1 00:00:01,040 --> 00:00:05,520 Speaker 1: This is the Action Network Podcast All the Way, and 2 00:00:05,680 --> 00:00:06,360 Speaker 1: it is good. 3 00:00:12,960 --> 00:00:16,959 Speaker 2: Welcome into the Action Network podcast, where today we give 4 00:00:17,000 --> 00:00:22,160 Speaker 2: you an update on the sports betting legalization landscape across 5 00:00:22,200 --> 00:00:26,200 Speaker 2: the United States. The Sports Betting Legalization Update Action Network 6 00:00:26,239 --> 00:00:28,520 Speaker 2: Podcast your host today, Brendan glas Sheen. 7 00:00:28,960 --> 00:00:30,720 Speaker 1: Be sure to check us out on the pod. 8 00:00:30,800 --> 00:00:33,879 Speaker 2: Later this week, we have Masters Best Bets, also a 9 00:00:34,040 --> 00:00:39,040 Speaker 2: UFC two seventy three betting preview. Since the Professional and 10 00:00:39,080 --> 00:00:43,479 Speaker 2: Amateur Sports Protection Act was repealed in twenty eighteen, American 11 00:00:43,479 --> 00:00:48,400 Speaker 2: sports betters have enjoyed a wave of sports betting legalization nationwide, 12 00:00:48,479 --> 00:00:51,640 Speaker 2: and many states have legalized sports gambling in some form 13 00:00:51,720 --> 00:00:53,920 Speaker 2: or fashion. Now you may live in a state with 14 00:00:54,400 --> 00:00:58,319 Speaker 2: online sports betting or in person wagering, or perhaps you're 15 00:00:58,360 --> 00:01:01,440 Speaker 2: still waiting on legalization to advance in your state. 16 00:01:01,480 --> 00:01:03,840 Speaker 1: But to fill you in on where. 17 00:01:03,520 --> 00:01:07,119 Speaker 2: All fifty states currently stand, we do have an Action 18 00:01:07,200 --> 00:01:10,240 Speaker 2: Network expert to take us quickly through it all. So 19 00:01:10,319 --> 00:01:12,000 Speaker 2: if you want to get out your map and you 20 00:01:12,080 --> 00:01:14,200 Speaker 2: want to check off each state as we go, there's 21 00:01:14,240 --> 00:01:18,880 Speaker 2: a very strong possibility we end up mentioning all fifty states. 22 00:01:19,120 --> 00:01:22,080 Speaker 2: It's my opportunity now to welcome in Action Network legal 23 00:01:22,160 --> 00:01:26,240 Speaker 2: sports betting reporter Sam McQuillan, who came to us recently 24 00:01:27,000 --> 00:01:30,600 Speaker 2: from Bloomberg. Sam, great to have you joining us. It 25 00:01:30,680 --> 00:01:32,399 Speaker 2: is a fun time of year. I think to get 26 00:01:32,440 --> 00:01:35,399 Speaker 2: an update on this because this calendar, this part of 27 00:01:35,400 --> 00:01:39,280 Speaker 2: the calendar on the sports calendar, with March Madness just 28 00:01:39,319 --> 00:01:44,240 Speaker 2: coming to an end, Major League Baseball Opening Day playoff 29 00:01:44,319 --> 00:01:46,720 Speaker 2: race is heating up in the NBA and the NHL. 30 00:01:47,160 --> 00:01:49,480 Speaker 2: It is a really fun time of year. Thanks for 31 00:01:49,520 --> 00:01:52,240 Speaker 2: coming on. I guess the best way to start is 32 00:01:52,360 --> 00:01:56,560 Speaker 2: just your general outlook on where we stand on things 33 00:01:56,600 --> 00:01:57,800 Speaker 2: with legal sports betting. 34 00:01:58,400 --> 00:01:59,960 Speaker 3: First of all, thanks so much for having me on. 35 00:02:00,640 --> 00:02:03,320 Speaker 3: I'm really excited to talk about every state, some in 36 00:02:03,400 --> 00:02:06,480 Speaker 3: high depth detail, mostly places that have already legalized, and 37 00:02:06,560 --> 00:02:09,320 Speaker 3: you know, other places where it's close maybe they could 38 00:02:09,320 --> 00:02:12,280 Speaker 3: get sports betting. So it's definite an exciting time not 39 00:02:12,320 --> 00:02:15,560 Speaker 3: only in the sports calendar, but also in the legislative calendar. 40 00:02:15,600 --> 00:02:18,359 Speaker 3: For all these general assemblies in these states which are 41 00:02:18,560 --> 00:02:21,079 Speaker 3: sort of some of the up against the wall, I'm 42 00:02:21,080 --> 00:02:23,600 Speaker 3: trying to figure out if they will or won't pass 43 00:02:23,600 --> 00:02:24,800 Speaker 3: sports betting in their session. 