States eye sports betting, wrestle with regulatory details
Numerous U.S. states are considering jumping on the legal sports betting bandwagon, even as they struggle with the details of regulating it.
How much to tax it, and how to regulate mobile betting on phones are emerging as thorny issues for states.
So far, seven states offer legal sports betting: Nevada, New Jersey, Delaware, West Virginia, Mississippi, Pennsylvania and Rhode Island.
And although New Mexico has not passed a sports betting law, the Santa Ana Star Casino and Hotel started taking sports bets last month through a tribal gambling compact.
At a sports betting conference on Nov. 27 in New York, state representatives from Minnesota, New York and Ohio discussed their states’ interest in such bets. They’re also interested in making sure players are protected, taxes are adequate but not punitive and that mobile gambling is widely accessible.
Patrick Garofalo, a Minnesota state representative, said the betting public knows exactly what it wants, and it’s up to states and gambling companies to give it to them.
“The American sports fan has made a decision: they want to be able to bet on their favorite sports teams from their home,” he said. “They want to do it from their couch.”
New Jersey won a U.S. Supreme Court case in May clearing the way for all 50 states to offer legal sports betting should they so choose. David Rebuck, director of New Jersey’s Division of Gaming Enforcement, predicted at least 12 states will move “very aggressively” to legalize sports betting in early 2019.
New York, one of the largest potential markets, has yet to pass sports betting legislation, but hasn’t given up.
“In New York, sports betting is on its back with its feet and
A gambler placing a sports bet at Resorts Casino in Atlantic City, N.J. Numerous U.S. states are considering joining the seven that currently offer legal sports betting.