It’s time to end the offshore, illicit market for sports betting and iGaming, and create consumer-protected and transparent online markets in all 50 states.
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What’s the state of play in your state?
STATE OF PLAY: SPORTS BETTING
Legal and regulated online sports betting offers a safe alternative to the illicit offshore marketplace, which continues to flourish in states that haven’t yet legalized online sports betting.
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The move has raised many eyebrows, primarily because it could result in a decline in Ohio’s sports betting sector. There are also fears that a surge in betting costs could see sportsbook operators leaving the state and encourage bettors towards using illegal offshore sites
Ohio lawmakers are being warned that “Bob and Betty Buckeye” will also feel the pain of another doubling of the state’s tax rate for sportsbook operators, not just gambling companies
Hawaii became the surprise of the legislative season as a sports betting bill advanced past the House on Tuesday. Lawmakers passed House Bill 1308 on Tuesday by a 35-15 vote. It’s the farthest a Hawaii sports betting bill has made it in the Aloha State
Bipartisan resolution would let Georgians vote on a constitutional amendment for online sports betting
STATE OF PLAY: iGAMING
With only a handful of states where iGaming is legal, the vast majority of consumers are betting on unregulated, offshore platforms that provide no verified protections and dodge billions in potential gaming taxes that states could use to fund important community priorities.
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The benefits of a regulated marketplace are clear
A well-regulated iGaming market in Illinois will shift players from unsafe, unregulated platforms to trusted, secure sites, ensuring fair play and protecting their financial security. With over $750 million in potential revenue, Illinois can fund vital services, invest in infrastructure and create jobs
The economic impact of BetMGM in Jersey City goes far beyond employees, Exchange Place or tax revenue for the city and state
Proponents estimate the state would rake in $450 million in new tax revenue within a year of allowing Illinoisans to play casino games on their mobile devices, eventually generating up to $800 million a year