2020 And US Legislation: Could This Be The Year For Sports Betting?
April 2, 2020
2020 is a year for uncertainty with many economies struggling at this time. But with several economies slowing down at this time, could sports betting be a simple way of boosting state revenue. We have seen several states already benefit from this and as times change, we could see more in the near future. In this article, we will be looking into whether or not 2020 could be the year for the legalisation of sports betting in 2020.
20 States To Legalised Sports Betting
During this time, sports betting in the US is different to everywhere else in the world. With only a hand full of states fully legalising sports betting, there are still numerous restrictions on not only sports betting but also betting online as a result. To help you keep track, below there is a list of some of the states that have legalised sports betting so far:
- New Jersey
- West Virginia
However, with several changes set to be made in the near future, there could be another wave of states passing laws in time for 2021. To keep up with this at legalbetting you can receive the most up to date information as the bills are passed.
Recent Changes In Washington
One of the most recent examples of positive changes in attitudes is the recent passing of a bill in Washington. This stated that sports betting is only permitted within tribal casinos. Though this is a problem for those that were looking to capitalise from this, this is a huge benefit for tribes, particularly in these troubling times. This law is set to help generate a vast amount of revenue for tribes that will not only pay for the education of children but also acts as the main source of revenue to aid businesses.
This is set to be a huge positive driving force for the state also as many see this is the first step towards legalising sports betting as a whole. However, this could be something that people have to wait for until the end of the year for as many states are currently focusing on maintaining their economy during this period.
Positive Signs For Sports Betting In Kentucky
Sports betting in Kentucky has by far seen the most opposition as there have been many tries to legalise it. However, with a fast amount of support from other political parties in the state and a new representative, it is looking likely that the law will be passed either this year or the beginning of the next. This is promising for the state for a number of reasons, but the revenue that the state can make will always be a benefit, particularly in these trying times. This has proved highly valuable for states such as Nevada have seen a vast amount of positive growth in their economy as a result.
The Future Of Tribal Negotiations
In addition to the tribal negotiations in Washington, many other states such as Oklahoma, Florida, California and Connecticut are also seeing tribes making huge decisions in the voting process. Though they are only in the beginning stages of negotiations at this time, this is promising as this could mean changes to bills that we have seen in Washington. This can be beneficial for the economy in these states as well as the future of the native tribes in these areas, therefore the passing of bills such as this are looking promising.
The Ongoing Debate In California
California has tried many times now to legalise sports betting but as attitudes have changed over the years, we have seen a statewide lottery be introduced. However, with ongoing pressure on the state to change the rules, there have been preliminary meetings to see what changes can be made. Due to the sheer number of people residing in the US state of California, this would be a huge step forward for the legalisation of sports betting as this can generate a huge amount of revenue for state which is needed at this time.
With this in mind, the legalisation of sports betting in the United States comes with a huge number of benefits for every state, whether it be to generate money for tribes or for the economy in the state, this can be beneficial on a number of levels, but will legalisation ever occur on a federal level?