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Return of the Sports Bet?

wareandtech1
06.10.2017 11:25
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It’s no secret that offshore gambling is not permitted from the USA and it’s now been like that for a while. A lot of people that work in any aspect of the gambling industry have always thought that it’s not a case of “if” gambling returns the USA, but more of a waiting game for “when” the outlawed activity would return.
 
There are a few online books that still allow US residents to place sports bets with them like Bovada, BetOnline and MyBookie – but there could be big changes coming sooner than you think.
 
Return of the Sports Bet?-1
 
Hotly pressed and pursued by the state of New Jersey; 32 states now patiently wait for the US Supreme court’s judgement for legality of offering sports betting and such related gambling – a move which would see the return of the activities as legal operations within the next 5 years,
 
American people already bet just over $60bn each year with offshore sports betting websites and gambling zones with revenue touching $3bn a year!
 
All round the world, countries are going from more “free roaming” kind of approaches to gambling to a controlled and regulated market, and they’re all feeling the benefits of doing so – so it’s easy to see why the US bringing back sports betting abroad and such, with regulatory requirements to oversee and see the benefits, is such a positive step and in our opinion here at Slotsjudge – the right step and something that should have been done a long time ago.
 
The States
As mentioned earlier, there’s 32 states in total, over 50% of the USA that will feel the glow of sports betting if this comes to pass but it’ll all be at different intervals over a 5-year period, or so the reports say.
 
Rather than you having to go find them for yourself, here are the states involved and at what year-interval they’ll see the return:
 
Within 2 years;
Colorado, Connecticut, Delaware, Indiana, Massachusetts, Michigan, Mississippi, Montana, New Jersey, Ohio, Nevada, Pennsylvania, Virginia, and West Virginia.
 
Within 5 years;
Arizona, California, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Missouri, New York, North Carolina, North Dakota, Oklahoma, Vermont, Washington and Wyoming.
 
And, in addition to the more confirmed or assured 32, there are another dozen potentially looking to follow suit within the 7 years following the regulation:
 
Alabama, Arkansas, Florida, Georgia, Minnesota, Nebraska, New Hampshire, New Mexico, Oregon, Rhode Island, South Dakota and Wisconsin.
 
The remaining US states might never offer sports betting and follow the rest of the country, as predicted in a recent gaming report from Eilers & Krejcik, but you can never say never in this industry.
 
Return of the Sports Bet?-2
 
Eilers & Krejcik Gaming
Eilers & Krejcik Gaming, LLC is a boutique research firm focused on servicing the gaming equipment, technology, and interactive gaming sectors within the global gaming industry.
 
Provided services include market research, company research and consulting services designed specifically for land based & online casino operators, equipment & technology suppliers, social gaming operators & suppliers, gaming regulators and investors.
 
The firm predict many things, one of which being that a regulated online gambling market could be worth over $6bn with the states noted, but if all 50 got involved then they say that revenue could anything up to an astonishing amount of $15.8bn.
 
“Watch this space” is what we’d say is best – it’s a great development to keep track of.
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