In Part I of this discussion I set down a list of the biggest mistakes each state has made so far on the path to legalizing sports wagering. The goal here is not to shame a state for being progressive enough to offer legal sports wagering. Instead, the goal is to encourage new states to […]
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The Biggest Mistake Made By Each State in Legal...
In the first year of widespread legalized sports betting in the US, we’ve seen 17 states take the plunge. The states that were the first movers in this space provide a good example of how it can be done and the profits that can be made. They also provide some examples of what mistakes future states […]
A Primer on Props
The Super Bowl is the biggest betting event of the year. Last year players wagered $158.6 million in Nevada. Many analysts believe that the handle will more than double this year with legalized betting in eight states. The big draw for amateur and professional bettors alike is the large selection of prop bets available. If you’re […]
My 2019 Wish List
There’s little doubt that 2019 will be a year of tremendous growth in the sports wagering industry. A year ago I wouldn’t have expected that we would already have eight states with some form of legalized sports books. Many analysts predict we’ll have upwards of double that number by the end of 2019. We’ll do […]
Jack’s Favorite Things of 2018
It’s been an incredible year to be a sports bettor. Much like Oprah, I decided to compile a list of my favorite products and innovations of the year. These are the developments that improved the sports wagering landscape. Obviously, at the top of any bettor’s list would be the Supreme Court ruling that overturned PASPA […]
The Proposed Federal Bill on Sports Wagering
As he promised he would before retiring, Senator Orrin Hatch introduced a new federal sports wagering bill this week. The stated goal of this bill is to regulate and standardize sports wagering among states that legalize it. Let’s take a look at what the bill could provide, both good and bad, and then analyze the likelihood […]
Winners and Losers of Election 2018
The midterm elections certainly attracted a lot of attention over the past few weeks. There were a few ballot questions that may have a direct impact on the march toward sports betting legalization. Here’s a quick recap of the winners and losers when it comes to the legalization of sports betting. Winner: Louisiana Louisiana […]
A September to Remember
September was the first month for which a cross-state comparison of sports betting revenue was truly viable. Now that the Nevada numbers are finally out for September, we have data from a full month of wagering in five different states: Delaware, Mississippi, Nevada, New Jersey, and West Virginia. I thought it might be fun to […]
Another Round of Progress
It’s been a couple months since we last recapped where various states are in the sports wagering legalization process. We currently have six states offering legalized sports betting: Nevada, Delaware, New Jersey, Mississippi, West Virginia, and New Mexico. When will we see the next state open up? Where does your state stand? Let’s skip all […]
Beware the Lottery
Before the great casino proliferation of the last 20 years, the state lottery was sometimes the only game in town. Lotteries, with their high hold percentages, have long been cash cows for many states. Now with other forms of gambling saturated into many state economies, lotteries have started to experience dwindling patronage. In some states, the […]
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