early leaders of this state set a blanket ban on gambling that lasted for decades.

In the 1980s, things began to change. Lawmakers here realized it was time to open a state lottery. About ten years later, the state approved plans to allow Native American tribes to operate casinos on sovereign land.

There are now a huge number of casinos in Washington that residents and tourists can access. Unfortunately, this state is against online casino gambling. A law was passed here in 2006 that seemed to criminalize playing casino games over the internet.

Some feel this law only makes it illegal to play casino games through sites based within the state. Others feel it’s a blanket ban on internet gambling.

Lawmakers are once again starting to embrace change. New reports indicate that legal sports betting in Washington may be just around the corner.

The Road to Legal Sports Betting in Washington is Almost Complete

The US Supreme Court decided to strike down PASPA in May of 2018. It was a monumental decision that immediately allowed every state in the country to set their own laws on sports betting. Today, more than 20 states have passed bills to legalize this industry.

It now looks like Washington is next. Two sports betting bills were presented here in February of 2019. This week, one of the bills to allow legal sports betting in Washington advanced to a final House vote.

This bill, called HB 2638, only allows for sports betting to take place inside tribal casinos. A House Appropriations Committee voted 25-7 to approve these new measures. The decision will now head to the House, and then the Senate for final approval.

Strom Peterson, a sponsor of this new bill, commented on the news to the media this week.

“I’m hoping to get this moving over to the Senate on a relatively fast timeline,” he said. “We’ll see if that happens, but with a very bi-partisan vote that we just had this evening, I think that helps.”

That’s certainly true. Both democrats and republicans are getting on board with the idea of legal sports betting. Most agree it will help to bring the state millions in additional revenue each year.

Will this state’s sports betting market be able to compete with Oregon’s?

Oregon’s Sports Betting Market is Set to Expand

Oregon was quick to jump on the sports betting train. Lawmakers here approved a bill to legalize this form of gambling in 2019 after months of careful consideration. Here, both land-based and online sports wagering is allowed.

Not long after approving this law, state officials began looking to expand the market. Soon, several new tribal casinos in the state will be allowed to offer sports betting odds. Several betting kiosks will also soon begin offering sports gambling options at different bars and retailers.

This isn’t going to make things easy for Washington’s sports betting market. The option to place wagers on different sporting events is welcomed here, yet the inability to make bets online is confusing.

Things are clearly going well for Oregon, though. Lawmakers in this state seem pleased with the revenue flowing in.

Legal sports betting in Washington may become available within the next few months. Hopefully, California completes the West Coast sports betting legalization this year, as well.

Stay tuned for more updates over the next few months!

Half the US Population May Soon Have Legal Sports Betting Options

For nearly two years, the US has begun to embrace the sports gambling industry. A huge number of states now allow sports betting and many more have plans to legalize this form of gambling over the next few years. New reports indicate half the US population may soon have legal sports betting options.Map Of The US

It’s great news for sports fans in the country. The US is finally catching up to Europe, where sports betting is hugely popular for decades. Now is the perfect time to look at how this industry has evolved and what to expect in the future.

Let’s get into it!

The Removal Of PASPA Changed the US Gambling Industry

The United States has always been a passionate sports country. Unfortunately, sports gambling was banned here for many years. Lawmakers here approved PASPA in 1992, essentially killing the sports betting industry. This set of laws made it illegal for any state besides Nevada to offer sports betting odds.

For Nevada, this was actually a good thing. A huge number of tourists would flock to different Las Vegas casinos just to enjoy the legal sports betting options available. The city earned millions in sports gambling revenue every month.

In May of 2018, things took a massive turn. After years of lobbying from New Jersey, the Supreme Court finally decided to overturn PASPA. Immediately afterward, every state in the country had the ability to set its own laws on sports betting.

Many states began instantly crafting legislation to legalize this industry. New Jersey almost immediately allowed casinos in Atlantic City to offer sports betting odds. Today, more than 20 states now have legal sports betting options available.

It’s clear that sports betting is becoming the norm in the US. Lawmakers here recognize how much revenue can be earned from the industry. A new report detailed just how popular this form of gambling may soon become in the near future.

Bank of America Reports on the Growth of Legal Sports Betting Options

As we just mentioned, nearly half of the states in the country now have legal sports betting options available. That doesn’t mean that half the population can place bets legally in their home state, though. Some of the biggest states in the country such as California and Texas have yet to approve any sports gambling legislation.

According to a new report, though, this could soon change. Bank of American claims that more than 50% of Americans will soon have sports gambling options available in their home state by 2022. The bank also states that revenue from this industry will reach $20 billion in the same time period.

