A lot has gone on this week in the sports betting world. Multiple states are making pushes towards legal sports betting. The NFL injuries are impacting odds, and states see insane jumps in their August sports betting handle. Let’s get into this week’s biggest sports betting stories.
South Dakota to Vote on Sports Betting
South Dakota will vote on sports betting for the state in the upcoming election. Sen. Bob Ewing proposes that sports betting will be a good thing for the state as it will bring additional revenue to South Dakota and other businesses that could have correlations to legal sports betting. “With that said, My sponsorship of bills for the Deadwood gaming industry has been successful in adding Keno, Craps, and Roulette. This past session, I was successful in helping to add Sports Wagering to be voted on in the upcoming General Election,” said Ewing in the South Dakota ballot question pamphlet.
How Early Season NFL Injuries will Impact Betting Odds
Week 2 of the NFL was a gruesome week with injuries. Some of the league’s biggest stars went down in Week 2 like Saquon Barkley, Nick Bosa, and others. Multiple players are already done for the season, which is impacting betting odds early on. The injury reports look like a CVS receipt and trying to decipher, and players’ impact with injuries makes betting that much more challenging. When handicapping NFL games this season, make sure you understand who is hurt and what their impact is to the spread.
Louisiana Campaign Helps Push for Sports Betting
The state of Louisiana is seeing a campaign to legalize sports betting this November. Louisiana Wins is explaining to the state how sports betting would be a positive contributor to the state. If sports betting is legalized in November, then the revenue generated from the new industry would go towards the education system along with fixing state infrastructures like roads and bridges. The campaign explains how COVID-19 has hurt the state’s budget, and additional revenue streams will help lessen that blow.
Colorado Sees Huge Jump in Sports Betting Wagers
Colorado released its August sports betting numbers, and they did not disappoint. The Centennial State saw a 100 percent increase in sports betting handle. Colorado saw $128.6 million bet in August, $7.5 million in revenue, and $189K from taxes. August was a great month as the MLB, NBA, and NHL had a full month of games. September should be even better when adding in the NFL. Colorado could hit a record in their early sports betting history.
BetMGM, DraftKings, and FanDuel Approved in Tennessee
This past week, BetMGM, DraftKings, and Fanduel were all approved in Tennessee to launch mobile sportsbooks on the November 1 launch date. This gives Tennesseans reputable sports betting operators to go to when sports betting officially launches. There are no casinos in the Volunteer State, so it will all be mobile betting in Tennessee. The state also has relaxed sports betting laws, so entering should be fairly easy for sportsbooks.
Michigan Moves up Sports Betting Timeline
Michigan Gaming Control Board executive director Richard S. Kalm is expected to submit a final proposal for mobile betting in the state. This would help fastrack mobile sports betting that was initially expected to launch in early 2021. Now, there is a chance that it will be ready before the end of the year. The mobile betting proposal still needs to go through a few chambers of the Michigan legislature, but there is hope for mobile betting very soon.