44 00:02:25,160 --> 00:02:27,600 Speaker 2: So we'll go through a variety of topics and like 45 00:02:27,840 --> 00:02:31,919 Speaker 2: Sam just mentioned. We will probably touch on states that 46 00:02:32,040 --> 00:02:35,160 Speaker 2: do have legalization at the moment and how that is going. 47 00:02:35,520 --> 00:02:41,120 Speaker 2: We'll also get to the pre launch stage for certain states, 48 00:02:41,160 --> 00:02:43,400 Speaker 2: like where they may stand in how a pre launch 49 00:02:43,440 --> 00:02:46,880 Speaker 2: situation looks if a state is indeed set to legalize 50 00:02:46,880 --> 00:02:50,960 Speaker 2: sports betting, what that process is like, the legislative stage, 51 00:02:51,360 --> 00:02:55,240 Speaker 2: and then we can also discuss the in person only 52 00:02:55,400 --> 00:02:56,359 Speaker 2: perspectives as well. 53 00:02:56,360 --> 00:02:57,320 Speaker 1: But we want to start. 54 00:02:57,520 --> 00:03:01,279 Speaker 2: We're going to start with the fully online landscape. Online 55 00:03:01,680 --> 00:03:06,200 Speaker 2: and in person betting is available, also fully offline, where 56 00:03:06,240 --> 00:03:08,720 Speaker 2: we are still trying to figure out where the progress 57 00:03:08,800 --> 00:03:11,040 Speaker 2: is at with getting legal sports. 58 00:03:10,680 --> 00:03:12,520 Speaker 1: Betting fully offline. 59 00:03:12,560 --> 00:03:15,799 Speaker 2: So in which states we'll start naming off states here 60 00:03:15,840 --> 00:03:18,960 Speaker 2: as we go through this discussion on the Action Network podcast, So, Sam, 61 00:03:19,639 --> 00:03:24,200 Speaker 2: in which states are gamblers currently enjoying online sports betting. 62 00:03:24,600 --> 00:03:26,720 Speaker 3: It's a huge term from last year and two years 63 00:03:26,720 --> 00:03:29,519 Speaker 3: ago and going back to when PASPA was repealed. We 64 00:03:29,600 --> 00:03:33,480 Speaker 3: now have twenty states where online sports betting is legal, 65 00:03:34,160 --> 00:03:36,920 Speaker 3: most of them retail as well except for one as 66 00:03:36,920 --> 00:03:40,120 Speaker 3: well as Washington, DC. So we've got Nevada obviously the 67 00:03:40,120 --> 00:03:44,240 Speaker 3: first one to ever do sports betting. New Jersey Pennsylvania, 68 00:03:44,520 --> 00:03:55,839 Speaker 3: New York, Illinois, Michigan, Virginia, Colorado, Indiana, West Virginia, Rhode Island, Iowa, Arizona, Oregon, Connecticut, 69 00:03:56,280 --> 00:04:03,560 Speaker 3: New Hampshire, Louisiana that it's parish by parish in the Lousiana, Tennessee, Wyoming, Arkansas, 70 00:04:03,720 --> 00:04:08,119 Speaker 3: and Washington, d C. Where sports betting is fully online. 71 00:04:08,720 --> 00:04:11,720 Speaker 2: How about the states that are not making much progress, 72 00:04:11,720 --> 00:04:13,200 Speaker 2: that are fully offline right now. 73 00:04:13,640 --> 00:04:16,040 Speaker 3: Yeah, if you live in any of these states, you're 74 00:04:16,080 --> 00:04:18,680 Speaker 3: probably not going to see sports betting this year, next year. 75 00:04:18,800 --> 00:04:22,120 Speaker 3: Some maybe not at all. The biggest is Utah, historically 76 00:04:22,160 --> 00:04:24,160 Speaker 3: opposed to gambling in any forums. I don't even think 77 00:04:24,160 --> 00:04:27,440 Speaker 3: they have like scratch off lotteries there, so probably never 78 00:04:27,480 --> 00:04:30,080 Speaker 3: ever going to get sports betting in Utah. Idaho as well, 79 00:04:30,200 --> 00:04:33,080 Speaker 3: you can put in there. Texas has been very resistant. 