2019 was a huge year for the sports betting industry, and things are only going to get bigger and better in 2020. Several states legalized sports betting in 2019, and many states went live for the very first time.
Other states are set to launch in early 2020, and the numbers have been staggering up to this point. It seemed that every week there was a new huge news story that broke surrounding sports betting, so let’s recap some of the biggest sports betting news stories of the year.
Sports Betting Arrives In The Midwest
It was only a matter of time before the sports betting industry emerged in the Midwest portion of the United States, and it happened very quickly. Several states both legalized and launched sports betting in 2019, but the clear leaders were Indiana and Iowa.
Indiana is known for its love of basketball, but betting on other sports has taken off in the Hoosier State as well. Iowa wasted little time in legalizing mobile sports betting, and several casinos have already gone live.
Huge sports betting companies have lined up to offer online sportsbooks in Iowa, and the Hawkeye State has brought in a ton of revenue already.
Colorado Legalizes Sports Betting With Close Vote
The state of Colorado is known as a progressive state that isn’t afraid to legalize things. Sports betting was at the center of discussion in the state legislature throughout the year, and they decided to leave the vote up to the citizens of the state.
Most experts predicted that sports betting would pass by a wide margin in the state, but that wasn’t the case. Sports betting was legalized by the voters in Colorado, but it was by the slimmest of margins.
New York Sports Betting Falling Flat
The state of New York both legalized and launched sports betting in 2019 after an intense legal battle. New York was hoping to take away revenue from neighboring New Jersey, but that just hasn’t been the case to date.
There are only a few casinos that are authorized to offer sports betting in New York, and the state has not gone live with mobile or online betting. New York has fallen well short on projected sports betting revenue, and this has to be one of the most disappointing sports betting stories of the year.
New Jersey Emerges As Sports Betting Leader
The state of Nevada, including the city of Las Vegas, is known as the sports betting capital of the world, but that is quickly changing. New Jersey has emerged as a real threat to Las Vegas, and it has even had bigger sports betting numbers in a few months in 2019.
It is hard to keep track of all of the sportsbooks and online sportsbooks that are up and running in New Jersey as the list seems to grow each week. DraftKings and FanDuel are both major players in the state of New Jersey, but other global sportsbooks have launched in the state as well.