How Many Sports Betting Bills Have Been Filed?

Sports betting is legal in certain US states, but federal and state lawmakers are still attempting to regulate the popular pastime. On one hand, the 2019 state budget saw a major increase in spending for various types of sports books, TV stations and online apps. On the other, sports betting continues to be restricted, with many states still trying to determine how to regulate the practice.

The Growing Popularity Of Online Sports Betting

States that have legalized sports betting may have anticipated the practice becoming popular, and many have reacted by setting up licensing and regulation for online betting providers. While the 2018 US sportsbook market was valued at US$10.7 billion, that figure is projected to more than double by the end of 2022, according to a NPD group report.

Last year, the sportsbook market shared was valued at US$10.7 billion and is projected to reach US$21.8billion by the end of 2022.

One of the major reasons for the industry’s booming popularity is that people can now place bets from the comfort of their homes, using mobile apps or other online tools that connect them to betting sites. This convenience has made sports betting a popular pastime among Americans.

Why Are States Regulating Sports Betting?

With all the money that comes with legal sports betting, it’s not a surprise that state lawmakers are now seeking to regulate the practice. However, it is still very much an unregulated industry, making it one of the most popular topics among American legislators.

States are trying to find a balance between restricting and allowing sports betting to occur. Some officials oppose and even threaten to shut down all forms of sports betting, while others believe it can be a useful tool in governing and taxing the practice.

The issue is that while some states have actually implemented legislation to make sports betting easier, it is still heavily restricted in most states. For instance, you can’t just walk in and place a bet on your favorite team. You have to go through a complicated registration process with the state, get approval from a parent or guardian and ensure you’re of legal age.

Which States Allow For Sports Betting?

Currently, there are 32 states and the District of Columbia that allow for some form of sports betting. You will need to look for specific licenses and follow the regulations for each jurisdiction, but it is generally a fairly simple process. Only four states – Nevada, Pennsylvania, Delaware and Oregon – require you to register with the state before you can make a wager. The others let you register with a federally-licensed sportsbook, as long as you comply with local laws. Some states, such as New York, don’t allow for any type of wagering on sports, while others, like Louisiana, don’t allow for bets on football or basketball.

Which Federal Lawsuits Are Battling For The Right To Regulate Sports Betting?

While state lawmakers continue to debate the merits of legalizing sports betting, several federal law suits have been filed seeking to overturn legislation that restricts the practice. Several major professional and college sports organizations, as well as the NCAA, have filed lawsuits against the Nevada Legislature. These organizations claim that Nevada’s current sports betting laws are unconstitutional because they prevent residents, as well as entities based in or licensed in other states, from legally engaging in sports wagering in Nevada. Specifically, the leagues and governing bodies are arguing that the Nevada Sports Wagering Act, which took effect in October 2019, violates the rights of professional sports organizations under the US Constitution’s Commerce Clause. They argue that the law places an unreasonable restriction on interstate commerce.

What Does The Future Of Sports Betting Look Like?

With many state and federal lawsuits pending, it is unclear exactly how or whether sports betting will be regulated in the future. However, it is likely that the practice will continue to grow in popularity as the number of states that legalize it continues to increase. That means that individuals and businesses will keep seeking ways to maximize their chances of winning, whether that’s playing games online, using mobile apps or accessing betting sites from home. In fact, with many states now offering some form of legal sports betting, the industry is likely to see a large boost in the 2020s.