80 00:04:33,440 --> 00:04:35,200 Speaker 3: They've tried a couple of bills in the past, but 81 00:04:35,240 --> 00:04:39,560 Speaker 3: they've all failed and not really progressed much. Alaska, South Carolina, 82 00:04:39,920 --> 00:04:43,200 Speaker 3: Hawaii are all in there as well, and some news 83 00:04:43,200 --> 00:04:46,120 Speaker 3: out of Georgia today they'll be joining that list. After 84 00:04:46,680 --> 00:04:48,680 Speaker 3: some bills this session failed, it looks like they won't 85 00:04:48,680 --> 00:04:52,080 Speaker 3: get it done anytime soon. Wisconsin there's been really no 86 00:04:52,200 --> 00:04:54,680 Speaker 3: bills considered by any of the legislators. They're not going 87 00:04:54,760 --> 00:04:58,280 Speaker 3: to go online anytime soon. But good news is earlier 88 00:04:58,279 --> 00:05:01,320 Speaker 3: this year, the governor reached agreement with one of the 89 00:05:01,320 --> 00:05:05,400 Speaker 3: state's tribes. Wisconsin's one of those states again where you 90 00:05:05,440 --> 00:05:09,159 Speaker 3: need tribal approval to really change anything in your gaming law, 91 00:05:09,279 --> 00:05:13,400 Speaker 3: including sports betting, But the governors agreed with one tribe 92 00:05:13,440 --> 00:05:16,840 Speaker 3: to update their gaming compact where they can begin offering 93 00:05:16,920 --> 00:05:19,480 Speaker 3: retail sports betting by the end of the year. I 94 00:05:19,520 --> 00:05:22,000 Speaker 3: think the tribe has stated they want to open their book. 95 00:05:22,240 --> 00:05:24,560 Speaker 3: Good news for those who live in Milwaukee. There's a 96 00:05:24,600 --> 00:05:27,400 Speaker 3: downtown casino over there, which would serve a lot of 97 00:05:27,400 --> 00:05:30,279 Speaker 3: the state's residents. Wisconsin against similar to those states like 98 00:05:30,640 --> 00:05:34,080 Speaker 3: Maine and Massachusetts where you need sort of tribal approval 99 00:05:34,880 --> 00:05:38,880 Speaker 3: to update anything in your gaming bills. You know, Maine 100 00:05:38,920 --> 00:05:41,239 Speaker 3: and Massachusetts are kind of running into that line where 101 00:05:41,520 --> 00:05:43,600 Speaker 3: how much control do we want to give to them, which, 102 00:05:44,200 --> 00:05:48,560 Speaker 3: unfortunately in those states could ultimately derail ultimate passage. But yeah, 103 00:05:48,560 --> 00:05:51,400 Speaker 3: that's where we stand. At least in Wisconsin. There's been movement. 104 00:05:51,920 --> 00:05:55,279 Speaker 2: There is a glimmer of hope with Texas, right possibly 105 00:05:55,720 --> 00:05:58,000 Speaker 2: next calendar year twenty twenty three. 106 00:05:58,360 --> 00:05:59,919 Speaker 3: Yeah, you could call it a glimmer of hope, but 107 00:06:00,000 --> 00:06:02,560 Speaker 3: I've also been hearing that the past couple of years, like, 108 00:06:02,640 --> 00:06:04,880 Speaker 3: oh yeah, maybe, well, you know, we got close towards 109 00:06:04,880 --> 00:06:06,800 Speaker 3: it this year, closer than we did last year. Maybe 110 00:06:06,839 --> 00:06:09,840 Speaker 3: next year. I'm not as bullish on Texas as most people. 111 00:06:10,160 --> 00:06:12,640 Speaker 3: I think eventually they'll get it done. But the fact 112 00:06:12,680 --> 00:06:15,720 Speaker 3: that the legislature has been considering bills steadily for the 113 00:06:15,760 --> 00:06:18,480 Speaker 3: past couple of years and which have sort of been 114 00:06:18,480 --> 00:06:20,520 Speaker 3: moving forward a little bit, it's a good sign. But 115 00:06:20,720 --> 00:06:22,760 Speaker 3: they'll probably take it back up again next year, but 116 00:06:22,839 --> 00:06:25,279 Speaker 3: it could run into some of the same issues which 117 00:06:25,320 --> 00:06:27,680 Speaker 3: prevented it from passing this year, So I wouldn't hold 118 00:06:27,680 --> 00:06:28,840 Speaker 3: my breath on Texas. 