If you enjoy watching your favorite team play, you should check out the latest on legal sports betting. The Washington Post has closely followed the controversial awarding of a sports betting contract to Intralot, which the council favored over competing proposals. This process was controversial because the council bypassed the traditional Request for Proposals process and made Intralot the winning vendor, without considering any other bids. While legalizing sports betting in your state may seem like a dream come true, the laws surrounding it vary widely.
New Jersey, Delaware and Rhode Island have legalized sports betting
While the US Supreme Court has ruled against the federal law banning sports betting, New Jersey’s legislature has passed legislation allowing sports wagering. The state is now waiting on the governor’s signature to make the law official. New Jersey has launched retail and online sportsbooks, and mobile sports betting is in the works as well. In March, New Jersey’s online sportsbooks collected $24.2 million in revenue.
Since Murphy v. NCAA, New Jersey, Delaware, and Rhode Island have made sports betting legal. The states have worked with the four major professional sports leagues to draft sports betting legislation. The NBA, MLB, and PGA Tour are among the groups that lobbied to legalize sports betting. These organizations drafted the “Model Legislation” that was introduced to the legislatures. Eventually, the states have passed their bills and sports betting has hit the ground running.
Kentucky has legalized sports betting
While most states have legalized sports betting, Kentucky is still one of only 17 to not have legalized it. Opponents of sports betting argue that it will take money away from families and will create more social problems than it will solve. While Kentucky does not have an NFL team, it has a large population of football fans, and the Super Bowl is said to be the biggest sports betting event of the year. In the coming year, the Kentucky legislature will vote on legalizing sports betting.
While KY sportsbooks may not offer sports betting markets for elections, these sports can be found at many sites in the US. In addition to sports events, KY legal sports betting sites also allow users to make prop bets on events happening in the future. Prop bets include things like the Bengals QB throwing 300 yards, or the safety of a particular player in the Super Bowl. In-game wagers are also legal. Some Kentucky legal sports betting websites offer hundreds of these bets each game, while others only offer a few. KY sports betting sites may offer the same wagers on multiple games, while others will have very limited options.
Ohio has legalized sports betting
In an effort to attract more sports fans, Ohio has legalized sports betting. While the process of legalizing sports betting has been slow, it is expected to be completed in 2021. Residents of the state are encouraged to check out the odds and lines for their favorite teams. There are a number of advantages to betting on sports in Ohio, including the ability to bet near the border. But before legalizing sports betting, residents should know what it means for them.
One obvious advantage of allowing sports betting is the potential revenue. The state could increase its tax revenue, which would open the market for more operators and help fund other pressing state needs. Ohio could also welcome companies like DraftKings and other new sports betting operators. If the state allows for sports betting, this could help combat gambling addiction in its residents. And it would help Ohio compete with other states with legal sports betting. However, it should be noted that legalizing sports betting in the state does not mean that gambling is legal in every state.