Full House, the Las Vegas casino operator, recently revealed plans of tapping into the newly opened Indiana mobile sports betting market. This news is revealed, after Full House announced its partnership with WSI, US, and LLC, subsidiaries of gaming and hospitality giant Wynn Resorts. The gaming giant announced last week that they will supply Full House with mobile and desktop sports betting operations in the states of Indiana and Colorado as well.
It is worth mentioning that Indiana legalised sports betting as part of a larger gambling overhaul this past June. Full House is currently operating, Rising Star Casino Resort in Indiana, and the company is yet to launch a retail sports betting facility in its Indiana-based casino resort.
When it comes to Full House’s ambitions in Colorado, they might have to wait a little longer before starting sports betting operations, as the state is awaiting voters to cast their votes on November 5 on whether sports betting should be legalised or not. According to Casino News Daily,
“Residents of the state will be able to vote against or in favour of Proposition DD that calls for the legalisation of athletic wagering in a bid for Colorado to collect additional tax revenue to fill a massive budget gap.”
Sports betting in Nevada
Nevada, on the other hand, legalised sports betting as early on as 1949, alongside live and off-track horse betting. Sin City is known to have been the first state to regulate sports betting, which was previously operated by organised crime gangs. In 1992, Congress passed the Professional and Amateur Sports Protection Act (PASPA), which banned future states expansion on sports betting. State eventually began challenging the federal ban, and it wasn’t until 2011, that states like New Jersey were pushing for voters’ approvals to legalise sports betting. According to the Legal Sports Report, “New Jersey lawmakers and Gov. Chris Christie tried to pass laws that would have legalized sports betting at casinos and racetracks. Sports leagues — the NBA, NCAA, NFL, NHL, and MLB — filed suit against the state to block the efforts, however, citing a violation of PASPA.” The battle escalated to the US Supreme Court before it was finally resolved last year, allowing more states to regulate sports betting.
Sports betting takes off with more states legalising online gambling
More states are either legalising, or pending launch/legislation on sports betting after the Supreme Court of the United States lifted the federal ban on sports betting May of 2018. Since then, eleven states have legalised sports betting, including New York and New Jersey. Other states have also passed a law to make sports betting legal, pending a launch date. In addition to that, twenty-four other states await legislation, while only eight states have not moved forward with taking any action in terms of regulating sports betting.