In May 2018, the United States Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992 (PASPA), a bill that prohibited sports betting from taking place in most parts of the country.
Since the revolutionary decision, nearly 30 US states launched a form of legalized sports betting. And other states such as Maryland, California and Ohio are apparently on the verge of joining the industry.
It was previously hoped and expected that Maryland would launch sports betting sometime in 2022, but 2023 might be a more realistic date now. If he launches, the best maryland sports betting apps would include BetMGM, Caesars, FanDuel, DraftKings and Unibet.
Through these apps, Maryland residents could place different types of bets on local sports teams such as the NFL Ravens and MLB Orioles, including futures, wagers, and money lines.
For example, Ravens fans can place bets on their team winning the AFC North and/or the Super Bowl. At DraftKings, they’re betting on favorites to win the AFC North at +185. Ravens Super Bowl odds on sports betting are +2200.
Last week, Maryland Governor Larry Hogan sent a letter to the State Sports Betting and Apps Review Board – further emphasizing its desire to launch mobile sports betting.
In the letter, Hogan claimed that around 80-90% of sports betting would happen through mobile devices. Hogan concluded the letter with, “I, along with many other Marylanders, will be watching your next meeting with great interest.”
New York and Illinois are shining examples of success in sports betting apps
If you want a short but sweet idea of the impact of sports betting apps, look no further than New York State.
The Empire State only launched mobile/online sports betting in January of this year. Needless to say, it didn’t take long for state officials to see a massive increase in this industry.
By mid-April, New Yorkers had placed sports bets totaling more than $5 billion, according to Larry Henry of Gambling.com.
Henry noted at the time that bookmaker FanDuel led the way in New York by taking in $1.96 billion in mobile sportsbooks. DraftKings ($1.3 billion) and Caesars ($1.29 billion) have also benefited from ten-figure bets up to this point.
New York State applies tax revenue from mobile sports betting to worthy causes, including youth sports, education programs, gambling addiction services, and more.
New York has a rich sporting history, with three NFL teams (Giants, Jets and Buffalo Bills), three NHL teams (Islanders, Rangers and Buffalo Sabers), two NBA teams (the Knicks and Brooklyn Nets) and two MLB teams (Mets and Yankees).
And with the 2022 NFL season fast approaching, New York State officials have reason to believe that sports betting will only continue to grow in the last quarter of the year. .
Sports betting was given the green light in the state of Illinois in June 2019. Like New York, “The Prairie State” has been one of the major leaders in the sports betting industry.
According to Illinois gambling council reports (h/t Pat Evans of Legal Sports Report), sports betting in the state brought in $839.4 million for the month of April. This is especially impressive considering that the American and college football seasons have yet to begin.
At the time, Evans noted that FanDuel led all Illinois sportsbooks in taking $286.3 million in online sportsbooks for the month of April, generating a whopping $33.1 in revenue. millions of dollars. DraftKings also did very well taking over $200 million.
Illinois Governor JB Pritzker has signed a $45 billion “Rebuild Illinois” plan. This new plan was expected to open more than 500,000 jobs in an effort to improve the state’s bridges, roads, universities and more. 15% of tax revenue generated from mobile and online sports betting goes to the state’s Capital Projects Fund. Like New York, Illinois is a huge sports market with professional sports franchises in each of the four major North American leagues. As football season approaches, Illinois can expect a significant increase in sports betting.
Alexia is the author of Research Snipers and covers all tech news including Google, Apple, Android, Xiaomi, Huawei, Samsung News, and more.