119 00:06:29,080 --> 00:06:32,440 Speaker 2: With that all being said, we mentioned off the top 120 00:06:32,520 --> 00:06:35,360 Speaker 2: there are many states now at this stage that are 121 00:06:35,560 --> 00:06:38,960 Speaker 2: enjoying sports betting from a legal standpoint, And then we're 122 00:06:38,960 --> 00:06:40,640 Speaker 2: not going to spend too much time here on this 123 00:06:40,680 --> 00:06:44,599 Speaker 2: episode discussing the likes of Utah or Idaho, And like 124 00:06:44,600 --> 00:06:46,679 Speaker 2: we just talked about, we gave Texas a minute there, 125 00:06:46,880 --> 00:06:49,680 Speaker 2: so let's let's move on to now that leaves a 126 00:06:49,680 --> 00:06:52,479 Speaker 2: pool of states that are sort of in that in 127 00:06:52,640 --> 00:06:57,800 Speaker 2: between fifty to fifty range to get legal sports betting 128 00:06:57,960 --> 00:07:02,600 Speaker 2: in their state. So moving on on, what states can 129 00:07:02,640 --> 00:07:08,159 Speaker 2: we identify sam that are moving towards in personally where 130 00:07:08,160 --> 00:07:11,679 Speaker 2: betting can be permitted at brick and motor locations only. 131 00:07:12,680 --> 00:07:15,160 Speaker 3: So there's a few states where betting is already legal 132 00:07:15,240 --> 00:07:18,880 Speaker 3: but it's not legal online yet. The most interesting is 133 00:07:18,880 --> 00:07:22,720 Speaker 3: probably Maryland, where voters actually legalize sports betting at the 134 00:07:22,720 --> 00:07:25,960 Speaker 3: same time they did in Colorado and Louisiana in twenty twenty. 135 00:07:26,320 --> 00:07:28,840 Speaker 3: Both those states have gone up fully with retail and 136 00:07:28,960 --> 00:07:32,760 Speaker 3: online sports betting operations. There's sort of a period after 137 00:07:33,360 --> 00:07:36,160 Speaker 3: something gets legalized, you know, via a ballot referendum where 138 00:07:36,160 --> 00:07:39,440 Speaker 3: the voters pick they say they want sports betting. Sometimes 139 00:07:39,440 --> 00:07:42,080 Speaker 3: it requires legislatures to go back and say, okay, well 140 00:07:42,160 --> 00:07:44,080 Speaker 3: now we have to pass ability to see exactly how 141 00:07:44,120 --> 00:07:45,440 Speaker 3: this whole thing is going to work. You know, who's 142 00:07:45,480 --> 00:07:47,720 Speaker 3: going to regulate it, what's the tax rate? You know, 143 00:07:47,760 --> 00:07:51,160 Speaker 3: when does it start? So Colorado and Louisiana were really 144 00:07:51,160 --> 00:07:54,280 Speaker 3: good at that, they finished all that. Maryland they've launched retail, 145 00:07:54,440 --> 00:07:58,280 Speaker 3: but they've really lagged on the online betting portion. You know, 146 00:07:58,520 --> 00:08:00,920 Speaker 3: they've been saying for the past year and a half, 147 00:08:01,000 --> 00:08:02,960 Speaker 3: we're you know, we're working on it. We're working on it. 148 00:08:03,280 --> 00:08:07,400 Speaker 3: That they're hopeful for an online launch by NFL season. 149 00:08:07,400 --> 00:08:09,720 Speaker 3: I'm not sure how realistic that is, given the fact that, 150 00:08:09,840 --> 00:08:12,800 Speaker 3: you know, not much progress has been made. Maryland, I'd 151 00:08:12,800 --> 00:08:15,720 Speaker 3: probably say, you know, expect online, you know, mid to 152 00:08:15,760 --> 00:08:19,120 Speaker 3: late football season, you know, possibly early twenty twenty three 153 00:08:19,160 --> 00:08:21,640 Speaker 3: is when you'll have all the DraftKings and fan duels 154 00:08:21,680 --> 00:08:24,760 Speaker 3: and the rest of those apps go live there. Ohio 155 00:08:25,080 --> 00:08:28,280 Speaker 3: is interesting too, because you know, they've launched retail. They're 156 00:08:28,320 --> 00:08:30,480 Speaker 3: also you know, in that period where they have to 157 00:08:30,480 --> 00:08:32,360 Speaker 3: approve all the online stuff. They've made a lot more 158 00:08:32,400 --> 00:08:35,440 Speaker 3: progress than Maryland in a much shorter time. There's a 159 00:08:35,440 --> 00:08:37,760 Speaker 3: clause in their law which says online sports betting has 160 00:08:37,800 --> 00:08:40,439 Speaker 3: to go live by twenty twenty three. I think it's 161 00:08:40,520 --> 00:08:43,520 Speaker 3: January first of that month, so the first day, which 162 00:08:43,559 --> 00:08:45,560 Speaker 3: is interesting because you don't really see that in every 163 00:08:45,559 --> 00:08:48,199 Speaker 3: other state