Sports
betting in the United States has been a sore subject for several years now as
they are still a long way off of seeing mass adoption of online betting in all its
forms. But as more states begin to adopt this for a wide array of different
reasons, could 2020 be the year of change?

The Current Stance On Sports Betting In Florida

Though
there is a vast amount of buzz surrounding the future of gambling in Florida, it
is important to note that there are no current plans to pass a bill in the
state. This comes as a shock to many supporters of this as there has been a
vast amount of opposition from tribes in the area. Without there backing, there
are many wondering whether sports betting in the state of Florida will ever
occur. Though this is highly unpredictable at this stage, the changing opinions
in other states and lack of revenue from the tribes since they ceased
payment, could be enough to see the state pass a law in the near future.  

The Changes Made In Colorado

Though
there was no positive change in the sports betting legalisation in Florida,
there are a number of changes that are being made in Colorado. With legalised
sports betting now available everywhere, this is having a promising impact on
the state. With a 10% tax on all revenue made, several State-funded projects
are set to benefit from this. Additionally, there is also set to be legalised
payments to casinos as a direct result of any revenue that they may lose due to
the growing popularity in online gambling. Though this is only in the early
stages you can check updates on Legalbetting and other bill trackers to see which of the states
will be next in the legalisation process.

The Tribal Casinos In Washington

In
addition to these changes, there are also a number of tribal casinos in
Washington that have recently benefited from the passing of sports betting laws. This is set to bring a huge amount of revenue for the
tribes in the area as well as money being taken in taxes. This will benefit the
tribes in Washington as it allows for them to care for their economies during
the Covid-19 outbreak. With a number of closures of businesses as well as
ongoing disruption to major events that would have generated revenue, this is a
promising time as it can generate revenue in a time where conventional
businesses may have suffered. This is yet another bill that is only in the
beginning stages of implantation but can provide a vast amount of positive
influence on economies.

The Positive Effect On The Gambling Industry

As
America begins to change their opinion on online gambling, this is a promising
time for online poker and several other online titles. This is because it opens
up the possibility of overseas tournaments taking place online. These can see
some of the best gamblers going head to head to win a huge prize pool in
international events.

This
is something that we have seen in recent years with the growing popularity of
e-sports and other online gaming corporations. The most recent adoption of this
is the world poker online series. This just another huge sporting events
highlighting the good that online gambling in all forms can do for not only the
entertainment industry but the local economy of a number of states.

However,
with the ongoing turmoil due to covid-19 and the cancellation of major sporting
events could we see the popularity of e-sports and virtual sports betting
become the new norm. This is not only promising for the expansion of the
industry, but it is perfect timing for advertising as they are doing more to
keep people involved in sport as a whole during this time.

With
this being said, there are a number of industries that are both benefitting and
suffering as a vote of Covid-19, who knows what will happen when the economy
eventually returns back to normal. Will you be taking part in any virtual
sports during your lockdown period?

Related