Sports Betting News from Around the States
Scott Morris | May 9, 2019
Ever since the PAPSA repeal, states, gambling companies and for that matter non-gambling companies have been looking at how they can get a piece of the action. We have reported on much of these events in the last year.
In this article we want to bring you some quick summaries of developments that have happened in the last few weeks in the world of sports betting in the United States.
Fox Sports Acquires Share of The Stars Group
The Stars Group is the company that owns Poker Stars. They are already set up to deliver their poker product in the U.S. – Now, Fox Sports, one of the largest provider of sports content, has bought 5% of that company in a deal that would seem to suggest that they will be pushing the brand in states where they are allowed to operate legally. This is a smart move for both companies. Fox will have the option to acquire 50% of The Stars Group after ten years.
Mobile Betting Now Legal in Tennessee
The Tennessee General Assembly passed a bill that allows interactive sports betting only. This means that residents of Tennessee can bet with online apps and on online betting site approved by the state of Tennessee. Even though the Governor has been notoriously anti-gambling, he said that he would not veto the bill. The bill takes effect on July 1st, 2019.
Montana
The state has legalized sports betting and Gov. Steve Bullock has signed the already legislature-approved deal. Sports betting will fall under the State lottery’s jurisdiction.
Indiana
The state passed sports betting legislation. Bettors can place their wagers at casinos or on mobile devices. You will need be 21 years of age or older to wager on sports in Indiana. The state also a 9.5 percent tax on sports bets.
By July 1st there will be nine states in total that have legalized sports betting in the last year.
Update 5/13/19:
JUST IN: Iowa becomes 11th state to legalize sports gambling. As many as five more states could possibly legalize sports gambling by the end of 2019.
— Darren Rovell (@darrenrovell) May 13, 2019
