Day: March 30, 2022

3 posts

iBET ETF Insights: Missouri house of representatives voted Thursday to advance a measure to legalize sports betting. The vote has been cheered by pro gambling groups looking to bring sports betting to the state. The bill now moves to the senate where another vote will take place. The legislation seeks to recognize that many Missourians are already placing sports bets in surrounding states. A reading of the bill shows the legislation would allow for professional and college sports betting in the state.

iBET ETF Insights: A News Service surveyed 40 Massachusetts senators and reported that 24 senators, representing 60 percent of the chamber, favor sports wagering or bills seeking to do so. Details need to be confirmed but this is moving in the right direction. “I’m hoping to be able to do that (legalize), but as was noted, many, many of the senators, basically, to paraphrase them, said that the devil’s in the details,” President Karen Spilka said. “Once we have consensus, the intent is to do that very task.”

iBET ETF Insights: Ohio bills have already been signed by Governor Mike DeWine and the state is in the process of legalizing online and retail sports gambling. The regulatory framework still needs to be put in place before the January 2023 deadline for launch. The most likely betting partners in the state as of now are, BetMGM (MGM), FanDuel (FLTR), DraftKings (DKNG), Caesars (CZR) and Fubo (FUBO).

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