Matthew Waters and the team at Legal Sports Report highlight some of the key US sports betting issues to look out for in the week ahead.
Nevada’s 2019 sports betting results: It’s already clear Nevada will be the state leader for sports betting handle in 2019, but this week we’ll find out by how much. Second-place New Jersey took $4.6 billion in handle last year, but Nevada is already at $4.7 billion through November. Nevada also broke its monthly handle record in November with $614.1 million, up 2.9% from its previous record set in March 2019.
Sports betting bill hearings in three states: We’ll hear what legislators think about some of the proposed sports betting bills in Kansas, Maryland and Washington state. The first hearing will be Monday in Washington where a tribal sports betting bill will be heard in the House Commerce and Gaming Committee. The tribal bill is just one of the sports betting initiatives in the legislature this year with the other bill also looping in commercial operators. The commercial initiative will be heard Thursday. Elsewhere, Maryland and Kansas will discuss sports betting on Wednesday. Maryland will discuss two bills: SB 58 that does not include online sports betting and SB 4 that does. Kansas’ SB 283 includes fairly industry-friendly terms.
Colorado sports betting stakeholders meeting Friday: Colorado’s gaming regulators will again meet with industry stakeholders to go over proposed rules and regulations for sports betting, which can go live May 1. Regulators recently posted updated proposals, which no longer require operators to pay and get approved for each sport on which they want to take bets. The state is working to make sure any online operator that is ready to launch on May 1 with a temporary license will be able to do so, a spokesperson told Legal Sports Report.