Whether or not sports betting is legal in your state depends on your state’s constitution. New Jersey’s law was ruled unconstitutional by the Supreme Court. The ruling cited states’ rights and ruled that the law was in violation of the states’ rights. Nonetheless, there are some states that allow sports betting, including Tennessee and Iowa.
Legalization of sports betting in Minnesota
Minnesota lawmakers have been dragging their feet on legalizing sports betting for a few years now, but the momentum is building again. In 2018, the legislature introduced five bills to legalize sports betting, but none of them passed. Many stakeholders remain split on the issue, but a new bill introduced by Rep. Zack Stephenson promises to bring sports betting to Minnesota by 2022. The state follows a rule that odd-year bills carry over to even-years.
A Minnesota Native tribe has endorsed a bill by Democratic Rep. Zack Stephenson, a Coon Rapids Democrat, that would legalize sports betting in the state. The bill will get its first committee hearing this Tuesday. If passed, sports betting would be available in casinos and mobile betting lounges all over the state.
Legalization of sports betting in Tennessee
Legalization of sports betting in Tennessee is a step in the right direction for the state. After all, it is the first state to do so. The state government has designated a board called the Sports Wagering Advisory Council, which will oversee the rollout of sports betting in the state. However, this board is considered a speed bump.
The bill also contains a number of restrictions, limiting what sportsbooks can offer. For example, the state will only allow sports betting in Tennessee if it is accompanied by the proper licensing fees. It will also require retail sportsbooks to pay a $750,000 license fee that will go to a Tennessee Promise scholarship fund. This fee is among the highest in the nation.
Legalization of sports betting in New Jersey
The legalization of sports betting in New Jersey began with a voter referendum in 2011. However, the state’s sports betting law has faced challenges from federal courts and judicial reviews. In December 2017, the state’s law went before the US Supreme Court. The Professional and Amateur Sports Protection Act, which prohibits sports betting in New Jersey, was ruled unconstitutional.
Sports wagering in New Jersey has a long and diverse history. The State’s Division of Gaming Enforcement reported that sports betting in New Jersey generates $546 million in August of this year. New Jersey has also introduced new sports betting products, like Fubo Sportsbook, which integrates betting and viewing in one seamless platform. And there’s also the Prophet Exchange, a peer-to-peer sports betting exchange and the first legal sports betting exchange in the US.