happy Monday, everyone. Even during one Inauguration of the President, Sports betting made major headlines last week.
The newest LSR podcast breaks down the two big stories of last week: Mobile launches in Michigan and Virginia.
While both states officially launched online last week, not all operators are live. consequences @ LSPReport on Twitter for updates when more sports bets are launched.
Top Sports Betting News: Michigan, Virginia Launch Cell Phone
Legal mobile sports betting is now available in 15th U.S. jurisdictions after Michigan and Virginia launched last week.
With the start of Michigan, the introduction of sports betting that began last March was completed. Going Mobile expanded MI sports betting from three retail sports betting in Detroit to 10 mobile apps with five more on the way.
The market includes all expected heavy hitters, but starting out Win CEO Shay Segev asserts BetMGM could be the leader. This assumes that the BetMGM partners Entain and MGM resorts, keep playing well after MGM blocks Entain.
Virginia, meanwhile, caught everyone off guard when FanDuel Sports Betting announced on Wednesday that it would go live on Thursday. FanDuel got a jump in the market because of its partner’s preferred status through state law that Washington soccer team.
The secrecy surrounding the Virginia LotteryThe rollout will only continue from here. Remember, we still have no idea who all of them 25 applicants even are. At least we know that more operators are likely to start in time Super bowl Bet, said a lottery spokesman.
VA is expanding already?
Some lawmakers want an even bigger VA sports betting market than last year’s legislation allows.
That’s because the changes in this year’s legislation should be included in last year’s bill. Del. Mark Sickles said.
Sickles essentially want that guaranteed five Sports betting licenses for the later casino operators of the state, which are to be excluded from the upper limit 12 for cell phones only Licenses.
NY mobile betting bills on the go
Both New York Senate and Assembly Versions of a law on mobile sports betting were elected by the committee last week. It’s a small first step on a potentially arduous journey.
The proposal would allow two skins per casino operator in the state for a total of 14th Licenses.
It’s not the only mobile sports betting proposition in New York, however. Governor Andrew Cuomo pushes for a state style in which one or more operators share a significant portion of sports betting revenue with the state.
Wire Act only for sports betting, court rules
The Wire acI finally made the decision the online gaming industry was hoping to see.
The Court of First Instance The Wire Act only regulates sports betting. The Trump card administration Ministry of Justice Opinion said the Wire Act was for all online gambling, which contradicted an opinion of 2011.
The verdict should be the end of this issue for now. The 2011 opinion was written during President Joe Biden was Vice President, so no appointment is expected from his administration.
Meanwhile, former President Trump made some waves in sports betting on his way out of office. He pardoned Casey Urlacher for his part in an illegal gambling ring in Illinois. Sports weather Billy WaltersMeanwhile, his sentence has been commuted for insider trading.
Another record month for PA
The return of the NBA and the end of NFL The regular season resulted in another month’s record in Pennsylvania.
Pennsylvania bettors bet $ 548.6 million last month that brought $ 12.3 million in tax revenue for the state.
More than 97% The December PA sports betting handle went online. Pennsylvania is usually up 90% Mobile Share but got an extra boost as the casinos were closed for most of December due to the coronavirus.