In sports betting, official bets are wagers placed directly with the governing body of the sport. These bets are settled based on the official result as determined by that governing body, which will include overtime scores. These official results won’t be affected by any later changes made to the game or its score. Pending bets will remain in play until the next scoring drive. However, a fumble that is recovered for a first down won’t count as a running play.
The legality of sports betting in the US is dependent on how states choose to regulate it. Some states have prohibited sports betting, while others have enacted laws that allow it. For example, New Jersey voted to legalize sports gambling in 2021, but the major leagues challenged that law. A lower court ruled against the state, and a ruling by the Third Circuit Court of Appeals upheld that decision. The state eventually appealed to the Supreme Court, which decided to hear the case.
After the Supreme Court ruling, several states have moved to legalize sports gambling. Nevada started offering sports betting in 2022, followed by Delaware and New Jersey in 2023. Colorado became the 19th state to legalize sports betting in 2020, and its sportsbooks have since expanded to include a variety of casino games and online options. There are a few restrictions, including prohibitions on player prop bets in college games and limits on wagering amounts.
Kentucky passed sports betting legislation in 2023 and rolled out its first retail sportsbooks in September. It also launched online and mobile sportsbooks in October, with eight operators launching on day one of legalization. Its online offerings include DraftKings, FanDuel, Caesars, BetRivers, PointsBet, and BetMGM.
Ohio lawmakers approved a bill in December 2021, and sportsbooks began opening for business on Jan. 1. The state has 25 licenses, and its sportsbooks are powered by Tipico. The site offers a variety of sports, and a wide range of bets, including moneyline, total points, and more.
In addition to being able to place bets on sports games, players can also make bets on daily fantasy sports contests. These wagers are based on the performance of players in real-world sporting events, and are typically made using money or credits earned from playing the contests. Daily fantasy sports contests are legal in most states, and can be a great way to earn money from sports betting.
The American Gaming Association supports legalized sports gambling, and says that it will benefit the industry, communities, and players alike. But sports betting is not without its risks, which include corruption, match-fixing, and the proliferation of illegal gambling. The AGA believes that the best approach to curbing these risks is to provide sports betting regulations that are consistent with existing federal law. But the legalization of sports betting has been a slow process. In order to ensure a safe and responsible environment, sportsbooks should follow the guidelines set out by the AGA and other industry groups.