law, Like in Maryland, for example, they've sort 164 00:08:48,240 --> 00:08:50,600 Speaker 3: of said, we're going to give the regulators time to 165 00:08:50,679 --> 00:08:53,280 Speaker 3: figure things out, But in Ohio, looks like things are 166 00:08:53,320 --> 00:08:55,880 Speaker 3: moving along and we will get that launched by twenty 167 00:08:55,880 --> 00:08:58,240 Speaker 3: twenty three, maybe a little earlier. And then the other 168 00:08:58,280 --> 00:09:01,120 Speaker 3: is Nebraska, where they have retail sports betting but they 169 00:09:01,160 --> 00:09:04,720 Speaker 3: don't have online yet, not much progress made there. A 170 00:09:04,720 --> 00:09:09,280 Speaker 3: few states, North Carolina, South Dakota are also in person 171 00:09:09,440 --> 00:09:12,160 Speaker 3: Mississippi as well. North Carolina could take up a bill 172 00:09:12,760 --> 00:09:16,000 Speaker 3: in a few months when the legislature starts to expand online, 173 00:09:16,040 --> 00:09:18,920 Speaker 3: but that wouldn't come for at least a year, maybe 174 00:09:18,960 --> 00:09:22,200 Speaker 3: two years. And then South Dakota during their session which 175 00:09:22,320 --> 00:09:26,400 Speaker 3: I think just ended, they considered a bill to expand 176 00:09:26,440 --> 00:09:31,000 Speaker 3: retail beyond just Deadwood Casinos, which is a historic gambling 177 00:09:31,040 --> 00:09:34,400 Speaker 3: place in South Dakota, to expand it to online, but 178 00:09:34,480 --> 00:09:37,320 Speaker 3: that bill failed, so probably won't see any online sports 179 00:09:37,320 --> 00:09:39,920 Speaker 3: betting in South Dakota for a while. So, Yeah, a 180 00:09:39,960 --> 00:09:43,240 Speaker 3: bunch of those states you know have retail, are about 181 00:09:43,280 --> 00:09:46,160 Speaker 3: to launch online, and some are just sticking with retail 182 00:09:46,200 --> 00:09:46,520 Speaker 3: for now. 183 00:09:47,320 --> 00:09:49,959 Speaker 2: Big Mike count there is about just about twenty percent 184 00:09:50,240 --> 00:09:55,719 Speaker 2: of our country has in person but possibly some as 185 00:09:55,760 --> 00:09:59,400 Speaker 2: you rattled off, or on the verge of going fully 186 00:09:59,440 --> 00:10:03,280 Speaker 2: online as well as having in person legal sports betting 187 00:10:03,280 --> 00:10:03,800 Speaker 2: in their state. 188 00:10:06,520 --> 00:10:09,640 Speaker 3: Yeah, it's it's a lot of progress. Like I said before, 189 00:10:09,800 --> 00:10:12,240 Speaker 3: since last year and even the year before, where it's 190 00:10:12,520 --> 00:10:15,119 Speaker 3: the majority of the country is really moving close towards legalizing. 191 00:10:15,880 --> 00:10:18,120 Speaker 1: So here's here's here's where we get to the good stuff, folks. 192 00:10:18,120 --> 00:10:20,280 Speaker 2: And again we run the Action Network podcast, we're getting 193 00:10:20,320 --> 00:10:25,040 Speaker 2: a sports betting a legal sports betting update from Sam McQuillan. 194 00:10:25,160 --> 00:10:28,120 Speaker 2: He is our newest member to the Action Network, our 195 00:10:28,160 --> 00:10:31,280 Speaker 2: Action Network legal sports betting reporter. He came over from Bloomberg. 196 00:10:31,320 --> 00:10:33,000 Speaker 2: He does a great job for us, so follow his 197 00:10:33,040 --> 00:10:35,400 Speaker 2: work over on the Action Network. He's giving us an update, 198 00:10:35,600 --> 00:10:37,560 Speaker 2: and like I said, we're probably gonna mention every state, 199 00:10:37,679 --> 00:10:40,760 Speaker 2: So you know, stay very close to your mobile device 200 00:10:40,880 --> 00:10:43,880 Speaker 2: or wherever you get our podcast on the Action Network 201 00:10:43,880 --> 00:10:45,920 Speaker 2: podcast and listen closely because now we get to the 202 00:10:45,920 --> 00:10:48,559 Speaker 2: good stuff where we're trying to identify which states are 203 00:10:48,559 --> 00:10:53,960 Speaker 2: moving closer to the pre launch phase in legal sports betting. 