In the month of July, several states made progress towards legalizing sports betting, continuing the trend of expansion in the industry. Iowa, Maine, Maryland, and Tennessee all took steps towards allowing residents to legally place bets on sports events.
In Iowa, the state’s Racing and Gaming Commission approved the final sports betting rules, paving the way for the launch of legal sports betting in the state. The commission also approved 18 casinos to offer sports betting, with the first bets expected to be placed in August.
Maine’s Governor Janet Mills allowed a sports betting bill to become law without her signature, clearing the way for the state to begin regulating sports betting. This decision came after the state legislature approved the bill earlier in the year. The bill allows both online and land-based sports betting in Maine.
Maryland saw progress in its efforts to legalize sports betting, with the state’s General Assembly forming a workgroup to study the issue. The workgroup is expected to make recommendations on how to implement sports betting in the state, potentially leading to the introduction of legislation in the future.
In Tennessee, the state’s Sports Gaming Act officially went into effect on July 1, allowing for online and mobile sports betting. The Tennessee Education Lottery will oversee the regulation of sports betting in the state, with licensed operators expected to launch their platforms in the coming months.
Overall, July was a busy month for the sports betting industry in the US, with several states taking steps towards legalization. As more states open up to legal sports betting, the industry continues to grow and evolve, offering new opportunities for both operators and bettors.
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