With the rapid growth of sports betting in the United States, industry leaders and regulators appear to be embracing a collaborative approach to establishing rules for the market.
Regulators Embrace Importance Of Legal Sports Betting In US
Sports betting in the US has grow massively over the past few years. Of the 50 states in the United States, roughly half have officially legalized online sports wagering. This includes the likes of Nevada, Arizona, Ohio and Colorado to name but a few.
Furthermore, there are also seven states in the US in which physical sportsbooks are legal. Washington, Montana, North Dakota, South Dakota, Wisconsin, New Mexico and Mississippi.
Sports betting in the state of Florida has also recently been legalized. Sports betting was was legalized back in November 2021 in the state, but just three weeks later was shut down by a federal judge. Now, it seems that sports betting in once again legal in The Sunshine State after a federal appeals court reversed that decision.
On top of this, the states of Nebraska, Maine, Vermont, Kentucky and North Carolina are current in discussions about legalizing sports gambling, with sports wagering pending in these five states.
Of course, there are still a number of states in which sports wagering has not yet been legalized. For example, two of the biggest states in the US, California and Texas, are yet to legalize sports betting in the state.
Ensuring Positive Customer Experience Is Key For Sports Wagering
Industry participants and regulars appear to be embracing a collective approach to establishing rules for the market in the US.
This week, participants in the All-American Sports Betting Summit in San Diego agreed on the importance of a balanced approach to regulation. Representatives of vendors, sportsbooks and state governments have agreed a common interest in ensuring a positive experience for sports betting customers.
Seth Schorr, the CEO of Fifth Street Gaming, said this in a keynote speech at the conference:
“Work with regulators – they’re not cops, at least not most of them. In my experience, regulators, operators and vendors are all aligned, we all want the same thing: to maintain the integrity of the game.
Pay your taxes so the community benefits. Take care of your customer. It’s bad business to let someone lose more money than they can afford.”
There is still along way to go in entirely legalized sports gambling across the board in the United States, but progress is being made each and every day. It is likely that a handful of states will opt to legal sports wagering within the next year, with more to follow in the not so distant future.