Florida Lawmakers Approved Legalized Sports Betting Now What?
With strong support from Gov. Andy Beshear, the chances of some form of Kentucky sports betting in the next few years is good. The legislative session concluded in April 2021, so residents will have to wait until at least 2022 before revisiting the possibility of legal online betting. Sports betting is legal in Colorado at retail locations — casinos — and online following voter approval in 2019. Anyone 21 or older and within state lines can bet on sports from a mobile device or at licensed Colorado casinos. Read our guide for a full breakdown of the best Colorado Sports Betting Apps.
As a result, when betting on sportsbooks likeBovada and MyBookieyou need to be aware of the fact that these sites are not licensed in states with legal sports betting. As a result, a handful of operators run by well-known brands in the horse racing industry offer their services across most of the country. Many states have stepped into the forefront to try and legalize sports betting for the sake of additional tax revenue. States like Oklahoma, California, Georgia, Ohio, Massachusetts, South Carolina, Missouri, and Kentucky are the next wave of states to pass sports betting laws.
May 2021, Governor Ralph Hogan signed enabling legislation into law, green-lighting sports betting to go live in late 2021. On Oct. 16, 2018, the Santa Ana Star Casino & Hotel booked its first sports bet in partnership with Nevada-based USBookmaking. Although New Mexico has not passed any new sports betting legislation since the Supreme Court’s decision, the move by the Santa Ana Star Casino & Hotel was made via a gaming compact with the state. On June 5, 2018, Delaware moved to offer single-game betting on a number of different sports at three casinos in the state. Expanded sports wagering options could take place at additional locations or online. No longer the only state to permit a wide variety of legal sports betting, Nevada is a mature market that has existed for decades.
To go with its excellent features, FanDuel Sportsbook has decided to provide one of the best signup offers in the industry. New users can access a free bet of up to $1,000 at the time of signup. In other words, new users can place a $1,000 bet on any individual outcome and be credited with site credit if the bet loses. All that is required is registration of a new account and a minimum deposit of $10.
Instead of issuing a set number of licenses to internal and external sportsbook providers, the state elected to conduct an open bidding process for a single license. After the process was complete, DraftKings emerged as the sole online sports betting provider in the state. Thanks to PASPA and Nevada’s grandfathered status under federal law, the Silver State enjoyed a monopoly on online sports betting for nearly a decade and a monopoly on sports betting in general for decades. As a result, even though many states are now coming online, Nevada is a key nexus for sports betting in the US because of the collective expertise inside state lines. Like neighboring Illinois, Iowa mandated through its law that players must register and make their initial deposits into online sportsbooks in the state in person. But unlike Illinois, Iowa lawmakers wisely set that provision to sunset at the end of 2020.
From a legal perspective, the first step toward legalization is to introduce sports betting legislation during a state legislative session. From there, the state legislature can debate the bill and tweak specifics like the potential tax rate and amend details as they see fit. If both agree to pass it, the governor can choose to sign it into law or veto the bill.