Legalized Sports Betting
Legalized sports betting is a great way for sports leagues to increase viewership, engagement, and the value of advertising. For this reason, many leagues are partnering with sportsbooks and gaming entities. The NFL, for example, has permitted team-sportsbook partnerships. The Denver Broncos, for example, have partnered with Betfred and FanDuel. The other major sports leagues are also looking into sports betting deals.
Legalized sports betting in Delaware
Delaware is one of a handful of states that have legalized sports betting. This move followed the Supreme Court’s ruling that struck down the federal ban on sports betting, though Nevada remains exempt. Now, Delaware residents can place single-game bets at licensed sportsbooks in Delaware’s three racetracks.
Despite opposition from sports leagues and opponents of legalized sports betting, the state’s Supreme Court recently ruled that the system is legal. However, plaintiffs’ attorneys have filed a lawsuit in federal court, hoping for a different interpretation. Despite this, the state is moving forward and plans to launch sports betting on June 5.
Even though Delaware is a small state, it has a strong voice when it comes to the world of sports gaming. The state has pushed for legalized sports betting, and was a trailblazer for online poker as well. Its legislature has largely relied on its regulatory and legal infrastructure to make it possible.
Legalized sports betting in New York
Legalized sports betting in New York is an exciting new opportunity for the state. It has been almost three years since the state’s Rivers Casino began accepting bets. Since then, seven other retail sportsbooks have opened. While former Governor Andrew Cuomo opposed legalized online sports betting, it became necessary to move forward with the gambling industry after state tax revenue decreased by three billion dollars due to a coronavirus pandemic in 2017. Meanwhile, lawmakers proposed a budget that would legalize the use of recreational marijuana.
The state has a long way to go to catch up to New Jersey, which has the highest sports betting revenue in the country, exceeding Nevada’s. New York also has one of the highest tax rates on gambling revenue – 51% – for casinos, which is higher than the median tax rate in the country.
Legalized sports betting in Oregon
After the Supreme Court struck down the federal law known as PASPA, the sports betting industry in Oregon has made some significant strides. The state got the ball rolling quickly and regulated the industry before most other states. Then it took advantage of the statewide COVID-19 outbreak to lead the way.
Sports betting in Oregon isn’t limited to professional sports. While the state does not allow wagering on college games, it is possible to find online sportsbooks that cater to a diverse audience. In addition to college games, you can also place a bet on MMA, MLS Soccer, PGA Golf, and many more. There are even sports betting apps for smartphones.
In August 2019, the state’s lottery opened up sports betting to residents. The state also has a long history with sports betting. It was one of the four states to receive an exception to federal laws banning sports gambling.