Legalizing Sports Betting
Depending on the sport, a sportsbook can offer a variety of betting options. In football, for example, you can gamble on the winning team and the total score of the game. You can also make a wager on individual players or events, called props. Some sportsbooks also offer future bets, which bet on the outcome of championships.
Legalized sports betting in Kansas
The Kansas State Senate recently passed a bill to legalize sports betting in the state. It contains provisions that would allow up to three mobile skins per casino and include a dog racing component. The bill is likely to face stiff opposition from casino interests. It is unclear how quickly the legislature will act on the bill. In addition, the bill does not mention how casinos will get sportsbook licenses.
However, the bill does allow casinos to partner with up to three online operators and allow up to twelve sportsbooks. Already, eight partnerships have been announced. Caesars, FanDuel, and DraftKings are among the companies that plan to offer sports betting in Kansas. The new law will take effect on Sept. 1, 2022.
Online sportsbooks accept bets via websites or mobile applications. Most bettors prefer to download the mobile app to access betting sites. Users can download the app from the Apple Store or Google Play. The download process takes less than a minute.
Legalized sports betting in Colorado
The Colorado Department of Revenue estimates that sports wagers placed in Colorado during May were worth $25.6 million. This is a large figure, and it is an encouraging sign for the state’s sports betting market. During the month, six internet sportsbook operators collected more than $9 million in bets. The department expects this market to continue growing. Today, Colorado has 25 licensed internet operators and 19 licensed retail sportsbooks.
The Colorado Division of Gaming has reviewed best practices in other states and consulted industry stakeholders as it sets sports betting regulations. Legalizing sports betting in Colorado will be an extension of the existing limited stakes gaming industry in the state. This will help curb illegal gambling activity and keep the integrity of the games intact.
Colorado has been a long-time land-based gambling state, but only in recent years has it legalized sports betting. Amendment 77, passed by Colorado voters in November of 2016, allows sports wagering in casinos in the state. Licensed casinos in the state are located in Black Hawk, Cripple Creek, and Central City. In addition, mobile sportsbooks and online sportsbooks will be legal in the state as well.
Legalized sports betting in Arizona
The state of Arizona has legalized sports betting for 10 professional teams and tribal nations. The state also allows off-reservation sportsbooks within five blocks of a sports facility. The sports betting laws are expected to create an additional $30 million in tax revenue for the state each year. The Arizona Gaming Commission will issue licenses to sportsbooks that meet the state’s requirements.
As of March 2022, Arizona sportsbooks had a record $691 million in handle. Ninety-five percent of that amount was handled online. DraftKings alone handled $230.2 million. The Arizona Department of Gaming is also working to prevent sports gambling addiction by offering self-exclusion forms that bettors can fill out online. Meanwhile, Unibet’s retail sportsbook has opened six kiosks for initial betting. A permanent set up is in the design phase.
Legalized sports betting in Arizona has opened up the state’s betting market to a new level. The state has granted licenses to 20 licensed gambling operators and has approved two retail sportsbooks. These businesses will offer dozens of betting options for every game. They will be available to all residents and visitors of the Valley.