Georgia is one of the largest markets without legalized sports betting, and the state could rival others that have already legalized such wagering.
While the state does not have sports wagering, it does have a lottery. Last week, the Georgia Lottery Corp. reported its most profitable first quarter since its start in 1993.
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A leading sports gambling organization believes Ohio will wager more than most every other state once betting becomes legal Jan. 1.
PlayOhio, a division of PlayUSA, predicts people across the state will place $8 billion in bets during 2023, ranking only behind New York, Illinois, New Jersey and Nevada in terms of handle.
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Tennessee collected $8.7 million in taxes on $336.9 million in sports wagers in September, according to new numbers from the state’s Sports Wagering Advisory Council.
The taxes are more than the state has collected in a month since wagering opened in November 2020. The previous high was $5.9 million collected in November 2021.
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Legal sports betting is still more than six months away, but more than two-thirds of Ohio adults say they don’t plan to place any wagers when it becomes legal, according to a new survey.
Legal sports wagers can be placed Jan. 1, but the survey by BetOhio.com shows 21% of Ohio adults are very or somewhat likely to bet. The survey also showed potential preferred brands for those who expect to wager.
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Ohio sports betting will begin early in 2023, as the Ohio Casino Control Commission detailed in their latest meeting.
January 1, 2023 will be the official launch date, as the Commission will begin accepting applications later this month.
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Ohio could lose as much as $130 million a week if it continues to hold to a Jan. 1 launch date for legalized sports betting and miss the majority of the NFL season, an industry-leading group said.
PlayOhio, part of the PlayUSA Network, estimates the state’s handle could reach between $8-10 billion over the first 12 months and almost $1 billion in gross gaming revenue. It also estimates, partly because of the state’s two NFL teams, gambling operations could bring in as much as $130 million per week in NFL-specific betting volume.
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Tennessee collected $3.3 million in taxes from the $340 million in bets placed at Tennessee’s sportsbooks in December, according to Tennessee data acquired by PlayTenn.
December was the third-highest month for amount of bets placed since betting began in November 2020. In October, $375.3 million was wagered and $365.7 million was wagered in November.
More than $2.7 billion in bets were placed in Tennessee in 2021 with $39.3 million in taxes paid on $239.9 million in gross revenue.
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Gov. Mike DeWine officially made sports betting legal in Ohio with his signature, but it will likely be more than a year before the first legal bet can be placed in the Buckeye State.
DeWine signed House Bill 29 into law late Wednesday, creating online, retail and kiosk legal sports gaming throughout the state, but officials believe it could be January 2023 before legal betting begins.
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Surrounded by states that have legalized sports betting, some Minnesota lawmakers will push to create additional tax revenue and entertainment next session.
Rep. Zack Stephenson, DFL-Coon Rapids, held a press conference to announce his plan to pursue legalized sports betting.
“Minnesotans deserve the chance to engage in safe and legal sports betting right here in Minnesota,” Stephenson said. “That is why I am announcing I will lead an effort to legalize sports betting during the next regular session of the Legislature.”
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On Thursday, Tennessee’s Sports Wagering Advisory Council (SWAC) met to interview three final candidates for its vacant executive director position. After a thorough final interview process, the council chose to extend an offer to candidate Mary Beth Thomas. All nine council members voted in Thomas’ favor.
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Two of the largest companies in the daily fantasy sports industry, DraftKings and FanDuel, are backing a political committee’s efforts to legalize sports betting. The political committee, Florida Education Champions, is proposing an amendment that will allow sports betting at professional sports venues, pari-mutual facilities and through online platforms. The amendment would also raise money for education.
The amendment, as detailed on the Division of Elections website, states that if betting revenues are taxed, the monies would be required to go to the state Educational Enhancement Trust Fund.
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Sports bettors in Ohio are a step closer to being able to stay in state to place a wager after the Ohio Senate passed a bill legalizing sports betting and e-bingo.
If passed by the House and signed by Gov. Mike DeWine, Senate Bill 176 brings Ohio in line with neighboring Indiana, Michigan, West Virginia and Pennsylvania by allowing sports bets through retail or online sportsbooks.
