Sports betting is illegal in several states. However, in some states, such as Kentucky and Virginia, sports betting is legal. In Montana, sports betting is illegal. Here is a quick rundown of how the laws in those states differ from those in other states. Read on to find out if sports betting is legal in your state.
Legalization of sports betting in Ohio
The legalization of sports betting in Ohio will give sports fans a wide variety of options. In the coming months, more sportsbooks will be able to open in the state. Additionally, bars and restaurants will be able to install limited sports betting kiosks.
Legalization in Kentucky
The Kentucky House is debating whether to legalize sports betting and online poker. It was not passed during the last legislative session, but it is now back in the running. While a similar bill was introduced in the 2019 session but did not pass, it did give legislators the opportunity to learn more about sports betting and the details of how it would operate.
Legalization in Virginia
Sports betting legalization in Virginia is a huge opportunity for the state. The state’s current gambling laws prohibit sports betting, but subsequent changes in the law allow wagering on events such as the 2020 Olympics. In addition to sports betting, the state will see an increase in licensing deals and promotional opportunities. As the industry grows, so will the tax revenue. Virginia’s sports betting legislation will apply a 12% tax rate to most of the industry’s revenue. This means that the state will receive about $55 million in taxes each year from sports betting. This tax revenue may be further increased by mobile betting, which is estimated to bring $400 million in revenue to the state.
Illegality in Montana
Though Montana doesn’t allow full-fledged sports betting, horse-racing is legal in the state. In addition, the state lottery operates a fantasy sports pool that allows people to bet on only football and auto racing. However, the state does not allow online sports betting.
Offshore sportsbooks are an option for sports enthusiasts who want to bet on games without leaving their homes. They are operated outside of the United States, and are not regulated like mainland sportsbooks. This means that you do not have to verify your identity, and you can use your mobile device to bet on your favorite teams and players.
College sports betting
It is still an open question as to whether or not college sports betting will become a reality. It is important to note that the NCAA is not a fan of sports betting. In May, the Supreme Court ruled that the Professional and Amateur Sports Protection Act is unconstitutional. Despite this, the NCAA is not a fan of sports betting, and views the industry negatively.