Legal Us Online Gambling
If the bill passes, members of the Sports Betting Alliance could link up with sportsbook operators to offer online betting platforms and brick-and-mortar retail outlets. State lawmakers missed the opportunity to bring sports betting to Texas in 2021, but there’s now a bullseye on tabling legalization in 2023. According to a state regulator, ongoing delays with the approval process signal no action to legalize sports betting in Maryland until early 2022.
The official online and mobile rollout took place on May 1, 2020, with DraftKings, FanDuel, BetRivers and BetMGM all going live on the same day. Online sports betting has been legalized in a number of states to date, and the list is expected to continue growing in the coming years. In 2018, the Supreme Court placed the matter of legalizing sports betting into the hands of the individual states to decide on. While sports betting has since been legalized in a number of states, legislation hasn’t been passed on a federal level. There is no clear-cut answer to this question, as the regulations are set by the individual states. Generally though, it is safe to assume that any state that legalizes sports betting will allow wagers on all professional and collegiate sports contests.
DraftKings is the sole mobile operator in the state, though there are a handful of retail betting locations that have opened or intend to do so. Not surprisingly, Montana’s limited betting options and sparse population make it a small part of the overall U.S. market. Though it has a smaller in population and has no professional sports teams, it could still be among the more lucrative per capita markets in the country.
In light of these developments, it seems likely that online betting will go “live” sometime during the first quarter of 2022. On March 18, 2021, South Dakota enacted legislation authorizing retail and mobile sports betting on the premises of a licensed casino located in the municipality of Deadwood. The South Dakota Gaming Commission has released a regulatory timeline that anticipates an official sports betting “launch” on September 9, 2021, and it appears to be on track to meet this goal. On July 14, 2021, the Commission passed a final set of sports betting regulations, which will be sent to the state legislature for approval at a hearing scheduled for August 2. Wyoming enacted legislation legalizing online sports betting on April 5, 2021.
Offshore online sportsbooks typically have the most wagering options, as state-licensed sites and sportsbooks sometimes have restrictions on local collegiate teams. For example, BetOnline might have a spread at the standard -110 odds, while a local sportsbook could have the same line at -140 odds . Sports bettors should always shop lines between multiple sportsbooks in order to find the best odds with the biggest payouts. The Indiana legislature passed legislation to legalize sports wagering in late April 2019, and it was signed by the governor on May 8, 2019. Laws regulating sports betting in Indiana also allows state-wide online sports wagering, making the state one of the most comprehensive sports wagering destinations on the map. Each industry is different when it comes to sports betting rules and regulations by state.
The Department of Justice complicated things in 2019 with a sudden decision to go back to its pre-2011 interpretation of the Wire Act. Under the current opinion, the DOJ believes the Wire Act applies to all forms of gambling. The implications of the decision are unclear, but the decision has not stopped a growing number of states from taking up sports betting legislation. Legal sports betting has expanded as well thanks to a 2018 Supreme Court decision striking down the federal prohibition.