Sports Betting Spreads – US States Open Up
Betting on sports is growing across the US following the Supreme Court ruling last year that lifted the ban on sports gambling nationwide, reported the Associated Press.
Montana, Iowa and Indiana are likely to authorize sports betting in the coming days and join the other eight states that have already allowed it (Nevada, Delaware, New Jersey, Mississippi, West Virginia, New Mexico, Pennsylvania, Rhode Island).
Americans annually wager about $150 billion on sports, with the lion’s share done illegally through bookmakers or overseas betting sites.
The overwhelming majority in the Senate of Montana and Iowa endorsed gambling bills and sent them for the signature of the respective governors. Indiana is not lagging behind and is set to become among the first in 2019 to legalize sportsbooks. The bill has been sent to Eric Holcomb, the governor of Indiana, for approval.
Iowa governor Kim Reynolds declined to comment on her final judgment, leaving a dim outlook for the possibility of sports betting in the state.
On May 14, 2019, the Supreme Court ushered a new era of gambling in the US by abolishing a 1992 federal law that prohibited sports betting in most states.
As of now, residents of six states, in addition to Nevada and New Mexico, where betting is available at casinos without “explicit state approval,” are permitted to bet on sports.