“We think the success, adoption and technology behind online and mobile sports could be a catalyst for wider iGaming penetration, a notable shift for an industry that has thus far not been widely impacted by the Internet,” said Shaun Kelley, a research analyst at Bank of America. 

Unsurprisingly, a huge number of companies are now investing heavily in the sports betting industry. Barstool Sports is set to open a sports betting platform. The company was recently valued at $450 million after securing a new deal with Penn National Gaming.

The sports betting industry is soaring right now. Even some of the biggest sports leagues in the country are getting on board. Here are some of the states that are poised to legalize this industry soon.

More States Gear Up to Legalize Sports Betting

When PASPA was first struck down, there was a debate as to how successful sports gambling would be in the United States. Some felt that it would never reach the same level of popularity as casino gambling. This is not the case.

It’s turned into one of the fastest-growing industries of all time. The amount of revenue that’s being generated is astounding. As a result, more and more states continue to push to allow legal sports betting options.

Analysts are following California’s road to sports betting legalization. This state is home to nearly 40 million people. If sports betting is legalized here, the amount of revenue that the state would earn is immense.

Several major states have already presented sports betting legislation. Many of these bills are likely to be approved over the next couple of months.

It’s a great time to be a betting fan in the US. Make sure to stay tuned for more US sports gambling news over the next few months!

US Sports Betting Industry Set to Generate Billions Over the Next Few Years

The US gambling market is considered by many to be the most lucrative in the world. This is especially true now that sports betting is legal in many states. New reports indicate that the US sports betting industry will grow significantly over the next several years.

Hundred Dollar Bills

This proves just how quickly sports gambling is growing throughout the country. Today, we’ll look at which states currently allow sports betting and which ones are likely to legalize this form of wagering in the near future.

Nearly 20 States Have Now Legalized Sports Gambling

In May of 2018, the US Supreme Court struck down PASPA, a set of laws that limited sports betting to Nevada. With PASPA gone, every state in the country now has the ability to set laws on the sports betting industry. Almost immediately, a huge number of states began regulating this industry.

New Jersey was the first state outside of Nevada to officially legalize sports gambling. It proved to be a fantastic decision. The state’s sports betting market is now the most lucrative in the country. On several occasions this year, New Jersey’s sports betting market has generated more revenue than Las Vegas’.

New York, Pennsylvania, Mississippi, and more states all enjoy a regulated sports betting market. In most of these states, both online and land-based sports gambling is allowed.

Many states have also taken steps to legalize sports betting, yet have not yet launched any sports betting operations. Montana, Tennessee, and Illinois all fit into this category. Hope is that these states will launch their sportsbooks before the end of the year.

It seems likely that in time, every state will legalize sports gambling. Lawmakers across the country realize the massive earning potential from this industry.

New reports shed light on just how quickly the US sports betting industry is growing.

US Sports Betting Industry is Growing Faster than Many Predicted

Everyone knew that sports betting was popular in the US. Not many predicted it would be growing as quickly as it is right now, though. Reports are surfacing that indicate the US sports betting industry will start generating billions of dollars by 2025.

Several investors and sports betting companies made this prediction public this week. Morgan Stanley, one of the top US investment firms, predicts that the industry will generate $7 billion over the next five years, significantly more than the $833 generated this so far this year.

This is still significantly less than what casinos in the US generate every year. It’s still a major revenue increase, though.

Several other companies including MGM Resorts, Hard Rock International, and Mohegan Sun all predict that the industry will generate between $6 to $8 billion by 2025. Many are quick to point out that competition is growing and some sports gambling operators will ultimately fail.

Scott Butera, president of interacting gaming for MGM Resorts International, commented on the competitive nature of the US sports betting industry to the media this week.

“It is a growing market here in terms of revenue but it’s a very tough market,” he said. “Everybody wants to be here. Ultimately I think we’ll see some shaking out. I’ll take the over on $8 billion.”

More States Will Soon Legalize Sports Betting

There’s never been a better time to be a sports fan in the US. As we’ve already mentioned, a huge number of states have outright legalized sports gambling. Soon, many more states are likely to start regulating this industry, as well.

Many believe that California will eventually choose to regulate its sports betting market. California is home to a huge number of tribal casinos. These gambling venues help to generate massive revenue for the state every year. Sports betting would increase this revenue substantially.

At the moment, there are several fantastic betting sites that are available in every single US state. These websites are not regulated by state governments, yet most are well-known for being extremely safe and offer a wide range of both sports gambling and online casino gaming options.

This site has grown extremely popular over the past five years. It allows members to wager on thousands of different sporting events every single month. Feel free to check it out today.

The US sports betting industry is growing bigger every single day. If predictions are correct, this industry will begin generating billions of dollars within just a few years.

Stay tuned for more US gambling news over the next few weeks!