Menu
Coronavirus and Sports

States Could Accelerate Sports Betting Expansion Due To Pandemic

The coronavirus pandemic "could lead to a quicker expansion of sports betting and internet gambling in the U.S. as states deal with huge budget deficits and look for new tax revenue wherever they can find it," according to Wayne Parry of the AP. Chris Krafcik, Managing Dir at research firm Eilers & Krejcik Gaming, said the virus "will accelerate the expansion of sports betting and online casinos in the next 12 to 24 months." With many state budgets "now resembling smoking craters" due to a largely idled economy, even a "small revenue boost is better than none." At present, 18 U.S. states and DC "offer sports betting, and four offer internet gambling, which can include online casino games, slots and poker." Virginia and Tennessee have "approved sports betting but have yet to launch." Krafcik said that Louisiana, Massachusetts and Ohio are "realistic candidates to legalize sports betting this year." Louisiana is "close to approving a November referendum on sports betting, and Ohio's Legislature is moving forward this week with a bill that could authorize sports betting, including mobile betting" (AP, 5/29).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2020/06/01/Coronavirus-and-Sports/Sports-Betting.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2020/06/01/Coronavirus-and-Sports/Sports-Betting.aspx

CLOSE