States That Legalized Sports Gambling
- States That Legalized Sports Gambling
- Us States That Have Legalized Sports Gambling
- States That Legalized Sports Gambling Legalization
- States That Legalized Sports Gambling Legislation
State Congress has agreed, measure will likely to go into effect in June 2021
South Dakota is known for its scenery, but perhaps there’s a chance it can also be known as a state that legalized sports betting in 2020. Chance of sports betting legalization: MEDIUM.Election results: With 95% of the votes counted, sports betting legalization within the city limits of Deadwood has a commanding lead (58.5–41.5). The following states have legalized sports betting, or legislation has been introduced. Keep in mind that some states have laws on the books legalizing sports betting in the event that the federal. In May 2018, the Supreme Court opened the floodgates. The water continues to rush through. Three more states adopted legalized sports wagering this week, with Maryland, Louisiana, and South Dakota. All the states that have so far legalized sports betting allow it, although some have restrictions. Delaware and New Jersey, for example, prohibit betting on games that involve in-state colleges. The fear of college athletes cheating is rooted in a history of scandals dating to the 1950s, including point-shaving cases in the 1980s and early 1990s. Voters said yes to legalizing sports betting in all three states where the question was on the ballot: Louisiana, Maryland, and South Dakota (for the casino-friendly city of Deadwood).
By Curt Berry, Staff Writer
So, can we gamble on our beloved sports teams, place our five team college football parlays, and take the Bengals against the spread? We can probably find a way, but can we do it legally in Ohio?
Let me fill you in on what’s new with Ohio sports betting. For starters, both sides of state Congress have agreed to legalize sports gambling.
The process to legalize sports gambling is taking awhile because there are still parts of the bill that congress has yet to look over, and with the election going on, they haven’t had a chance to do so.
After the election, however, they will be able to finish it and then pass the bill. It takes roughly six months for the bill to get into action, so it should be effective by June of 2021.
Once June comes around, all the major gambling operations will come to town, such as DraftKings and FanDuel. Gamblers will need to use Wi-Fi and a geolocation that shows they are in Ohio to be able to create an account with these two websites.
You don’t like online sports gambling? Head to the casino, and they should be ready to take your money.
Once this is legalized, you should be able to gamble on sports at every casino in Ohio.
States That Legalized Sports Gambling
As much as the state of Ohio loves seeing you happy and winning money, they will need a cut of this too.
Ohio Casino Control Commission will oversee all sports betting and will charge the following: A 8% tax rate, a $100,000 license at casinos and race tracks, a $10,000 management fee and a $1,000 renewal fee.
The two other major sportsbooks coming to Ohio when betting is legalized are BetMGM and PointsBet.
BetMGM is the online sportsbook partner of the MGM casino. This sportsbook has a history of being the first in line to be in operation once sports gambling is legalized in various states.
You should also expect to see MGM at the physical casinos itself.
The sportsbook has great promotions, so be sure to read up on those when it is legalized. The one I’m most excited for, however, is PointsBet.
PointsBet has all of your spreads, parlays, moneylines, futures, etc… but they also have-wait for it-points betting.
This means you can gamble on a spread, and depending on how many points you win by, you get more money.
For example, if you had the Bengals at +13 but they end up losing by three, you get more money because the Bengals covered the spread by 10 more points than they had to.
However, if they end up losing by 30, you lose more money than what you originally put in. It’s a crazy concept, I know, but I love it, and it’s a fun way to bet.
So we have a couple months before this train really gets rolling in Ohio.
However, it sounds like it will take off faster than Authentic did out of the gates when he won the 2020 Kentucky Derby in September, which definitely made everybody who bet the 8-1 odds happy.
Categories: Sports
- Various states across the nation could still see sports betting legalized in 2020 for a 2021 launch.
- The Coronavirus pandemic may help lawmakers warm up to the idea because of the revenue it could bring to economies trying to come back from huge financial losses.
BOSTON – There are a number of states on the path toward legalizing sports betting during their 2020 sessions.
Although the Coronavirus pandemic has caused hearings to be put on pause or has led to shortened schedules for bills to be heard, the topic of gambling on sporting events is still being considered.
Us States That Have Legalized Sports Gambling
In fact, a general thought by many states in consideration is that sports betting becoming legal would be a helpful revenue stream to recoup money lost during the COVID-19 crisis.
States With Bills Still Open In 2020
States That Legalized Sports Gambling Legalization
Vermont is still in discussions on the legal gambling of sporting events. While they have a few bills that would actually legalize the activity, their latest bill, VT SB 59 would open a study on how betting on sports would affect their economy in all aspects of the market. LegalSportsBetting has spoken to Massachusetts, New York, and Ohio legislators for their bills that would make sports betting legal in those respective states.
Each interview resulted in the goal of getting legal sports betting in the states during the 2020 session. All three understand that the current focus is on how to deal with the damage caused by the Coronavirus but the idea that sports betting could help with the damage is not lost on them.
They have all concluded that once the biggest topics of conversation regarding their states and how to get them reopened have been resolved, budget discussions will be next on the list. This is where bills that center around legal gambling on sporting events would come into play as they could help with bridging deficits only made bigger by COVID-19.
Kansas, California, and Alaska are the last three states that have bills open this session to make sports betting a legal activity. Of the three, Kansas has had the most headway with two bills. One bill, KS SB 283, has gone farther than the other but Kansas Governor Laura Kelly will not move on it until proper amendments are made, one of which is the inclusion of an iLottery.
California would be a huge money pot should they allow legal sports betting to become regulated in their state as they are home to many of the top major sports leagues. Their bills are still open but they are being hit hard with the Coronavirus and have been locked down for some time.
Alaska Governor Mike Dunleavy would like to make the pastime legal in his state but the bills proposed have not made much progress to date, however, there is still hope for them to do so this year.
Governor Dunleavy initially proposed the idea to help with Alaska’s budget and this was prior to the pandemic so the bills may have an even bigger edge in the aftermath of the global crisis for financial reasons.
Other States Requiring A Public Vote
Maryland, South Dakota, and Virginia are all states that have passed legislation to make sports betting legal pending a public vote in November 2020.
Once the constituents vote on the topic, the results will factor into the 2021 session regarding rules and regulations on the actual industry and what it would offer.
Louisiana is currently doing a similar referendum bill, LA SB 130, that is making its way through the House to become legal. Should it pass by June 1 then residents in each individual parish would also get to vote on making sports betting legal in the Pelican State.
The Final Result
If all were to go right with each state mentioned, that would mean more than a handful of new states in the nation could see legal sports betting in 2021. That would make the tally of more than half of the nation embracing the legal gambling on sports matchups.
States That Legalized Sports Gambling Legislation
At the end of the day, every state knows that their resident’s wager on sports, it’s simply a matter of whether or not they want to offer them a regulated and transparent way of engaging in the activity while having their economies profit as a helpful bonus coming off of a pandemic.
News tags: Alaska California Coronavirus COVID-19 Kansas Legal sports betting Louisiana Maryland Massachusetts New York Ohio South Dakota Vermont Virginia
Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.