Mobile Sports Betting Becoming a Necessity
It’s been one year since the Supreme Court ruling that overturned the Professional and Amateur Sports Protection Act of 1992 (PASPA). Since that day, 20% of the country has legalized sports betting. In today’s day and age, it’s not enough to legalize sports betting. States need to also allow for mobile and online sports betting for the market to reach its full potential.
The reality is that the future of sports betting, and perhaps all forms of gambling (table games, slots, poker, etc.), is online. Every state that has legalized sports betting either has or has discussed implementing mobile sports betting in their respective states. Pennsylvania even went one step further, as each online sports betting license also allows for online casinos as well.
Every expert has agreed that for a state to maximize its revenue, it will need to implement online and mobile sports betting.
Not only are the states realizing the need for mobile gambling, but so are major media companies. Last week, FOX Sports and The Stars Group announced plans to launch FOX Bet, a mobile betting app for people in states with legal mobile sports betting.
As of now, only New Jersey and Nevada have operational mobile sports betting in their states. Pennsylvania is expected to launch sometime in the next month. West Virginia had mobile sports betting but has since shut down due to disputes between technology providers. Rhode Island mobile sports betting will launch in the fall, and Mississippi allows for mobile sports betting on casino properties only.
Since New Jersey has legalized sports betting, the state has brought in $2 billion. Nearly 80% of that has come from online or mobile betting. Nevada has had sports betting since 1949 and mobile apps since 2010. Even the gambling capital of the world has seen more than 50% of its sports betting handle come from its apps. If Las Vegas can’t compete with online betting, nothing can.
No Mobile Means Less Revenue
States like Delaware, which have legal sports betting, but not mobile, have not been seeing the revenue they were expecting.
Then we have Tennessee. State lawmakers completely skipped brick-and-mortar sports books and went straight to mobile. Governor Bill Lee has said he will let the bill become law without his signature and only allows for sports betting through online apps, like FanDuel and DraftKings.
The heart of the debate in New York in regards to legalizing sports betting is mobile betting. New York lawmakers and Governor Andrew Cuomo’s administration have yet to reach a deal on mobile betting. With each passing day, the state is losing millions to neighboring states like New Jersey, and soon Pennsylvania as well.
New York Debate
Experts believe that New York could see a $1 billion sports betting market, but only with mobile sports betting. FanDuel says that nearly 25% of its online bets in New Jersey come from people who live in New York.
“New York could be reaping those same benefits,” says New York State Senator Joseph Addabbo Jr. “It is a shame that our residents who wish to participate and enjoy legal sports betting must jump ship to other states.”
It’s clear that mobile sports betting is the future, and more are realizing it with each passing day. Soon it won’t be enough for states just to legalize sports betting; mobile will become a necessity. States that neglect to allow for mobile betting, like Delaware, will soon be left in the dust.