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What You Need to Know to Bet Legally on Sports

sports betting

If you’re a fan of sports and like to wager on games, you’re probably familiar with legalized sports betting in states like New Jersey, Iowa, Texas, and Oklahoma. But which states are next? What do you need to know to bet legally on sports? This article will discuss the current legal status of sports betting in each state and what you need to know to bet legally. It’s worth the read if you’re considering a bet on a sporting event.

Legalization of sports betting in Iowa

The legalization of sports betting in Iowa came after a year of debate and preparation. Gov. Kim Reynolds signed a bill in May that made sports betting available in Iowa. The law allowed sportsbooks to accept wagers on sporting events only. It is unclear if other events, such as horse races, will be allowed as prop bets. The Iowa Racing Commission (IRGC) regulates the industry. While Iowa does not issue individual ADW licenses, several major operators provide online and mobile betting for Iowa residents. Currently, trackside parimututal wagering in Iowa is limited to the Prairie Meadows racetrack in Dubuque.

Despite the fact that Iowa does not have a major professional football team, there are a variety of legal sportsbooks in the state. In addition, more than a dozen Iowans can choose to wager at an online sportsbook. The apps offer a range of bonuses and are available to anyone 21 and older. Currently, Caesars and FanDuel are the leading sportsbook operators in Iowa, but they plan to cease operations in the U.S. by July 1, 2022.

Legalization of sports betting in New Jersey

The legalization of sports betting in New Jersey is a big step forward in the state. This initiative began with a voter referendum in 2011, and has since undergone multiple legal battles. In December 2017, the US Supreme Court overturned a 1992 federal law banning sports betting in Nevada and grandfathered states, paving the way for NJ to follow suit. However, legal sports betting in New Jersey may not be available for long.

The New Jersey sports betting bill passed in June of this year included provisions allowing onsite retail sportsbooks, while a legal internet sportsbook must have a land-based partner. It also allows casinos to have up to three online skins, and a mobile app. Casinos were required to invest $400,000 in license fees, and a further $250,000 in responsible gaming fees. As of August 2018, online and mobile sports betting is now available in New Jersey.

Legalization of sports betting in Texas

Though the Texas legislature meets only in odd-numbered years, proponents of legal sports betting are hoping that the state’s lawmakers will give the gambling industry a chance to flourish. Last year, major state legislators discussed sports betting, with one prominent representative pushing for the issue. The bill’s supporters included sports betting operators and Texas professional sports teams. But it failed to garner enough votes to pass. If Texas legalizes sports betting, the industry could generate billions in revenue, and thousands of jobs will be created in the state.

In the past, a bill sponsored by Democratic Rep. Eddie Lucio III in the Texas House aimed to legalize sports betting in the state. It also proposed regulation of retail betting and online sports betting, and referenced five potential sports-betting permits. Among the most noteworthy omissions was the possibility of legalized sports betting in the state for those 21 years and older. While the bill was rejected, there is still a chance for the industry to flourish in Texas.

Legalization of sports betting in Oklahoma

The state of Oklahoma is preparing for the potential end of restricted sports betting, and legislators are exploring a variety of options. One bill has the support of some tribal casinos and other interests, while another bill aims to legalize online sports betting. However, neither of these approaches is certain to be successful. In fact, legalized sports betting in Oklahoma isn’t likely to happen this year. Despite the odds, a new bill introduced in the state legislature may improve its chances.

Oklahoma is one of the only states that doesn’t allow sports betting, but the state does have a huge casino industry. The state has three racetracks and legal daily fantasy sports wagering. Despite this lack of legalization, Oklahoma has a very permissive attitude towards games of chance. While it is difficult to predict how long it will take before the state legalizes sports betting, a bill was already in the works before the Supreme Court ruled against PASPA.