Sports betting in the United States has been up for debate for several years now, but when looking at the benefits it has had in 17 of the 50 States at this time, there are many wondering why others are hesitant to legalise this. In this article, we will be looking at the stance on Legal Betting in the USA and the benefits it has had in Colorado.
Sports Betting In The United States
Sports betting at this time in the United States is a hot topic as a number of countries are fighting to have it legalised within their states. At this time, there are a total of 17 states that have regulated sports betting opportunity. As more of these states begin to legalise sports betting, it may well be possible for all 50 states to legalise this and enjoy the revenue benefits form this. The following states are the only one to have legalised this:
- New Hampshire
- New Jersey
- New York
- Rhode Island
- West Virginia
Though this is a shortlist in the grand scheme when you look at the 50 states, this is a promising time for sports gambling in the USA and is set to continue in the near future.
Sports Betting In Colorado
With plenty of planning on the launch of sports betting in Colorado, this is a launch that is one of the biggest. With a simpler mobile application, it is possible for online gambling in all its forms allowing for people to be tracked. When asked about the launch of sports betting in the state the head of the gaming division Dan Hartman had this to say:
“We have an app that shows when and where people log in from and they started filling up from across the state.”
This not only allows them to track each bet that is made but it can monitor the behaviours of everyone that can log on. This is similar to that of other states and has the potential to monitor the growth of regulated sports gambling within the state. Though this is only developing at this time this has the potential to revolutionise sport at this time. With a total of six sportsbooks deciding to begin operation in the states, this is looking promising in the long term.
The Impact On Sport
As the number of states legalising sports betting continues, this is set to have a profound effect on the future of sports. With more and more people using sites like LegalBetting to choose where to make bets on live sporting events, this is likely to increase the viewership figures. This is because those who have a bet placed are likely to tune into the event. This, as a result, is likely to increased revenue and benefit the state as a whole. Whether this is sports betting in their local casino or from several mobile apps, this can be monitored by the state.
As sports betting continues to become popular in the USA, we are likely to see a number of states begin to legalise sports betting. This is in part down to the benefits that it can offer. These are some of the following:
- Revenue generated for the Economy
- Funding for state projects
- Business for local casinos
- Revenue for sporting associations
Each of these benefits is set to have a huge impact on the revenue generated in the United States and can have a huge positive impact on the economy. However, with fierce competition between many casinos in this area, there are many wondering how much difference this will make to their annual revenue. In some states, there are even some funds put aside for casinos to use to help combat the losses that they could receive with the legalisation of sports gambling in these states. This is, therefore, an exciting time for Colorado particularly as this will pave the way for other states to begin the legalisation process.
With this in mind, several changes are being made in the United States that are sure to impact many industries in terms of state revenue and the economy of the United States as a whole. It is this positive change that is making the legalisation of sports betting in all 50 states look even more achievable than ever before.