The familiar catalysts of rising consumer penetration and increasing state-level legalization could drive the North American online casinos and sports wagering market to $42 billion, according to CFRA Research.
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North Bay tribes are throwing their support behind a state initiative to legalize sports betting at casinos on native lands.
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Aided by more states joining the live and legal party, the US sports betting handle more than doubled from the levels seen prior to the coronavirus pandemic, according to Canaccord Genuity.
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The expansion of sports betting in North Carolina has not seen the expected progress, although supporters of the legislation say there might be an advance in June. Senate Bill 688 (SB 688), which was filed by Senators Jim Perry and Paul Lowe, has been at a standstill since April 8, when it was referred to the Committee on Rules and Operations of the Senate.
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When Wyoming legalized sports betting earlier this year, the proposed launch date for sports betting in the state was fixed as September 1. Betting operators were eager to get their betting licenses in Wyoming and be prepared to launch before the start of the NFL season.
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The Wyoming Gaming Commission (WGC) met on Tuesday to agree on the rules and regulations for the regulated sports betting market in the state. The draft will be submitted to Governor Mark Gordon for his approval. However, the 45-day public window for comments and opinions on the draft will open, having a final version become official by the end of July.
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With the end of the North Carolina Legislature’s 2021 regular session fast approaching, sponsors of bills that would authorize and regulate sports betting hope to see discussion of their legislation this month.
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As the instruments setting up the mechanics that soon will allow most Louisiana residents to wager on sporting events get closer to final legislative approval, the state Senate on Wednesday advanced the bill that details where the money will go.
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The Louisiana State Legislature is nearing the buzzer as they are set to adjourn for 2021 on June 10, making sports betting regulatory bills a hot topic recently. In November, sports gaming was voted on by constituents to become an industry in 55 of the 64 parishes in the state.
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It appears the basic truth along with a good business decision is not enough to satisfy all.
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The state gaming department still has to finish writing its event wagering rules. It will also have to process license applications and run background checks before the betting windows and apps can open in Arizona.
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