MLB betting enjoyed a particularly booming phase during the Summer when traditional US sports betting powerhouses like basketball and football were in-between seasons. Of course, it helped that those summer months were when the MLB season started to pick up some steam.
Entertainment giant Disney has started taking its first baby steps into the fast-growing sports betting market. This information became public worldwide on November 10, 2021, and was announced by the CEO of Disney, Bob Chapek. He said, “Given our scale and reach, we can partner with 3rd parties in a very significant way.” As of now, Disney has only disclosed ESPN as a licensing partner in this multi-billion-dollar betting venture.
In the coming months, we may get to see fully legalized sports betting in Maryland. According to a statement by the Director of Maryland State Lottery & Gaming Control Agency (MLGCA), John Martin on November 4, 2021, the Sports Wagering Application Reviewing Commission (SWARC) is facing some delays that are likely to push back the launch date for land-based casinos to early January 2022. In his words, “The delay could possibly push sports wagering back until after the New Year.
The legal status of sports gambling in Ohio has remained a subject of debate for several months since the sports betting bill was introduced by the Senate to the Ohio House. Following the decision of the U.S. Supreme Court in 2018 that individual states can set up their own rules for sports betting, Ohio House and Senate has been working on passing a bill to legalize sports betting in the state.
While it is suggested that the social media giant is trying to penetrate the USA sports betting market, the facts speak for themselves. Indeed, its crusade over the years, as seen in its active involvement in the NFL and college football engagement is noteworthy. It has transcended from the live streaming of games to seeking sports partnerships and related contracts even in recent times.
Indiana saw a second consecutive record-breaking month as the state revealed its October’s sports betting handle to be $461.1 million. This was a 29.7% increase from the previous record month when Indiana handled $335.4 million in September.
Tennessee was one of the later states to pass the necessary legislation to bring online sportsbooks into its borders, and when it did so in 2020, it only managed to do so in November. This meant it missed the crucial window of the start of the NFL season, where there is a steady stream of games and lots of excited bettors. It’s one of the best periods of the season.
When the US Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, it broke Nevada’s monopoly on the betting market. Many experts in the industry foresaw a drop in Nevada’s revenues from betting as more states offered players different options.
While Las Vegas and Atlantic City are the U.S. cities most known for their land-based casinos, gambling is indeed an international sport. As anybody who owns a television knows, online gambling and sports betting has been on the rise, especially since the COVID-19 pandemic hit.
While other states were airing news stories about local pumpkin patches last Monday, the reporters in New Jersey had a different sort of news to announce. Effective September 30, 2021, New Jersey was the first state to generate a billion dollars in gambling bets.
