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Data for today’s episode is provided by Mercator Advisory Group’s Viewpoint: Acquirer Market Spotlight: Sports and E-sports Betting
State Approaches to Legal Sports Betting Vary Widely:
- Since sports betting legislation occurs on a state level, individual states have taken assorted approaches to legalization.
- As of July 2021, sports betting is live and legal in 21 U.S. states plus Washington, D.C.
- Additionally, sports betting is legal but not yet operational in 10 states.
- The remaining states have active or pre-filed legislation, no legislation, or dead legislation around sports betting.
- A key differentiator between state approaches is whether to restrict betting to in-person only, or to allow for both in-person and mobile betting.
- The top six sports betting markets by betting handle all offer legal mobile sports betting.
About Viewpoint
Rapid growth in sports betting is gaining attention not only from investors and regulators but in the world of banking and fintech too. Even though the regulatory environment is friendlier, there are still risks in servicing this nascent industry.