What Is Official Betting?
Official betting is the term for wagers placed at licensed sportsbooks in regulated markets. These bets can be placed in-person at casinos and online through reputable operators. They are available for a wide range of events, including major championships and player awards. Some of the most popular futures bets are on team wins, including the Super Bowl and NBA Finals.
Following the Supreme Court ruling, a number of states have jumped into the sports betting industry. Some have adopted a regulated model while others are taking a more decentralized approach. The latter allows for a mix of licensed and unlicensed sites. Some of these include state lotteries and land-based casinos.
In Nevada, sportsbooks can accept bets in-person and online. The Silver State is a major sports gambling market and ranks in the top-10 for total handle by state. The state’s quick move to legalize and launch sports wagering has made it a strong performer.
Connecticut legalized sports betting in 2021, less than a month after the Supreme Court decision. The state began taking bets in June of that year, and has since grown to become a top-10 handle state. There are some limitations, such as the fact that all betting on in-state collegiate games is prohibited.
Florida has a more complicated situation, as it took bets for just two months in 2021 before the entire operation was halted. A judge ruled that the state’s agreement with the Seminole Tribe was illegal, and the issue has been tied up in federal courts ever since.