For how long do the Happy New Year pleasantries last? We believe it has yet to pass that awkward stage. And anyhow this is our first meet since 2019 so a prosperous 2020 to you all!
What a year it promises to be for US sports betting. If you thought the last twelve months were packed with states launching sports betting right left and center, just wait for 2020. It’s going to be big!
Here are three states getting ready to launch legal sports betting this side of the summer.
- Projected launch: March
Looking forward to betting on March Madness, Michiganders? After Santa came early to gift legal sports betting, the focus centers on drafting the rules and regulations in time for one of the widely anticipated sports events of the year.
All going well the Michigan Gaming Control Board should give the state’s three commercial casinos the green light to begin taking bets in-person less than three months from now.
Statewide mobile wagering will follow soon after, as has been the typical process of many states. PointsBet and Fox Bet are the first operators to secure market access for the Michigan mobile betting scene. FanDuel and DraftKings will also feature in what promises to be a highly competitive online market.
- Projected launch: March
March may also see champagne corks flying in Tennessee. The Volunteer State made sports betting legal in May of 2019 and has been drafting rules ever since.
Given the uniqueness of TN sports betting - since there are no casinos, the state will become the first to launch an online-only market - lawmakers taking their time in getting things right is fair game.
The wait could soon be over, though. It’s believed applications from potential operators (including FanDuel and DraftKings, of course) will be considered from February with March, 1 penciled in for the grand launch.
- Projected launch: May
After the Colorado public (narrowly) voted in favor of legalizing sports betting in November 2019, the thirst for sports wagering should finally be quenched in May 2020, a year on from the Colorado state legislature originally approving the bill.
The legislation passed will see sportsbooks taxed at 10% to help pay for the Colorado water plan, while the framework will cater for statewide mobile wagering via sports betting apps.
Before Christmas, CO sports betting stakeholders including sportsbook/casino operators, sports leagues and sportsbook suppliers met to discuss the upcoming launch. But with the market unable to begin until May by law, the Colorado Limited Gaming Control Commission has some time to draft the rules and implement a regulatory framework.