Legal Sports Betting States
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House Bill 241 is comparable to Koenig’s earlier sponsored legislation. Details include the Kentucky Horse Racing Commission would regulate the allowance of sports wagering at Kentucky tracks and betting. State racetracks would be eligible to receive licenses to host sports wagering and professional sports venues with seating for 50,000 or more people. State legislators passed a series of enabling statutes, and the Maryland Lottery and Gaming Control Commission approved regulations on July 15, 2021. In July 2020, Gov. Gina Raimondo put her signature on SB 2919 and HB 8097, allowing bettors to complete remote registration. Under the law, two locations can offer sports betting with the state’s lottery providing regulatory oversight.
Nevada, the gold standard for in-person betting, still hasn’t quite mastered online wagering. The state requires bettors to come into a casino to register in person before placing via the Internet. This will be a hiccup Illinois’ potential but the registration mandate sunsets permanently in 2022, and marquee sports venues such as Wrigley Field and the United Center could open sportsbooks in coming years. More online brands will also likely join, which could – finally – push Illinois near or to the top of the U.S. sports betting handle lists.
Legal sports betting arrived in Iowa on Aug. 15, 2019, with multiple operators all opening their doors to customers on the first day. The move came three months after Iowa Governor Kim Reynolds signed into a law a comprehensive bill to legalize sports betting in the Hawkeye State. Operators must pay a $45,000 licensing fee and there is a 6.75 percent tax on revenue.
Michigan got on board in early 2021 with the launch of online sports betting, poker, and gambling. The application process opened on July 9, with a tentative application deadline set for Aug. 9, 2021. The plan is for the NYSGC to bid out the licenses no later than 150 days after the application deadline, setting the state up for a potential mobile sports betting launch in time for the 2022 Super Bowl. New York retail sports betting launched in 2019 at eight upstate New York casinos.
If affiliates engage revenue sharing, they will be required to obtain an ancillary supplier license. Below is an overview of the legislation, and the regulatory schemes for Washington, Arizona, and Wyoming, including what type of companies fall into specific categories in each state. The association estimates that Americans have legally wagered nearly $27 billion on sports in the first seven months of 2021, generating more than $350 million in federal, state, and local taxes. Citing poll results, the association pegged fans from the Northeast as the most interested in the nation in betting on the NFL this year. Legal wagers may be placed in 26 states and Washington D.C, up from 18 states and D.C. Maryland is one of few states in the US to go from allowing gambling to banning it, and is now in the process of bringing it back again.