Online gambling has revolutionized how we place bets. Now you can wager on anything from football games to horse races from the comfort of your own home! However, not all states permit or even prohibit online gambling; therefore if you’re considering betting on sports or events from another state be sure to consult what laws exist first before placing any bets.
As most US states have legalized some form of gambling, it’s crucial to be aware of which forms are permitted and in what states. Some have legalized casino gaming while others limit it to sports betting or poker; lottery sales or daily fantasy sports may have also been legalized without online gambling being made legal; the federal government hasn’t passed specific legislation on this matter; it’s up to individual states whether they decide whether or not legalize new forms of online gambling.
Delaware, New Jersey and Nevada were the initial states to permit online casino gaming; since then many more have joined them and more operators are expected to launch in the US.
New York made history in 2022 when they legalized both online and retail sports wagering. Within months, their sports betting market became one of the largest in America, surpassing Nevada by an overwhelming margin. Although New York boasts some of the highest tax rates nationwide, their high profile operators such as DraftKings and FanDuel continue to thrive there; their tax revenues go directly toward education initiatives in their state.
Iowa passed legislation legalizing online sports betting in 2019, launching in 2022 and joining the top six states for total bets. Unfortunately, however, its regulated system has experienced difficulties due to licensing processes causing several bettors issues; furthermore, Iowa sports betting law does not allow betting on in-state colleges limiting performance further still.
Colorado began accepting sports bets in 2021, quickly developing into one of the nation’s premier sports betting markets. Colorado offers an array of betting apps from national operators like DraftKings and FanDuel; revenues increased significantly in 2022 despite still trailing behind Nevada in overall betting handle.
Michigan has also seen great benefits from the Supreme Court decision striking down the federal ban on sports gambling. Michigan boasts one of the most competitive online sports betting markets nationwide and operator-friendly regulations should keep it at the top for years. In 2022 alone, its online sports betting market collected over $2 billion in bets; tax revenue generated from it goes towards problem gambling prevention and treatment efforts.