Currently, there are several sportsbooks in the United States that have been legalized. These include Colorado, Virginia and Arizona. However, there are also some sportsbooks that have not been legalized. In this article, you will learn about several of these sportsbooks.
Legalized sports betting in the United States
Despite the raging controversy over sports betting, many states have legalized the practice. New Jersey spearheaded the movement to overturn PASPA, while other states have launched retail sportsbooks and mobile sports wagering. However, there are still several states in the United States that have yet to legalize sports betting.
Vermont and Maine have not passed sports betting laws. However, a bill has been filed in Vermont that would legalize sports betting at state-run lotteries. The bill was voted on by the Senate, but it did not receive the House’s approval. In addition, Maine’s governor vetoed the bill on June 19th.
Legalized sports betting in Arizona
During the first year of legal sports betting in Arizona, $5 billion was wagered. This amount is considered to be a record for a state. The sportsbook revenue in October was $777 million, which broke a US record. The NBA playoffs are also expected to drive high betting volume.
Arizona has a lot of live sporting events. With the Super Bowl set to return in 2023, the state will be in prime position for sports betting.
The state also has a number of high-profile sporting universities. The NFL season adds to the excitement. The Supreme Court has ruled that it is up to the states to decide whether sports betting is legal.
Legalized sports betting in Colorado
Despite the federal government’s stance on legalized sports betting, Colorado is one of the few states that has launched a fully online sports betting industry. A slew of nationally recognized online sportsbooks are expected to launch in the state by May of 2020.
During the first year of legalized sports betting, wagers totaled $3 billion. The Colorado Department of Revenue estimates that the state sports betting industry will continue to grow.
Colorado’s wagering age is 21. This is similar to most states. However, individuals affiliated with professional sports teams and those who possess inside information or inside knowledge are not allowed to place bets in the state.
Legalized sports betting in Virginia
Earlier this year, Virginia passed a bill to allow for statewide sports betting in the state. The bill will allow for the Virginia Lottery to license and oversee sportsbook operations. The bill also allows for the creation of state-operated sports betting sites.
The Virginia lottery has received nearly two dozen applications from sportsbook operators. The lottery will likely issue eight licenses to established operators. Four licenses will be issued to the Pamunkey Tribe’s Resort & Casino in Norfolk and Rivers Casino in Portsmouth.
The Virginia Lottery will publish regulations for sportsbooks and casinos. In addition, the lottery will work with the sports betting industry to establish guidelines.