Attention will turn to the east this week as the sports betting world awaits the latest revenue figures from New Jersey. The most mature market outside Nevada nearly doubled its month-over-month revenue in September, so October’s report is highly anticipated. October traditionally is a strong month with all four major sports in action.
We continue to monitor the aftermath of last week’s midterm elections as well. Arkansas legalized sports betting and Louisiana approved DFS, and more states could follow soon. We know Rhode Island should be less than two weeks away from launch as well.
As always, keep an eye on the Legal Sports ReportTwitter feed for the latest.
LegalSportsReport covers a variety of topics that intersect with online sports betting. We focus on a few primary areas of coverage, areas that make up the bulk of the content on LSR.
Daily Fantasy Sports
LegalSportsReport began as a site aimed at analyzing the daily fantasy sports industry in the United States, and that remains a focus today. We are especially interested in the legal and legislative conversations surrounding DFS, and also in the underlying economics of the daily fantasy sports industry. Additionally, we cover general industry developments, including product innovations, marketing trends, and related topics.
Regulated / Legal U.S. Sports Betting
Closely connected to the issue of daily fantasy sports is the issue of regulated sports betting in the United States. On May 14, 2018, the US Supreme Court struck down the 1992 law (PASPA) that made sports betting illegal everywhere except Nevada. This means that sports betting is now in the hands of states to regulate and/or prohibit. The topic of legal sports betting is arising in more and more states, developments that we'll be watching closely as they unfold over the coming months.
The Global Sports Betting Market
In many ways, the global sports online betting market, led by operators like bet365, provides a template for the market that is likely to eventually evolve for sports betting in the United States. And many of the companies that dominate the international sports betting market - such as William Hill - are poised to become key players in the US sports betting market should the market become legal and regulated.