The NBA, MLB, and NHL have all called for legal sportsbooks to pay for data pertaining to games. These leagues contend that this would help maintain the integrity of the game, but no state has passed a law requiring such data. Deadwood in South Dakota is pushing for legal sports betting and Missouri’s attempt to do so in 2022 failed. This article will provide an overview of sports betting in the U.S., as well as the history of legal sports betting in the United States.
New Jersey legalized sports betting
If you love betting on sports, you’ll probably love the fact that New Jersey legalized sports betting last November. In just four months, the market for the state’s sports wagering exceeded half a billion dollars. Not only has this new industry generated millions of dollars in revenue, it has also created jobs in the state’s casinos and racetracks. But a federal bill could threaten this industry, and put New Jersey at risk of losing its competitive edge.
In 1992, Congress passed the Professional and Amateur Sports Protection Act (PASPA), which made state-sanctioned sports betting illegal in all but four states. But New Jersey challenged the ban and won in the U.S. Supreme Court. In May 2018, the court ruled in New Jersey’s favor and struck down the federal ban on sports gambling. The state legalized sports betting shortly after the Supreme Court’s ruling.
Texas and Oklahoma offer sports betting
Many people who live in the southern states of Texas and Oklahoma love to watch and wager on sports, and this hobby has exploded in recent years. In Texas, sports betting is legal in all leagues and individual games. The best part is, you can even bet on the NBA Finals. The NBA is one of the most popular sports in the United States, and you can place bets on any game that you want to bet on, from regular season games to play-offs and championships. Some sportsbooks even allow bettors to place bets on NBA games across the country. Some of the most popular sports bets include moneyline betting and over/under wagering.
Though not as heavily sports-focused as Texas, Oklahoma is planning to legalize sports betting on tribal land in 2020. Governor Kevin Stitt plans to sign compacts with two tribes to allow sports betting on their land. If this happens, they will open up two new sports betting casinos in Oklahoma. In the meantime, Oklahoma does not allow online gambling and is currently limited to tribal casinos. However, it does allow online horse racing and fantasy sports. In fact, sports betting is scheduled to open in Oklahoma sometime in 2020.
Deadwood in South Dakota is pushing to legalize sports betting
A sports betting bill passed by the South Dakota Legislature last week has now been signed into law by Gov. Kristi Noem, marking the state’s first step towards legalizing the industry. SB 44 passed the state legislature in March and became law on July 1. The South Dakota voters approved the law in November, and the legislation now goes to the commission to make it a reality. However, there are some lingering questions about how the new legislation will affect sports betting in the state.
The new bill would allow Deadwood casinos to offer sports wagers at their casino tables. Deadwood already offers slot machines, keno, craps, and card games. Legalizing sports betting would allow Deadwood casinos to add another revenue stream and entice tourists to stay and play in the town. The bill also requires that casinos maintain computer servers within the city limits. Deadwood’s casinos currently pay nine percent of their revenue in taxes, and the state general fund receives 1 percent of that.
Missouri’s attempt to legalize sports betting in 2022 fell short
The state of Missouri will face a tough deadline for sports betting, as the state legislature has chosen to focus on easy bills this session. But this doesn’t mean there’s no hope for sports betting in the state. Several sports teams and casinos have backed legislation in Missouri and the state legislature has approved it in the House. While Missouri’s attempt to legalize sports betting in 2022 fell short, the state’s efforts are still worth watching.
Despite its history, the state of Missouri is well-positioned to legalize sports betting. As home to the Kansas City Chiefs, the state has a compelling case for legalized betting. The Missouri legislature rushed to pass sports betting legislation after the collapse of PASPA in 2006. But since then, lawmakers have struggled to generate support and pass their bills. Here’s what Missouri sports betting legislation could look like in 2022.