Since a Supreme Court ruling opened the door in 2018, legal sports betting has grown exponentially across the country. It’s generating record profits for sportsbooks and states and, some experts believe, fueling a dangerous rise in compulsive gambling
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The legal Massachusetts online sportsbooks are all tethered to land-based casinos and feature names like BetMGM, WynnBET, FanDuel, and Caesars Sportsbook. However, there are some important differences between them.
Arizona
Unlike other states, Arizona has no gambling laws that prohibit sports betting. In fact, the state’s sports teams are encouraged to open retail sportsbooks. In addition, the state’s 22 federally recognized tribes have qualified for online licenses. These platforms can operate a retail sportsbook onsite and within a certain distance from their team’s stadium. The Arizona Rattlers, for instance, have partnered with Rush Street Interactive’s BetRivers to offer online sports betting in the state.
While some states have struggled to implement legal sports betting, Arizona has made quick work of the process. Its sportsbooks went live on September 9, 2021, less than six months after the bill passed. Sports bettors in the Grand Canyon State can now place wagers on their favorite NFL teams and NBA teams.
In the NFL, the Arizona Cardinals are a popular team to bet on. The Cardinals have made four playoff appearances but have never won the Super Bowl. However, the team is enticing to bet on because it has one of the best young quarterbacks in the league.
In the NBA, the Phoenix Suns are another popular team to bet on. The team has made two conference championships, but it has yet to win a national title. Regardless, the team is a strong contender in the West and has an impressive lineup. Whether you’re looking to bet on the Suns or the NFL, sports betting in Arizona is a fun and rewarding way to watch your favorite games.
Colorado
After the US Supreme Court ruled in favor of sports betting, some states rushed to launch online sportsbooks. Others took a more cautious approach, with Colorado being one of them. The state’s voters approved legal sports betting through a referendum in November 2019. The first sports bets were placed on May 1, 2020.
Colorado’s casinos in Black Hawk, Central City and Cripple Creek are able to offer sports wagering because they are licensed under the state’s laws. The state’s residents can also place wagers at several off-track betting locations and at a few sanctioned video game sportsbooks. These off-track betting locations are restricted to adult patrons only.
The legal sports betting industry in Colorado is regulated by the Colorado Limited Gaming Control Commission and the Colorado Division of Gaming. The commission sets regulation on taxes and fees, responsible gaming guidelines, and oversees the statewide licensing process. The five-member body meets at least monthly.
In 2021, Colorado sportsbooks saw a total of $5 billion in wagers, which is an impressive figure for the state’s inaugural year of legal wagering. This was partly due to the fact that the majority of wagers were made on games featuring local teams.
Players in Colorado can choose from a wide variety of online sportsbooks, which offer American odds, point spreads, Over/Under (totals), and teasers. All of these types of bets can be placed on national and international professional sports, college sports, motor racing and sanctioned video game sports. In addition to these popular bets, some online sportsbooks also offer player and team prop bets (excluding college sports), futures, and live betting. Players can also enjoy a number of bonuses at online sportsbooks. These can include free bets, deposit match bonuses, and more.
Indiana
Indiana sports betting has launched with little to no issues so far. Sports wagering has already exceeded expectations and the state’s first quarter saw $1 billion betted. The revenue generated will go to the state’s general fund for use in education, prisons, health care, and more.
It took a while for legal online sports betting to launch in Indiana but once the Supreme Court’s PASPA ruling was overturned, everything fell into place quickly. The state’s legislature passed H1015 and Governor Eric Holcomb signed the bill into law in May 2019.
In order to accept bets, a physical location is required. This is typically a casino or riverboat with a sportsbook partner. FanDuel is one such operator and they have partnered with several casinos in Indiana to offer online sports wagering.
The state’s sportsbooks are offering all the standard wager types such as money lines and spreads but they also have a number of interesting props. These include things like the total points scored and individual player performance. Some sportsbooks are even offering live betting which allows players to bet on the game as it plays out.
NBA basketball is popular in the state and there are a few teams to choose from including the Indiana Fever and Fort Wayne Mad Ants. Those who are interested in MLB can place bets on the Indianapolis Indians which play in the International League. While the state does not have a major league team it is home to a number of highly competitive minor league baseball teams. The state is also the birthplace of high school basketball and there are several highly ranked NCAA teams.
Louisiana
While betting on horse races has been legal in Louisiana for years, sports wagering has only recently arrived on the scene. The state uses a unique approach to gambling, with parishes (similar to counties) getting to vote on whether or not to permit betting. The Pelican State has been one of the most successful sports betting markets since 2022, bringing in over $1.8 billion in wagers. The market is thriving, but there is one big threat to the industry. That threat comes in the form of a Houston furniture tycoon named James “Mattress Mack” McIngvale, who has been placing enormous wagers with Louisiana sportsbooks.
In 2020, a statewide ballot initiative approved sports betting in 55 of the state’s 64 parishes. The state legislature quickly got to work, crafting a legislative framework for the new gambling activity. By spring of 2021, three bills that set up the tax structure and regulatory process were passed and signed into law. In June, the Louisiana Gaming Control Board handed out sports betting licenses, allowing up to 41 online sportsbooks to operate within the state.
Louisiana sportsbooks offer a wide variety of betting options, including the ability to place a wager on collegiate teams and individual player props. While other states have imposed limits on college wagering, Louisianans are free to wager on any team they choose.
The sportsbooks that are available in the state provide a range of banking options, promotions, and bonuses for players to take advantage of. Players should also make sure to peruse terms and conditions pages to get a better understanding of what they’re getting into when choosing an online Louisiana sportsbook. The more informed a bettors is, the more money they will win.
Rhode Island
Rhode Islanders and visitors to the smallest US state can bet on sports through two local casinos. The regulated RI sportsbook offers a wide range of betting options, including NFL, MLB, NBA, and NHL games as well as collegiate action. In addition, the RI sportsbook features simulcast theaters for horse races across the country. The state’s gambling industry is a major contributor to the economy, with revenues from sports betting helping to boost the economy and provide public services.
RI sports betting launched in November 2018 after PASPA was repealed, with Twin River’s Lincoln and Tiverton casinos accepting wagers. The statewide sportsbook features a mobile app developed by the Rhode Island Lottery in collaboration with gaming company IGT and William Hill. The site allows RI residents to register remotely and place bets online or in-person.
The RI sportsbook offers bettors a variety of different wagering options, including singles and parlays. In addition to standard straight bets, the RI sportsbook also accepts prop bets and futures wagers. It also offers a unique ’If Bet’ feature, which lets bettors place a second wager on their original selection if it wins.
Unlike many states, Rhode Island did not include language in its budget proposal to legalize sports betting after the Supreme Court’s ruling. Instead, Governor Gina Raimondo included a line item in the budget that gave the RI Lottery a monopoly over sports betting at the two Twin River casinos. This has resulted in a less consumer-friendly landscape than those of other states that have legalized sports betting. In addition, a statewide monopoly means that sportsbooks in the state do not offer bonuses or promotions. This may change in the future, but it is important for bettors to understand the legal requirements and potential risks of sports betting in Rhode Island before placing their first bets.
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