204 00:10:54,200 --> 00:10:58,520 Speaker 2: The state might have it legalized, but they have to 205 00:10:58,920 --> 00:11:01,720 Speaker 2: still go through through some hoops, right Sam, to get 206 00:11:02,000 --> 00:11:04,800 Speaker 2: in person and then likely after in person, you get 207 00:11:04,840 --> 00:11:05,720 Speaker 2: the fully online. 208 00:11:05,760 --> 00:11:07,840 Speaker 1: So talk to us about that a little bit. 209 00:11:08,200 --> 00:11:11,319 Speaker 3: There's a bunch of them currently weighing bills. It's really 210 00:11:11,320 --> 00:11:12,880 Speaker 3: an interesting time of year you said before in the 211 00:11:12,920 --> 00:11:16,520 Speaker 3: sports calendar, but it's also really interesting for lawmakers as well. 212 00:11:17,080 --> 00:11:21,360 Speaker 3: Most states they have their legislative sessions and either this 213 00:11:21,440 --> 00:11:24,560 Speaker 3: month next month. There's about like seven, which seven to 214 00:11:24,640 --> 00:11:27,840 Speaker 3: nine which are getting really close to, you know, finally 215 00:11:27,880 --> 00:11:30,280 Speaker 3: passing a bill and making it so sports betting will 216 00:11:30,320 --> 00:11:33,160 Speaker 3: be legal. There's like three regions which are really interesting 217 00:11:33,160 --> 00:11:35,280 Speaker 3: to look at right now. There's the Midwest, which seems 218 00:11:35,320 --> 00:11:38,120 Speaker 3: to be moving the quickest out of the three. They've 219 00:11:38,120 --> 00:11:41,240 Speaker 3: got sessions that end, you know, some in a few days, 220 00:11:41,600 --> 00:11:43,920 Speaker 3: some at the end of next month. And then there's 221 00:11:44,040 --> 00:11:47,920 Speaker 3: the Northeast, where it seems like there's some traction on 222 00:11:48,000 --> 00:11:51,240 Speaker 3: some bills and something's getting caught up. And then there 223 00:11:51,400 --> 00:11:55,480 Speaker 3: is the South as well, the Southeast, namely Georgia and Alabama, 224 00:11:55,559 --> 00:11:57,640 Speaker 3: where it looks like they got a little closer than 225 00:11:57,679 --> 00:12:00,160 Speaker 3: they did in previous sessions, but it looks like they 226 00:12:00,160 --> 00:12:02,760 Speaker 3: probably won't get any deals done. So the states that 227 00:12:02,800 --> 00:12:06,319 Speaker 3: are closest right now, I'd probably say Kansas is the 228 00:12:06,960 --> 00:12:10,480 Speaker 3: surest bet to be the next state to legalize. The 229 00:12:10,520 --> 00:12:14,480 Speaker 3: Senate just passed a or the House rather just passed 230 00:12:14,480 --> 00:12:19,240 Speaker 3: a bill that would legalize sports betting, and they had 231 00:12:19,240 --> 00:12:21,400 Speaker 3: the clear sort of this hurdle where the House and 232 00:12:21,440 --> 00:12:25,120 Speaker 3: Senate came together because they had two competing versions where 233 00:12:25,120 --> 00:12:27,560 Speaker 3: they wanted to agree on what's the tax rate going 234 00:12:27,600 --> 00:12:30,680 Speaker 3: to be. Are we going to allow sports books to 235 00:12:30,679 --> 00:12:34,640 Speaker 3: write off promotional bets from their taxes. There was some 236 00:12:34,679 --> 00:12:39,160 Speaker 3: disagreement on whether they would allow betting on dog racing, 237 00:12:39,160 --> 00:12:41,520 Speaker 3: which ultimately looks like it's not going to be included 238 00:12:41,920 --> 00:12:45,880 Speaker 3: no online lottery tickets. But the Senate now has to 239 00:12:46,000 --> 00:12:49,239 Speaker 3: come back. They're in sort of this period where lawmakers 240 00:12:49,240 --> 00:12:51,720 Speaker 3: adjourned for a while then come back for a session 241 00:12:51,720 --> 00:12:54,080 Speaker 3: where they can override veto votes from the governor, but 242 00:12:54,080 --> 00:12:57,320 Speaker 3: they can also put in like the last step to 243 00:12:57,440 --> 00:13:00,000 Speaker 3: legalize a bill. So the Senate now after the House 244 00:13:00,160 --> 00:13:03,040 Speaker 3: has passed it last week, looks like it's it's poised 245 00:13:03,080 --> 00:13:09,199 Speaker 3: to pass sports betting, which is interesting because you hear 246 00:13:09,240 --> 00:13:12,520 Speaker 3: a lot through the process lawmakers are saying, we want 247 00:13:12,520 --> 00:13:14,240 Speaker 3: to be the first state to do this this session. 