The sports betting industry is gearing up for an anticipated increase in demand for sports wagering as sports leagues are slowly restarting their seasons. The top sports leagues in the US, such as the NBA and the MLB, will be back in the next few weeks. Coupled with the accessibility of gambling software and a very excited customer base, sports gambling demand will be increasing this July.
California has a pending bill, SCA 6, that plans to allow voters to decide if they want sports betting to be legalized in the state. The bill is one of many that the Senate Appropriations Committee will be discussing this week. However, the bill’s author. Sen. Bill Dodd, plans to pull his bill. Which means that we might not see a sportsbook industry in California. At least, not in the next couple of years.
Pennsylvania has one of the fastest-growing iGaming industries in the US. Despite the coronavirus pandemic, online gambling has been doing well in the state. And with more sports events resuming, the online sportsbook numbers in Pennsylvania improves in May as well. Let’s take a look at the numbers.
As more and more sports leagues are returning across the world, a lot of sportsbook pay per head providers are seeing a very healthy increase in handle for the month of May. For now, retail sportsbooks and casinos are still closed, so all of the betting action is done online. Indiana sportsbooks mobile handle increases in May as well, where we are seeing a 41% increase in mobile sports betting activity.
New York has been working on having online sports betting legalized for quite some time. But the discussion on whether a constitutional amendment is a requirement before passing a law has delayed any effort to allow New Yorkers to place wagers online. But almost a year after the latest step, which is to conduct a study on the feasibility of having an online sports betting market, nothing much is happening. And with New York still stalling on mobile sports betting, they are losing a lot of income opportunities. Especially from revenues on sports betting taxes.
Sports leagues across the world are slowly working towards resuming their respective seasons. The Premier League is taking cautious, but wide steps in returning to the field. Last May 19, we saw Premier League clubs return to training. They were required to comply with the Return to Training Protocol of Project Restart.
Michigan’s sportsbooks and casinos are getting ready to resume operations after being shut down in the middle of March due to the coronavirus pandemic. The Upper Peninsula of Michigan is home to numerous tribal casinos. Some of these establishments are already open, while some are getting ready to reopen.
As expected, states are poised to take a hit on their local industries, and gambling is not exempt. With sports leagues on a break and casinos shut down, more and more people are considering moving their action online with existing sportsbook solutions that they are comfortable using. What was once just an option, is now Read more about Online Sportsbook Services are Saving US States’ Gambling Markets[…]
Months and months after tedious planning and voting by Colorado residents and lawmakers, the news is in: Colorado sports betting is now legal. Initially, plans to launch the local market was scheduled for May 1. A lot of people were concerned about the coronavirus pandemic. But the state still continues on without a hitch. If Read more about Bookie News: Colorado Sports Betting is Now Legal[…]
The coronavirus pandemic has no doubt caused the sports betting industry to have record-breaking dismal numbers. This is evident in the data from March. Nevada, the gambling capital of the US, is not spared from this as well. The sports betting handle of Nevada has a 76% drop on year over year numbers following the Read more about Nevada Sportsbooks and Casinos See Rise in Mobile Gambling in March[…]