The Basics of Online Sports Betting
Sports betting was first legalized in New Jersey in 2017, and Iowa in 2018 and Maryland in 2021.
Eventually, more states are likely to legalize sports betting, including Nevada, Montana, and
North Dakota. But first, here are the basics of online sports betting poker malaysia. What’s the difference
between betting online and in a land-based sportsbook? And how do you choose which betting
platform to use? Let’s look at some of the key factors in making the best decision.
New Jersey legalized sports betting in 2017
Legalized sports betting has been a game-changer for New Jersey. This expansion has spurred
the casino and horse racing industries, brought in state tax revenue, and given New Yorkers a
reason to cross the Hudson River for sports betting. In fact, sports betting in New Jersey is so
popular that the state has overtaken Las Vegas as the largest sports betting market. The state’s
court case to legalize sports betting was the first of its kind in the country.
Minnesota legalized sports betting in 2018
There are a number of factors that play a role in whether Minnesota will legalize sports betting.
While the federal ban on sports betting was struck down in May 2018, lawmakers are pushing for
legalization, which could lead to sports wagering in the state. The state has been working on a
bill to legalize sports wagering, SF 1984, which was introduced by Senator Roger Chamberlain
last year. Some are concerned that sports betting will negatively affect Minnesota’s nearly $3
billion charitable gaming industry.
Iowa legalized sports betting in 2020
The state of Iowa is on the cusp of legalizing sports betting. In December 2017, the Iowa
Gaming Association announced its plans to draft legislation to legalize sports betting. After the
US Supreme Court overturned PASPA, lawmakers were free to move forward. In May of this
year, Gov. Kim Reynolds signed off on the law. The new law is set to become effective in
August, just in time for college and NFL football seasons.
Maryland legalized sports betting in 2021
The Maryland House has passed legislation to legalize sports betting, but the process is far from
over. The state legislature still must approve the bill, which was first introduced by the Speaker
of the House in 2017. The legislation must also address the tax rate, license requirements, and
approval process. Currently, Maryland’s House passed the bill 130-9 in mid-March. However, it
is not expected to become law until 2021 or early 2022, which would put legal sports betting in
Maryland in the fall of that year.
Minnesota plans to launch in-person wagering in 2020
In the state of Minnesota, a new bill to legalize sports wagering could be introduced in the 2022
legislative session. This new bill is likely to focus on retail wagering rather than online gambling.
It’s unclear what the legislation will look like, but the state did file five sports betting bills in 2021,
but none of them got a hearing. The tribes are also wary of the possibility of mobile sports
betting, and are concerned that it could harm their traditional ways of earning revenue.
Therefore, if the bill moves forward, tribes will be able to object. Moreover, the COVID-19
pandemic will hinder the passage of any new legislation.
Maine legalized sports betting in 2017
After the Supreme Court decision in June of last year, the state of Maine legalized sports
betting. A bill signed into law by Gov. Janet Mills grants exclusive access to sports betting
markets to the state’s two tribes. The tribes will receive all profits from sports wagering, including
winnings from events. Initially, the state will offer only online sports betting. Retail wagering will
be available to residents of Maine and in some towns.
Massachusetts legalized sports betting in 2018
After a failed first attempt at legalizing sports betting in 2018, the Massachusetts legislature has
moved on to other matters. Gov. Charlie Baker has pushed a sports betting bill, HB678, to be
voted on in the state’s upcoming legislative session. The bill is still being debated in the House,
but the Senate has given its preliminary approval. If this bill passes the House and passes the
Senate, sports betting in Massachusetts could be legal before the end of the year.