248 00:13:14,360 --> 00:13:17,080 Speaker 3: It's a big priority for them, which runs it up 249 00:13:17,080 --> 00:13:19,840 Speaker 3: against another state, their border state, Missouri, where the Senate 250 00:13:19,880 --> 00:13:22,360 Speaker 3: there has also passed the bill a few weeks ago 251 00:13:22,480 --> 00:13:25,920 Speaker 3: that would allow online and retail sports betting through the 252 00:13:25,960 --> 00:13:29,320 Speaker 3: casinos and pro sports teams, and it's been it's been 253 00:13:29,400 --> 00:13:31,840 Speaker 3: really funny to hear sort of lawmakers go back and 254 00:13:31,880 --> 00:13:35,040 Speaker 3: forth during their own sessions saying, we want to beat 255 00:13:35,080 --> 00:13:37,400 Speaker 3: Kansas or we want to beat Missouri. We want to 256 00:13:37,440 --> 00:13:40,680 Speaker 3: be the first to legalize this. Both states. It looks 257 00:13:40,720 --> 00:13:42,920 Speaker 3: like they're going to legalize with a lower tax rate, 258 00:13:42,960 --> 00:13:46,040 Speaker 3: which is good for the sports books. One could say 259 00:13:46,040 --> 00:13:48,720 Speaker 3: that's good for the betters because less of the tax 260 00:13:48,720 --> 00:13:51,800 Speaker 3: will be passed down. So Kansas and Missouri looks like 261 00:13:51,800 --> 00:13:55,680 Speaker 3: they're the next up sort of to pass sports betting. 262 00:13:55,960 --> 00:13:57,800 Speaker 3: Then you go into the rest of the Midwest, where 263 00:13:57,800 --> 00:14:01,040 Speaker 3: you've got Kentucky, where the House has passed a bill, 264 00:14:01,679 --> 00:14:06,760 Speaker 3: it also needs a final vote from the Senate. Kentucky's interesting. 265 00:14:06,760 --> 00:14:08,360 Speaker 3: It looks sort of like a long shot when the 266 00:14:08,400 --> 00:14:11,760 Speaker 3: bill was first introduced this session, but now there's a 267 00:14:11,800 --> 00:14:13,760 Speaker 3: lot more hope. The Senate has promised to take it 268 00:14:13,880 --> 00:14:17,960 Speaker 3: up before they end things or end their session on 269 00:14:18,880 --> 00:14:22,240 Speaker 3: April fifteenth, So that's one more step. In each of 270 00:14:22,240 --> 00:14:24,920 Speaker 3: those states, they just need their senates to you know, 271 00:14:25,000 --> 00:14:29,320 Speaker 3: pass a bill and it could go forward. Kentucky some 272 00:14:29,440 --> 00:14:33,239 Speaker 3: lawmakers we're talking about it's the single most important bipartisan 273 00:14:33,280 --> 00:14:37,040 Speaker 3: issue that they've got feedback from their constituents. This overwhelming 274 00:14:37,080 --> 00:14:40,720 Speaker 3: number of lawmakers saying, yeah, you know, we get emails 275 00:14:40,720 --> 00:14:42,600 Speaker 3: every day about issues on bills, and this is the 276 00:14:42,600 --> 00:14:45,560 Speaker 3: one we get a ton of emails about, which is 277 00:14:45,680 --> 00:14:49,480 Speaker 3: pretty interesting. Yeah, it's pretty interesting because there's so many 278 00:14:49,480 --> 00:14:51,720 Speaker 3: other issues in the world right now, right and in 279 00:14:51,760 --> 00:14:54,280 Speaker 3: the States in general, especially in the Midwest, but it 280 00:14:54,280 --> 00:14:56,640 Speaker 3: seems like everyone is an agreement. Just I'm sure our 281 00:14:56,640 --> 00:14:58,680 Speaker 3: listeners can agree, like when can I get sports betting? 