Whether you’re a sports fan or not, it’s hard to ignore the potential for money involved in sports betting. Depending on the state in which you live, sportsbooks are legal or illegal. Some states allow betting on professional sports while others prohibit it entirely.
Legalization of sports betting in the US
Several states in the United States have been working towards legalizing sports betting. Most states have seen some form of legislation. However, deep-seated political opposition keeps several other states from going online. Despite this, the question is whether Congress will be able to regulate sports betting at the federal level.
In the past four years, the legalization of sports betting in the US has remained a hot topic. Major American sports leagues have called for a regulatory framework. The Pew Research Center analyzed Americans’ views on the topic.
Legalized sports betting in Ohio
Until recently, sports betting in Ohio was illegal. This has changed since the passage of legislation. Now, a number of sportsbooks are planning to open in the state in the near future.
While the exact details are unknown, the proposed legislation gives a number of entities the opportunity to apply for Ohio sports betting licenses. This includes casinos, sports teams, and businesses that are operating in the state. There are also some restrictions. For example, no county with less than 50,000 residents can have a retail sportsbook. Other regulations apply to counties with more people.
Legalized sports betting in Connecticut
Several bills to legalize sports betting in Connecticut have been introduced. These bills will be discussed in the legislature this week. The Public Safety and Security Committee will be hosting a forum on gaming trends. This will be followed by a broader informational meeting.
There is a variety of bills on online betting in Connecticut. Three online sportsbook skins are available to Connecticut residents. They offer a variety of promotions for local teams and offer rewards systems. Site credits can be spent on perks like luxury gifts, odds boosts, and more.
Legalized sports betting in Arizona
Unlike the New Jersey law, Arizona will not require a sportsbook to be built in the state. Instead, it will be located close to a major sports facility.
The Yavapai-Prescott Indian Tribe filed a lawsuit against the state in August to try to stop the bill. The Tribe believes the legislation is unconstitutional. The Tribe’s members have not been invited to participate in sports betting.
The state’s sports betting law allows a total of 20 sports betting online platforms. It also allows for a retail sportsbook. A sportsbook will be located near the State Farm Arena and Coyotes Arena.
Legalized sports betting in Colorado
During the first year of legalized sports betting in Colorado, the number of active sportsbooks nearly doubled. This growth was largely a result of an engaged fan base, as well as favorable conditions.
Colorado’s gambling revenue increased by 42% from July through November of 2020. This growth is expected to continue to rise each year. The state is on track to collect $30 million in sports betting taxes annually. This money will go to schools and help fund Colorado’s water plan.