Sports betting is limited to those 21 and older, and the state will collect a 6.75% tax on net receipts.
Search results for:
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.
New Jersey lawmakers are scheduled to make some key decisions as they race to legalize sports betting after winning a case in the U.S. Supreme Court.
Delaware will begin full-scale sports betting next week, wasting no time after a U.S. Supreme Court ruling cleared the way for states to implement wagering schemes.
The Fairleigh Dickinson University poll conducted shortly before the U.S. Supreme Court cleared the way for states to legalize sports betting found that 50 percent of Americans favor it, with 37 percent opposed.
With millions expected to be wagered illegally on the upcoming Super Bowl, Nevada and gaming officials are eagerly awaiting a U.S. Supreme Court decision on whether states should be allowed to offer legal sports betting.
Warren Buffett looks at his offer to pay $1 billion to anyone who fills out a perfect NCAA tournament bracket as nothing more than a matter of having the numbers in his favor. Mathematicians say he’s right.