Sports Betting Laws – Important Steps in the Legalization Process

Online sportsbooks, in general, don’t scale very well. For example, traditional online sportsbooks charge customers a flat subscription fee of $500 per month, no matter how much they bet. The result is that customers will be forced to pay the same amount even during off-season or major events. The business simply can’t scale. And customers don’t like it. They can’t scale their business either. The money they pay for a subscription won’t go towards expanding the business.

Legalized sports betting in Arizona

While there have been many steps toward the legalization of sports betting in Arizona, the process is far from smooth. Some bumps in the road are anticipated while others are unforeseen. For instance, a typo nearly derailed the legalization process in Arizona in 2020. It will likely be years before Arizona sports betting is legalized. But in the meantime, here are some steps that can help the process move forward. Below are some important steps in the legalization process.

Legalized sports betting in Colorado

The first month of legalized sports betting in Colorado has been very positive. The state collected $1.1 million in state taxes from sports bettors, and nearly $300 million was handled by retail and online sportsbooks. With the playoffs in full swing, Colorado sports betting should see an increase in traffic. If the Broncos trade Aaron Rodgers, for example, Colorado sports betting could see a boost in business. And if Denver wins the Super Bowl, Colorado sports betting could see a boost in revenues.

Legalized sports betting in Wyoming

The launching of sports betting in Wyoming took place in September 2018. A few months later, the state’s Pari-Mutuel Commission announced that April’s numbers fell below those from March, the highest month for wagering. The gaming commission stated that the revenue increase from sports betting in Wyoming is not certain, but the market size is estimated at $449 million, after taking a small percentage from the profits.

Middle and money lines

Depending on how much you’re willing to risk, you can win big by betting the middle or the money line on a game. Middle betting means wagering on multiple games with different point spreads. You’ll win two bets if one of them wins, and you’ll make more money in the process than if you hedged your moneyline bets. If you’re not sure how to determine which game has the best middle and money lines, take a look at these two betting options.

In-play wagering

In-play wagering at a sports book is an excellent way to get a taste of the action as it unfolds. In-play betting is possible on virtually every type of game. While you will most likely bet on a single team or event, you can also wager on totals, point spreads, and alternative point spread offerings. Depending on your preferences, in-play wagering will be easier or more challenging than betting on a single game.