The Supreme Court ruled that individual states have the right to regulate sports betting, prompting several new jurisdictions to jump into this potentially lucrative space. But the way in which these states approach sports betting differs from one another, with some having more extensive regulations than others.
Pennsylvania is a prime state for sports betting, with multiple major free-standing casinos and a booming online gambling industry. It is also one of the few states that requires in-person registration at a casino to get started with regulated sports betting. As of early 2023, there are more than 30 sportsbooks in the Keystone State, including 14 online betting platforms.
While sports betting is the main focus of this article, it should be noted that the state of Nevada has a number of other types of gambling, including horse racing and participating in fantasy contests. In addition, it has a number of tribal gaming operations. These factors make it a diverse and interesting market.
Nevada is one of the highest-grossing sports betting markets in the United States, with more than 170 retail and online sportsbooks as of early 2023. Its rules and regulations regarding sports betting differ from other states, and bettors should familiarize themselves with them before placing wagers.
The Bay State has been a hotbed for sports betting since it legalized the activity in 2018. As of late 2021, there were more than 30 regulated sportsbooks in Massachusetts, including 14 online platforms. The state’s regulations are somewhat restrictive in terms of the type of data that can be used for calculating odds, and it also prohibits certain activities, such as offering or accepting a bribe to fix a sporting event.
Connecticut legalized sports betting in 2018 and has made some changes to its regulations since then. In particular, the state now requires a minimum initial deposit of $25, and it restricts the number of accounts that can be opened by each person. It also prohibits the use of proxies to place bets, and it requires sportsbooks to report all bets placed by minors to the Department of Social Services. The state also requires a self-exclusion list for problem gamblers, which includes those who have lost more than $10,000 in a single year. This list is not to be shared with anyone else, and it must be updated regularly. Finally, the state requires sportsbooks to display their odds for each game within a reasonable period of time. This is designed to prevent exploitation of vulnerable players and protect them from the dangers of gambling addiction.