Sports Betting in the US can be a bit complicated, especially since the decision to legalize sports betting will be made on a per state basis. Betting software development is one of the most used by those who are becoming bookies to accommodate a rising number of players and betting action. This growth can also be seen in the US market as states legalize and regulate sports betting in their respective areas.
But the pace is not the same for each state. Some, like New Jersey, were quick to adapt to a new market. They have been enjoying great numbers in terms of revenue from sports betting since last year. Some states, however, like Minnesota, are not so quick. This means that they are losing possible revenue from neighboring states. In this particular case, Iowa has legal sports betting. This means people from neighboring states like Minnesota are crossing state lines to place bets.
Minnesota Sports Betting
Since Iowa legalized sports betting, Wisconsin too notice. They are also now on their way to put up a sports betting industry. Minnesota is also thinking twice. Last year, bills were proposed in both the House and the Senate, but failed to generate attention and success. But Senator Roger Chamberlain, who authored the previous bill, wants to try again. His point is, if even Iowa has a law on this, then it would be embarrassing for them to not have one.
Of course, if states in the region won’t legalize sports betting, people will be going to Iowa for action. This means money will be leaving the state, and Iowa will gain revenue from taxes and licenses that can be used for Iowa programs. With Iowa moving forward, local legislators may be more optimistic with reviewing legislation on sports betting. In a large market where competition matters, any advantage will help. Especially with the use of sports betting software, where location won’t matter, since accessibility from different platforms is a key feature to their services.