LegalSportsBetting Brief: WY Gets Legal Sports Betting 10/27/2020

IL Gov. Pritzker extends remote mobile sportsbook registration again.
Wyoming will see legal sportsbooks at three retail locations.
The Indianapolis Colts and the Philadelphia Eagles both partner with their second sports betting operators.
Arkansas, Colorado, and Mississippi have major sports betting handle spikes for September.

CHICAGO – Plenty of things have been happening across the nation regarding legal sports betting topics this past week. The week began with Governors of Illinois and Maryland showing their support for sports wagering in their states in different ways.

Arkansas, Colorado, and Mississippi saw spikes in their sportsbook activities, helping overall revenues.

The biggest news of all was that Wyoming will be getting legal sports betting venues in the near future. There were also two NFL teams that partnered with their second sportsbook operator so far which is starting to become the norm.

Gov. Pritzker Extends Remote IL Mobile Sports Betting Registration…Again

For the third time in a row, IL Governor J.B. Pritzker has extended remote registration for mobile sportsbooks in the state until November 14.

IL law requires sports bettors to register at land-based locations in order to gain access to online platforms.

Due to the Coronavirus Pandemic, Pritzker has continued to allow remote registration, vowing to get back to the law’s original stipulations when it makes sense for the consumer to go out to venues to simply sign up for a mobile sportsbook membership. Mobile outlets have brought in great revenue for the state of Illinois since remote registration became available, taking in the bulk of the monthly sports betting handle.

Maryland Governor Larry Hogan In Favor Of Legal Sports Betting Passage

Maryland Governor Larry Hogan believes that voters in his state will vote “Yes” for Question 2 on November 3.

Question 2 lets Marylanders decide whether or not to legalize sports betting in the state.

Hogan backs this legislation because the revenue would go toward the education system in Maryland and help to avoid having to make cuts in K-12 education that would ease the budget crisis caused by COVID-19.

The vote is set to take place next Tuesday and a majority approval would mean Maryland legislators will have to come up with the concrete rules of the industry in the 2021 legislative session.

Sports Betting Revenue Surges In September For Arkansas, Colorado, and Mississippi

Arkansas saw $3,958,748 in combined revenue for September from their three sportsbooks. This was a 292.3% jump from August which came in at $1,008,992 for the month.

While Colorado saw huge gains in handle for the month at over $207 million, the number of payouts led to a smaller revenue for September which took in only $69,771.64. August had a lower handle of $128,646,209.09 but higher revenue of $189,461.84.

Mississippi collected $6,598,930.70 in revenue from sportsbooks in September. That almost doubled their August revenue figures of $3,748,731.90.

The increases were due in part to both sportsbook venues opening up as well as the influx of professional sporting events happening simultaneously in September.

Wyoming To Launch Sportsbooks As Tribes Take Matters Into Their Own Hands

The Northern Arapaho Tribe in Wyoming will be launching sportsbooks at three casinos in Wyoming soon. These will be strictly retail sportsbooks without mobile options.

Tribes across the nation are finding their Gaming Compacts do not specifically prohibit them from offering sports betting and they consider it to be a Class III game that they are legally allowed to offer customers under their current compacts.

The Tribes in New Mexico have already expanded their offerings to include sports wagering using this same route and now North Dakota Tribes have plans to do the same.

A definitive date for when these Wyoming sportsbooks will open up has not been set as of yet.

NFL Teams Double Down On Sportsbook Partners

The Indianapolis Colts have partnered with Caesars Entertainment and William Hill to become official sports betting partners for their organization. The Caesars Sportsbook by William Hill will have a variety of Colts’ wagers and information and is available for download by Indiana residents.

This is the second sportsbook to partner with the Colts as PointsBet previously signed a one-year contract with the team. Multiple promotions for Colts fans can be found with PointsBet’s application as well.

The Philadelphia Eagles have both Unibet and DraftKings as official sports betting operators for their franchise.

Unibet is owned by the Kindred Group who was already in business with the Eagles and decided to expand into sports wagers with the team.

Special Eagles data and bets can be found on the Unibet platform. The DraftKings partnership includes both sports betting and daily fantasy sports for Philadelphia with a number of Eagles-centric information for fans.

Looking Toward The Week Ahead

The World Series for the MLB is heading into Game 6 on Tuesday beginning at 8:08 p.m. EST on the FOX Network. The Los Angeles Dodgers lead the series 3-2 against the Tampa Bay Rays.

A win for the Dodgers would see them as World Series Champions but bettors aren’t giving up on Tampa just yet as the Rays ended up winning Game 5 in the bottom of the ninth with a final score of 8-7.

The odds for Game 6 of the World Series favor the Dodgers to close out the series at -130 odds.

On Wednesday, the Professional and Amateur Sports Protection Act of 1992 (PASPA) will see its 28th Anniversary of when it became law. It banned sports betting in most of the United States for 26 years until it was repealed in 2018.

PASPA played a huge role in how prosperous offshore sportsbooks would become within the US. After its repeal, more than half the nation opened its own legal sports wagering industries after seeing how popular and lucrative the pastime was with offshore platforms when PASPA was around.

Barstool Sportsbook’s transition into the sports wagering market will be discussed at Penn National Gaming’s (PNG) Q3 Investors meeting on Thursday. PNG purchased Barstool Sports in January for $450 million.

The CEO of Penn National Gaming already made the claim that Barstool sportsbook would expand throughout the US in 2021, but more concrete strategies as to how that will get done are expected tb be part of the conversation during the meeting.

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Christina Monroe

Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.