Sports Betting – Is Sports Betting Legal?

Sports Betting – Is Sports Betting Legal?

sports betting

Sports betting is now legal in several states, including New Jersey, Texas, and Oklahoma. While these states are the most recent to legalize sports betting, they are far from the last. Meanwhile, Delaware and Minnesota are planning to legalize sports betting in the coming years. The next step is to decide how to regulate it.

New Jersey legalized sports betting in June 2018

After many years of advocacy, New Jersey finally legalized sports betting in June of 2018. The state fought to overturn the Supreme Court’s decision to ban full-fledged sports betting, and opened its first sportsbooks on June 14, 2018. Sports betting will soon be available at casinos and sportsbooks in Atlantic City and at MetLife Stadium.

The State’s Division of Gaming Enforcement and New Jersey Racing Commission issued emergency regulations on sports betting, which will allow licensed racetracks and casinos to begin offering wagering on sports events. It’s estimated that the sport could bring $13 million in State tax revenue in the first year. Assembly members John Burzichelli and Eric Houghtaling were key sponsors of the bill, as well as Senate President Steve Sweeney and Sen. Jeff Van Drew.

Texas and Oklahoma legalized sports betting in June 2018

Oklahoma has not legalized sports betting yet, but neighboring states, Texas and Mississippi, have. In both states, there are certain restrictions that apply to sports betting, including the fact that it is illegal for professional athletes, coaches, and referees to engage in the business. The law also prohibits sports betting for individuals with a financial stake in a sports team, and for individuals who can access non-public information about a team.

While Oklahoma does not allow online or retail sports betting, it has legalized Daily Fantasy Sports. The state has also allowed DraftKings and FanDuel to operate daily fantasy sports competitions on sports games. Both Oklahoma and Colorado also allow daily fantasy sports.

Minnesota is considering legalizing sports betting in 2022

A new poll found that nearly half of Minnesotans favor legalizing sports betting. The survey was conducted by the Star Tribune, MPR News, and Kare 11 and had 800 participants. It had a 3.5% margin of error. However, the results do not necessarily mean that the state will legalize sports betting.

The sports betting legislation is being considered by the Minnesota Senate. The Senate has introduced a bill that is nearly identical to HF 778, the bill that was passed by the House. However, the Senate has been slow to move on the legislation.

Delaware has legalized sports betting in 2021

Delaware is one of the first states to legalize sports betting after the repeal of PASPA in 2018. In June 2018, Governor John Carney made the first bet. Today, sports betting is legal in all three casinos within the state. Residents can place single-game wagers, future bets, teasers, and money line wagers.

Delaware has a long history with sports betting. The state has legalized parlay cards through its state Lottery since 2009. In October of this year, the state legalized single-game sports betting. The Delaware State Lottery manages Delaware sports betting, which is powered by William Hill.