The legislation passed Wednesday with a 30-2 vote.
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The Florida Legislature will be holding a special session to discuss the gaming compact with the Seminole Tribe of Florida on May 17. However, the tribe is not the only one with interests on the line. Multiple national and international casino gambling corporations, smaller casinos, internet gambling, thoroughbred racing, fantasy sports betting, and greyhound dog race betting are among those with interest in the outcomes of the compact.
As Florida becomes a more popular spot for gambling and betting, the state, the tribes, and invested industries are hoping previous years of tension will end in a new 30-year compact benefitting each party.
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Three Ohio senators introduced what they call “the first comprehensive gaming bill for Ohio” on Thursday in a bid to legalize sports betting and other wagering.
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Gov. Ron DeSantis (R) is expected to reach an agreement with the Seminole Tribe to bring sports betting to the Sunshine State, as well as expanding current gambling rules.
“The broad parameters of the deal — as confirmed by multiple sources — are that the Seminole Tribe would control sports betting in the state and would offer it at their casinos, including the Hard Rock locations in Hollywood and Tampa,” according to POLITICO. “But sports betting would also be allowed at existing tracks and other poker rooms around the state where the tribe and other gambling operators would split the revenue generated.”
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Michigan internet gaming and sports betting operators reported $42.7 million in gross receipts for the 10 days after its initial launch.
Michigan’s online sportsbooks generated $115.2 million in wagers in the 10 days in January, according to the Michigan Gaming Control Board (MGCB).
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For years, Michiganders have gambled online illegally. But when sports betting and online gambling are legalized for the first time on Friday, the state will reap its tax revenue.
“The Michigan Gaming Control Board (MGCB) and the state’s commercial and tribal casinos will begin a new era Jan. 22 with the launch of regulated online gaming and sports betting,” Richard Kalm, MGCB executive director, said in a statement.
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Mobile sports betting will be launching in Virginia by January 2021 at the earliest.
Since legislation was passed by the Virginia General Assembly and became effective July 1st, the Virginia lottery, who has been tasked with regulation and oversight, has been working to turn mobile sports betting for Virginians into a reality.
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Tennessee Gov. Bill Lee plans to let an online sports gambling bill become law without signing it, multiple news outlets are reporting. The Tennessee Journal: On the Hill reported: “The governor has said he does not believe that the expansion is best, but he recognizes that many in the legislature found this to be an issue they want to explore further,” Lee spokeswoman Laine Arnold said in a statement. “He plans to let this become law without his signature.” The Tennessee Education Lottery will be responsible for carrying out the online sports betting program, the Chattanooga Times Free Press said. There will be a 20 percent tax, which is expected to generate $41 million for the lottery, $7.6 million for local government revenue and $2.5 million to provide anti-gambling addiction programs through the Tennessee Department of Mental Health. The original version of the bill would have permitted gambling shops in physical locations but that provision was dropped after the governor opposed it, the Times Free Press said. The bills are HB0001 in the House and SB0016 in the Senate, according to the tracking information, which is available here. The Senate on Tuesday passed the bill, with three amendments, by…
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NASHVILLE, Tennessee – A bill to authorize and regulate on-line sports betting in Tennessee was approved by the Tennessee General Assembly on Wednesday with a vote of 58 Ayes, 37 Noes and 2 Present and Not Voting. HB0001, filed on November 7, 2018, was sponsored by Knoxville Democrat Rick Staples in response to a 2018 U.S. Supreme Court decision in Murphy v. NCAA allowing states the ability to authorize and regulate sports betting. “The Tennessee Sports Gaming Act,” mandates that wagers on sporting events go through a licensee, which will have to pay a non-refundable application fee in the amount of $50,000 and an annual licensing fee of $750,000 as part of the application process. The bill describes a “sporting event” as any professional, collegiate or Olympic sporting or athletic event sanctioned by a national or international organization or association. It excludes horse racing, but includes “E-sports,” or any multi-player video game played competitively for spectators in person or remote connection. A “bettor” is defined as anyone 21 years or older and physically present in Tennessee when placing a wager. A tax of 22.5 percent of the adjusted gross income of the licensee will be collected as a privilege tax,…
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