Since New Jersey became the first new state to authorize sports betting, more than a half-dozen states followed our lead. And while other states had their heads in the right place, the manner in which they authorized sports betting has led to less than expected results.
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Sports gambling in Iowa still isn't reality, but we're inching closer to that changing. It all hangs on an official ruling from the Iowa Racing and Gaming Commission. But before that's approved, casinos are already rushing to get ready.
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American sports bettors may end up paying the price of high licensing fees and taxes as new U.S. states open up sports betting.
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The state is eyeing a sports betting industry that will generate $254 mm in annual, taxable gaming revenue. That comes from a projection that the state’s 21-and-over population of 4.95 mm and about 3.52 mm of-age tourists will generate, on average, $30 in gross gaming revenue annually.
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West Virginia’s sports bettors may soon be back betting on the fly as a DraftKings mobile app grows closer to receiving official launch approval.
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If sports leagues are going to ask for a sports betting integrity fee, then they need to address bad calls and officiating in general.
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Legal sports wagering is officially on its way to the Hawkeye State. Iowa Gov. Kim Reynolds has signed legislation passed in late April to allow betting on select college, professional and fantasy sports games through Iowa's 19 casinos and other licensed national services starting before the fall football seasons. An exact start date has yet to be announced.
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The ink on the bills for sports gambling in the legislative session hasn’t had a chance to dry. But, legislators in Louisiana are already preparing to move forward. The Louisiana House has several propositions floating around on how to spend the anticipated profits from sports gambling
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Before the governor of Iowa signs a bill to legalize sports gambling, one casino in Iowa is building a sportsbook. The casino is anticipating that sports gambling will become legal in the state.
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Sports betting could take place at the home of the White Sox, Bears, Bulls and Cubs depending on which details emerge in a final bill to legalize the practice in Illinois.
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The judge has given the federal government two weeks to decide whether the Wire Act applies to online gambling. The deadline may mean the 16-state lawsuit against the federal government will either continue or become a nonissue.
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New Hampshire most likely won’t see more casino action, but sports gambling could be coming soon. After lawmakers pulled out their pencils and erasers to make some changes to a sports gambling bill earlier this month, things are moving forward and the light at the end of the tunnel continues to shine more brightly.
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