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In the world of legal sports betting, there are two basic ways bettors can place their wagers, and that’s either in person (at a casino or a kiosk or a parimutuel retail gambling outlet), or else online using a sportsbook app that has a license to operate a mobile market.
Since the Supreme Court overturned PASPA back in May 2018, two dozen states have decided to legalize sports betting for their residents, some allowing just in-person betting or just online wagering while many states give bettors the chance to do both.
As 2022 begins, there are at least four states that have already legalized sports betting and are ready to launch their online operations, a goal that will have been reached after sifting through much legislative red tape and hurdling plenty of regulatory speed bumps:
Some states are still on the fence about whether to legalize sports betting for their residents, but in those twenty-six states, citizens are already gambling by using illegal bookies, offshore sportsbooks, or by traveling to neighbor states where that activity is already legal.
Certain states like Florida, California, Oklahoma, and Washington must deal directly with their native tribes if they want to bring legal sports betting to their residents, tricky negotiations for both sides.
Whereas in these six states – Arkansas, Kentucky, Massachusetts, Mississippi, Missouri, and North Carolina – the debate over launching an online sports betting market is mostly a matter of a legislative compromise that could be made in 2022.
The US sports betting market is still in its infant stages, but already the financial results and future projections have given lawmakers and tribe and industry leaders plenty of motivation to move forward.
According to Statista, the 2021 sports betting market will generate about $2.1 billion in overall revenue, and that number will grow to $3.6 billion in 2022, optimistic numbers that could grow even higher depending on how many new markets launch during the year.
These are exciting times for sports gamblers now operating on a betting landscape that is constantly evolving, so check back often for the latest news and updates.
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Mike Lukas is a retired standup comedian turned freelance writer now living in Dallas, Texas, originally from Cleveland, Ohio. His love for the game of football and all things Cleveland Browns turned Mike into a pro blogger years ago. Now Mike enjoys writing about all thirty-two NFL teams, hoping to help football gamblers gain a slight edge in their pursuit of the perfect wager. Email: [email protected]More info on Mike Lukas
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