Sports betting is limited to those 21 and older, and the state will collect a 6.75% tax on net receipts.
Betting
Montana became the first state to legalize sports betting this year after Gov. Steve Bullock signed a bill Friday for the state lottery to oversee a system of wagering through kiosks and mobile applications that could be running by fall.
American professional sports leagues used to fight sports betting as an existential threat until the U.S. Supreme Court handed them a loss. They widely lost again when state legislatures rejected their pleas to be cut in on the action under new laws.
Governors in Montana and Iowa are considering measures that would allow residents to wager on sports, while Indiana lawmakers are scheduled to approve their own version as early as Wednesday.
