Sports betting is now legal in Iowa and North Carolina. The NBA and MLB have lobbied for this to happen. The two organizations have jointly presented “Model Legislation,” which was presented in January. Currently, it is illegal in most states. However, some states are considering legalizing sports betting. These states will have to decide what rules and regulations they want in place.
Legalization of sports betting in the U.S.
In recent months, a handful of states have taken a step towards legalizing sports betting. In the state of Virginia, a bill was passed that would allow sports betting on mobile devices. Although the bill is still in the preliminary stages, the momentum behind it suggests that it will become a law in the next few years. In addition, New York is under pressure to regulate online sports betting, especially since people from New York are now flocking to neighboring New Jersey to place legal bets. This is helping New Jersey’s economy, where in-state money is moving to the state.
The public is divided when it comes to legalized sports betting. One study found that more Americans aged 50 and older than younger Americans say it’s good or bad for society. Furthermore, those with a college degree and people from higher income households are more likely to be aware of the issue than those without a college degree.
Legalization of sports betting in North Carolina
There have been some ups and downs when it comes to legalizing sports betting in North Carolina. While a bill in the House last fall was overwhelmingly supported by the voters, a bill in the Senate failed to pass by a slim margin. A more recent version of SB 688, which was passed by the House with one vote, was much more favourable, though it did not pass in the Senate.
In 2018, the Supreme Court opened the door to legalized sports betting in many states. The Supreme Court ruled that each state could decide how to regulate the industry. Several states have allowed sports betting, and some even allow single-game wagering. North Carolina is no exception, though the state has not legalized sports betting on mobile devices.
Legalization of sports betting in Iowa
Iowa is the 30th most populous state in the United States. It has diversified its economy to include green energy, manufacturing, and technology. Iowans can now place bets on sporting events online and in-person, and there is even a mobile sportsbook, which lets players bet on their favorite teams no matter where they are. However, sports betting is not legal offshore or through non-registered providers.
Iowa is now home to 18 casinos, which offer sports betting. There are also eleven sportsbook apps. The first seventeen days of legal sports betting in Iowa saw $8.5 million in bets. The state also collected $146k in gambling taxes. This number is expected to rise in 2020 and beyond. The new law also makes sports betting available on mobile devices, as well as on college games, though certain in-game prop bets are still illegal.
Iowa has taken sports wagering one step further than most other states in the Midwest. While the Hawkeye State was slow to embrace legal sports betting, it was able to pass the legislation and launch sports betting in August 2019. While players will have to visit a brick-and-mortar casino in Iowa to place their bets, they can also use an app. This requirement is aimed at giving the 18 licensed casinos in Iowa a bit of a boost in their business, and will limit the reach of outside providers.