There are many types of sports betting. One popular type is Over/Under betting. An Over bet is a bet on the total number of points scored during a game. A bet on the Over will win if the total number of points scored by both teams is over a specific number. An example of an Over/Under bet would be the game over the halftime score: Seahawks-Rams Over 42.5 points. Another type of sports betting is futures betting, which involves betting on future events.
Legalization of sports betting in the U.S.
Although sports betting has been illegal in the United States since 1992, 15 states have passed regulations allowing sports wagering. The Supreme Court is expected to throw out PASPA, and states can now legalize sports betting. However, states must pass robust sports betting regulations. State laws should place a focus on compliance, market competitiveness, and cooperation among stakeholders.
Legalization of sports betting in New Jersey
New Jersey is home to nine million residents, including Atlantic City, a party and gambling hub. It’s known as “little Las Vegas” and attracts visitors from around the globe. It is one of the most popular gambling states in the country, and it’s a pioneer in legalizing sports betting.
Legalization in Minnesota
Minnesota lawmakers are pursuing sports betting legalization through a bipartisan process. A sports betting bill was introduced in the House and Senate in the spring of 2019. The House’s version would allow sports betting only at tribal casinos, while the Senate’s version would allow mobile sports wagering at existing properties. However, neither of the bills received a hearing. As a result, sports betting in Minnesota will likely have to wait until at least 2023.
Legalization in Missouri
The first step toward legalizing sports betting in Missouri is to pass a bill that would allow for it on riverboats. Rep. Cody Smith, who authored the original bill, is one of the sponsors of the bill. The measure would make sports betting legal on Missouri riverboats, as well as online. The bill would adhere to the MLB and NBA’s requests regarding integrity fees and tax rates. The bill would also mandate the use of official league data in sports betting.
Legalization in Arizona
With the passage of the Arizona sports betting bill, Arizona has become the 25th state to legalize the sport. Aside from Washington D.C., every other state is considering legislation to legalize sports betting, with the exception of Utah, which has anti-gambling language in its constitution. While the legislation itself is not a page-turner, it does address many of the technicalities that will make sports betting a success.
Legalization in New York
Sports betting legalization in New York is finally happening. After years of opposition, the state has finally allowed mobile gambling. The state constitution prohibits online sports betting, but the governor and lawmakers found a clever solution. Private casinos will host computer servers that allow mobile sports betting. Four of them have already opened and are operating legally in the state. This solution is supported by the state constitution and will help make sports betting accessible for more people than ever.