What Is the Latest State By State Situation for Sports Betting in the US?

 Three years ago, in a near-to-historic decision, the US Supreme Court decided that sports betting would be declared legal. Ever since then, the landscape of this online entertainment form has changed. Not only as the industry progressed by leaps and bounds. But more players turn to sports betting every day to test their skills and blow off steam! 

Sports betting is on its way to becoming street legal in the US. Are you looking for the latest online sportsbook in your state? Well, this site gathers all the information you need to do so. Check out the best sportsbooks available and immediately jump into the fun and action!

State By State Breakdown of Sportsbetting Legislation

Arizona

In April 2021, Arizona made sports betting legal. Since then, this state has skyrocketed to the top amongst all the states with the highest growth in online gambling. Additionally, the state introduced in-stadium sportsbooks first in the United States. The sportsbooks went live on the opening day of the NFL season in September 2021. Since then, Arizona has consistently been positioned in the top 10 states for wagering revenue.

In the state of Arizona, the minimum age for betting is 21+ years. You can choose from Ten tribal casino operators and ten professional sports venues/teams. Restricted betting types include Collegiate prop betting. Additionally, the Tax rate is 8% retail and 10% online. Betting options are widely accessible online and on mobile. 

Arkansas

Since it was first legal in Arkansas in February 2022, sports betting is still a relatively new phenomenon. Initially, there were just three land-based casinos that offered sports betting. Still, in spring 2022, the state government passed sweeping legislation to legalize it more broadly. These regulations permitted the state's eight online sportsbooks to function.

In the state of Arkansas, the minimum age for betting is 21+ years. You get to choose from commercial, casino, racino & online operators. Restricted betting types are not available now. However, the state might ban betting on in-state professional teams and events. Additionally, the Tax rate is 13% on $150 million in revenue and 20% after that. 

Colorado

Out of all states, Colorado was one of the first US states to legalize and regulate the retail and online sports betting market in 2022. Given numerous prestigious institutions and well-known sports organizations like the Denver Broncos and Denver Nuggets, analysts have long seen the Centennial Location as a state ready for the sector.

In the state of Colorado, the minimum age for betting is 21+ years. You get to choose from commercial, casino, tribal casino & online operators. Restricted betting types prop betting on all collegiate events not sanctioned by a relevant sports league. Additionally, the Tax rate is 10% on sports betting revenue. Betting options are widely accessible online and on mobile. 

Connecticut

Recently, Connecticut has quietly emerged as a top location for the expansion of sports betting, partly due to tribal gaming ambitions and numerous significant free-standing casinos, such as Foxwoods. Since October 2021, sports betting is permitted in the state.

In May 2021, Connecticut Governor Ned Lamont reached an agreement with the Mashantucket Pequot and Mohegan tribes that permits the two, along with the state lottery, to operate online sports betting businesses.

Those service providers immediately teamed up with DraftKings, FanDuel, and PlaySugarHouse. On October 19, they all launched online, just a few weeks after Connecticut began accepting bets in person. While the state lottery and Rush Street Interactive (which owns PlaySugarHouse) operate seven retail sites, both have on-site sportsbooks at least one casino. State law allows for a total of 15 openings.

Connecticut's market is still developing because it is a tiny and new state. Though it should continue to gain from Massachusetts' failure to legalize, it will be interesting to observe how New York's recent launch affects its numbers. Mobile betting with multiple options is available in this state.

New York

New York is one of the newest jurisdictions to allow and regulate sports betting, where operators began functioning in the state in January 2022. New York is expected to consistently rank at the top of monthly handling records due to its enormous population, numerous tribal casinos, and the popularity of major sports organizations like the New York Knicks and Brooklyn Nets. Since the beginning of the sector, New York has seen monthly handling of over $1 billion.

Some Other Important Notes

Out of 40, 30 states in the US and Washington DC are Live Legal, and the three states of Florida, Nebraska, and Ohio and legal but not operational. The remaining seven states, Alaska, California, Georgia, Kansas, Massachusetts, Missouri, and Oklahoma have not shown any support. However, to say the least the future of sports betting looks bright. Hop on to the trend when the time is still ripe and indulge in a fiesta like never before.

Comments

Post a Comment

Popular posts from this blog

How a Technical SEO Audit Can Benefit Your Website

Image
Everybody cheers for a thriving enterprise. But different digital marketing strategies will work well for different businesses. SEO performance is important and is where technical SEO audits come in. Technical SEO audits to analyze a website's core for adherence to guidelines. Regarding your site's position in search engine results on Google and Bing, this refers to the finer points of your site's code. Knowing your site's optimization and search engine rankings is a great place to start with SEO. You may determine your website optimization and ranking by using an enterprise SEO audit . Your company's website serves as its calling card, so making it prominent in your marketing will help you get more people to notice your brand. Most people already understand the importance of a thriving online presence for their business. Importance of Technical SEO Audit Digital marketing is a constantly shifting sector. SEO marketing wouldn't be any different. Search engine op...
Read more

X-Sense XS01-WT Wi-Fi Smoke Detector – Smart Wi-Fi Smoke & Fire Alarm

Image
 Smoke Alarms are always a great addition to any home, as they're critical for the early detection of any potential fire in your home, and most importantly, they could ultimately mean the difference between life and death. Still, standard smoke alarms have one major flaw, as they're solely based on their sound alarm, which means that they require someone to be close enough for their sound alarm to be heard. However, while standard smoke alarms depend on either the home owners themselves or their neighbors being close enough to listen to their sound alarm, a Smart Wi-Fi Smoke Alarm actually has the capability of alerting the home owner(s) whenever smoke or fire is detected, no matter where they are. Since Smart Wi-Fi Smoke Alarms are connected to your home internet, they can immediately send In-App notifications to your Smartphone, and they can also send low-battery warnings before their battery runs out. So, if you're looking to upgrade your Smart Home and give it an extra ...
Read more

Vinci Nitro Cold Brew – Nitrogen-Powered Nitro Cold Brew Dispensing System

Image
The Vinci Nitro Cold Brew dispensing system uses nitrogen to infuse cold brew coffee with tiny bubbles, creating a creamy and velvety texture that resembles a Guinness beer. This process is known as "nitro cold brewing," It has become increasingly popular in recent years due to the unique texture and flavour it creates. The Vinci Nitro Cold Brew system is designed for commercial use in cafes, restaurants, and other food service establishments. It consists of a keg of cold brew coffee, a nitrogen tank, and a dispenser that uses a special faucet to inject the nitrogen into the coffee as it's poured. The nitrogen gas creates a cascading effect as the coffee is dispensed, resulting in a creamy head of foam that lasts much longer than the foam on a traditional cup of coffee. The nitrogen also enhances the flavour of cold brew coffee, bringing out its natural sweetness and reducing its bitterness. The Vinci Nitro Cold Brew system is designed to be easy to use and maintain. The...
Read more