New Jersey, Delaware, Rhode Island, and Ohio have all legalized sports betting. If you are thinking about opening a sportsbook, you’re probably wondering which states have the best odds for sports betting. If so, you can read this article to find out. Here are some of the reasons why sports betting is a good idea in your state. You should also know that sports betting can be illegal in several other states, including Nevada. Ultimately, the decision will come down to your personal preferences.
Legalization of sports betting in New Jersey
The state of New Jersey enacted a partial repeal of the state’s prohibition on sports gambling in October 2014. The new law allows sports wagering at casinos and racetracks, as well as former racetrack sites, and in some circumstances, on racetracks within 15 years of their closure. This law is the first step toward legalized sports gambling in New Jersey. Several factors must be taken into account to ensure the state’s success.
First, sports betting in New Jersey is highly regulated. New Jersey’s DGE promulgated regulations within 48 hours of the bill’s passage. Licensed operators began accepting bets on June 14, 2018. The state assisted various casino and racetracks with the licensing process. To date, nine licensed operators have accepted more than $1 billion in wagers and collected millions of dollars in gross revenue. It is likely that these laws will be enacted quickly and successfully.
Legalization of sports betting in Delaware
Legalization of sports betting in Delaware is a step towards the legalization of online gambling in the state. Currently, the state only has three casinos and isn’t fully online. The Supreme Court’s ruling to make betting on sports legal was overturned in March, so the state is now awaiting the new legislation. While it’s unclear when exactly the industry will be available in Delaware, the state is expected to legalize sports betting in June 2019.
The state of Delaware has long been a progressive when it comes to legal sports betting. A 1976 bill allowed lottery customers to place parlay-style bets on three NFL games at once, with the wagering winners only paid if all three picks were correct. Despite the progressive nature of the state’s legislature, however, Delaware was one of only four states grandfathered under the 1992 PASPA law. Since then, Delaware has been a pioneer in legalizing sports betting in the US.
Legalization of sports betting in Rhode Island
The state has recently passed legislation to allow mobile sports betting. The legislation, introduced by Senate President Dominick Ruggerio, has passed the House and was signed into law by Governor Raimondo. There are some key differences between the legislation and New Hampshire’s, including a monopoly on sports betting for Twin River Casino and a lack of other big tourist attractions. Though the state lottery is a big part of Rhode Island’s gambling industry, DraftKings, FanDuel, and BetMGM are not allowed in Rhode Island.
The state’s sports betting market isn’t large, so sports betting in Rhode Island could help the state’s economy. In addition to providing a much-needed revenue boost for the state, legal sports betting could attract more visitors to Rhode Island’s historic waterfront. The state has never had a collegiate football program or professional sports team. The Rhode Island state budget anticipates a new revenue stream of $23.5 million from sports betting.
Legalization of sports betting in Ohio
A long time coming, the state of Ohio is about to become a legal sports betting market. The state’s population is nearly 11 percent, and it is home to pro and collegiate athletic teams and legions of avid sports fans. Moreover, legal sports betting in Ohio will be available to residents no later than January 1, 2023. A look at Ohio’s sports betting history will give you an idea of what the state can expect.
Ohio Gov. Mike DeWine has signed House Bill 29 into law, which will legalize sports betting in the state by Jan. 1, 2023. In a statement, Sen. Kirk Schuring said he hopes the bill can be passed sooner, because sportsbooks have expressed an interest in launching operations in Ohio before the 2023 deadline. He added that the state is seeking a uniform start date for all sports betting operators in the state.
