legalizing In-Person Online Betting
Unfortunately, the nation as a whole is lagging behind when it comes to online sports betting. Many states are still fighting against online gambling, and many individuals who are afraid to try their luck at online sports betting have given up. Luckily, for residents, the entire state is taking the appropriate steps toward legalized sports betting. A number of bills are being introduced in Kentucky that are trying to legalize state-wide online sports betting. If you live in the Bluegrass State, or are thinking about moving there, now is definitely the time to get involved with the world of professional betting.
The way that online sports betting is viewed right now, there is no doubt that efforts by the Kentucky legislature will be successful. In fact, a group of members in the Kentucky General Assembly introduced a sports betting bill, which is supported by both Republicans and Democrats. Majority support means that the bill has a very good chance of becoming law. Hopefully, it will be soon.
Unfortunately, there are some states that are working very hard to legalize online sports betting, but are not willing to take the step towards legalization of online gambling everywhere. Unfortunately, they have decided to fight against the growing trend of legalized sports betting in other states, even those that already have similar laws on the books. If these two groups to win their battle against legalization, there will soon be no more laws against sports betting at state level. However, that could change in the next few years.
There are two main reasons why there isn’t currently any legislation against in-person betting in states such as Kentucky. One is that the residents of these two states want to see a complete overhaul of the current system. Currently, there is an ongoing debate between regulate gambling and protect the revenue streams that are generated from in-person betting. Currently, the line is blurred in many states. For instance, in Kentucky there is a ban on lottery sales on Sunday, but lottery revenues are collected throughout the week.
Another reason why there isn’t much legal action against in-person sports betting is the influence that large sports franchises have in the political process. Many politicians and judges are beholden to the financial contributions made by the major franchises. A win for one team would mean a loss for the other, therefore, the law is passed in favor of the major teams. The argument over which team is “winnable” has become heated between New Jersey and New York, and between Texas and California.
There are five states currently considering legalized sports betting: Connecticut, Delaware, Hawaii, Maine, and Massachusetts. Of these, only Massachusetts is currently taking bids to become the first state to legalize online gambling. According to reports, Governor Charlie Baker is leaning towards supporting legalized gambling. However, if the legislature passes a bill legalizing online gambling in Massachusetts, he will have to certify that he did support the legislation before taking it up with the state House and Senate. This could prove a challenge, since he may not be popular among Massachusetts residents. In addition to the legislature, the governorship will have to approve the bill.
Most of the five proposed legalization efforts are fighting over the same issue, which is whether or not states should have more control over the online sports betting market. Some of the proposals call for the establishment of a uniform state tax and sales tax, which would allow retailers in various states to take in commissions from sports betting exchanges. Others would give power to licensed gaming houses but keep open the option for online bettors to take bets over the phone. Still others would simply allow online retailers to participate in the retail sports betting market as long as they register with the state before doing business.
The five proposed legalization states have all legalized gambling in some form; however, Maine, Connecticut, and Hawaii haven’t made official plans yet. The Department of Revenue in Massachusetts is expected to take up the issue when it meets this November. At this point it appears that no matter which proposal becomes law, Massachusetts will have one form of regulation or another over the online sports betting industry. Successful sports betting industry in Massachusetts is an attractive potential boon to the state’s economy.