Introduction
In the past, online betting in the United States was a murky legal landscape. However, in recent years, there has been a sea change in the regulatory environment. Today, over 30 states have legalized sports betting, and the market is expected to grow exponentially in the coming years.
Legal Landscape
The legalization of online betting in the U.S. was spurred by the Supreme Court's 2018 decision in Murphy v. NCAA, which overturned the Professional and Amateur Sports Protection Act (PASPA). PASPA had prohibited sports betting in most states, but the Court ruled that it was unconstitutional because it infringed on states' rights to regulate gambling.
Since the PASPA decision, many states have moved quickly to legalize sports betting. As of 2023, the following states have legalized online sports betting:
State | Year Legalized | Number of Licensed Operators |
---|---|---|
Arizona | 2021 | 19 |
Arkansas | 2019 | 13 |
Colorado | 2020 | 27 |
Connecticut | 2021 | 15 |
Delaware | 2018 | 5 |
Florida | 2021 | 14 |
Georgia | 2023 | 4 |
Illinois | 2020 | 18 |
Indiana | 2019 | 12 |
Iowa | 2019 | 19 |
Kansas | 2022 | 4 |
Kentucky | 2023 | 6 |
Louisiana | 2021 | 13 |
Maine | 2023 | 8 |
Maryland | 2022 | 10 |
Massachusetts | 2023 | 15 |
Michigan | 2020 | 15 |
Mississippi | 2021 | 8 |
Missouri | 2022 | 13 |
Montana | 2020 | 7 |
Nebraska | 2023 | 5 |
New Hampshire | 2019 | 10 |
New Jersey | 2018 | 20 |
New Mexico | 2022 | 11 |
New York | 2022 | 9 |
Ohio | 2023 | 16 |
Oklahoma | 2023 | 10 |
Oregon | 2019 | 11 |
Pennsylvania | 2019 | 13 |
Rhode Island | 2018 | 5 |
South Dakota | 2021 | 8 |
Tennessee | 2019 | 12 |
Texas | 2023 | 14 |
Utah | 2023 | 3 |
Virginia | 2021 | 12 |
Washington | 2020 | 10 |
West Virginia | 2018 | 5 |
Wyoming | 2021 | 6 |
The Market Landscape
The U.S. online betting market is still in its early stages of development, but it is poised for rapid growth. According to the American Gaming Association, the legal sports betting market in the United States generated $57 billion in revenue in 2021. This figure is expected to grow to over $150 billion by 2025.
The growth of the U.S. online betting market is being driven by a number of factors, including:
Benefits of Online Betting
There are a number of benefits to betting online, including:
How to Bet Online
Betting online is easy. Here are the steps you need to follow:
Tips and Tricks
Here are a few tips and tricks for online betting:
Common Mistakes to Avoid
Here are some common mistakes to avoid when betting online:
Conclusion
Online betting is a great way to enjoy your favorite sports and make some money. However, it is important to remember to bet responsibly and avoid making common mistakes. By following the tips and advice in this guide, you can increase your chances of success when betting online.
State | Year Legalized | Number of Licensed Operators |
---|---|---|
Arizona | 2021 | 19 |
Arkansas | 2019 | 13 |
Colorado | 2020 | 27 |
Connecticut | 2021 | 15 |
Delaware | 2018 | 5 |
Florida | 2021 | 14 |
Georgia | 2023 | 4 |
Illinois | 2020 | 18 |
Indiana | 2019 | 12 |
Iowa | 2019 | 19 |
Kansas | 2022 | 4 |
Kentucky | 2023 | 6 |
Louisiana | 2021 | 13 |
Maine | 2023 | 8 |
Maryland | 2022 | 10 |
Massachusetts | 2023 | 15 |
Michigan | 2020 | 15 |
Mississippi | 2021 | 8 |
Missouri | 2022 | 13 |
Montana | 2020 | 7 |
Nebraska | 2023 | 5 |
New Hampshire | 2019 | 10 |
New Jersey | 2018 | 20 |
New Mexico | 2022 | 11 |
New York | 2022 | 9 |
Ohio | 2023 | 16 |
Oklahoma | 2023 | 10 |
Oregon | 2019 | 11 |
Pennsylvania | 2019 | 13 |
Rhode Island | 2018 | 5 |
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