282 00:14:58,800 --> 00:15:01,480 Speaker 3: Just putting pressure on their law made. So that's been 283 00:15:01,840 --> 00:15:03,800 Speaker 3: a cool thing to see sort of in Kentucky where 284 00:15:03,800 --> 00:15:06,360 Speaker 3: it's the people pushing the lawmakers, which I guess their 285 00:15:06,440 --> 00:15:09,720 Speaker 3: job is sort of they have to work for the constituents, 286 00:15:10,240 --> 00:15:14,200 Speaker 3: so they're close as well. Minnesota is also getting a 287 00:15:14,240 --> 00:15:18,920 Speaker 3: lot closer. The bill there has sort of it's gone 288 00:15:18,920 --> 00:15:21,920 Speaker 3: through about like five committees, which is the most I've 289 00:15:21,920 --> 00:15:24,440 Speaker 3: ever seen that a bill has to go through. But 290 00:15:24,560 --> 00:15:26,640 Speaker 3: it's a good sign that it's moving through all those committees. 291 00:15:26,960 --> 00:15:30,560 Speaker 3: Their session ends in may. Really interesting situation there is 292 00:15:30,640 --> 00:15:35,480 Speaker 3: in the past the tribes weren't on board, and you know, 293 00:15:35,520 --> 00:15:39,000 Speaker 3: a lot of states have tribal Native American tribes have 294 00:15:39,720 --> 00:15:42,800 Speaker 3: sort of jurisdiction over most forms of betting and gaming, 295 00:15:42,880 --> 00:15:45,000 Speaker 3: so they have to update their kind of compact with 296 00:15:45,080 --> 00:15:49,280 Speaker 3: the tribes. And in Minnesota, the tribes are finally on 297 00:15:49,360 --> 00:15:51,720 Speaker 3: board because this bill would give them one hundred percent 298 00:15:51,760 --> 00:15:55,360 Speaker 3: control of sports betting online and retail. So that could 299 00:15:55,360 --> 00:15:57,920 Speaker 3: be the thing that finally gets it forward. But the 300 00:15:57,960 --> 00:16:01,120 Speaker 3: interesting thing is that now lawmaking are sort of looking 301 00:16:01,120 --> 00:16:03,520 Speaker 3: at the proposal and saying, do we want to give 302 00:16:03,520 --> 00:16:06,520 Speaker 3: them one hundred percent control? There's a charitable gaming community 303 00:16:06,880 --> 00:16:09,200 Speaker 3: in Minnesota which gets taxed at a much higher rate 304 00:16:09,280 --> 00:16:12,600 Speaker 3: than the tribes, and so there's been some concern do 305 00:16:12,640 --> 00:16:15,000 Speaker 3: we want to lower their tax rate in this bill 306 00:16:15,160 --> 00:16:19,320 Speaker 3: for their regular gaming activities? That could possibly hold it up. 307 00:16:19,320 --> 00:16:21,640 Speaker 3: But it's kind of ironic. The thing that finally gets 308 00:16:21,640 --> 00:16:25,720 Speaker 3: this bill, you know, moving towards a final passage, is 309 00:16:26,160 --> 00:16:29,520 Speaker 3: the same thing that is now giving lawmakers pause. Do 310 00:16:29,560 --> 00:16:31,960 Speaker 3: we want to give them a monopoly on gaming? Which 311 00:16:32,000 --> 00:16:35,000 Speaker 3: is something we really see the control of battle right, 312 00:16:35,040 --> 00:16:38,240 Speaker 3: We really see that in states who do we want 313 00:16:38,280 --> 00:16:40,240 Speaker 3: to give control to this? Some states do the lottery. 314 00:16:40,320 --> 00:16:42,400 Speaker 3: Some states do the tribes, some states do a mixture 315 00:16:42,400 --> 00:16:44,680 Speaker 3: of both. And there's a lot of dollars at stake here, 316 00:16:44,760 --> 00:16:47,920 Speaker 3: so everyone, you know, can get really concerned about who 317 00:16:47,960 --> 00:16:49,560 Speaker 3: are ultimately given that control to. 318 00:16:50,800 --> 00:16:52,960 Speaker 2: Yeah, looking up and down at some of these states, 319 00:16:52,960 --> 00:16:56,120 Speaker 2: they're in the legislative stage, it is pretty fascinating, like 320 00:16:56,160 --> 00:17:00,760 Speaker 2: you said, to figure out how each state has certain 321 00:17:00,760 --> 00:17:03,000 Speaker 2: loopholes to jump through. And there are, like you said, 322 00:17:03,200 --> 00:17:06,800 Speaker 2: like the time on the calendar. Some states have by 323 00:17:07,119 --> 00:17:09,600 Speaker 2: a date mid April, some have a date mid May 324 00:17:09,640 --> 00:17:11,560 Speaker 2: where they have to have some sort of passes all 325 00:17:11,560 --> 00:17:14,480 Speaker 2: over the place. Yeah, and like reading on you brought 326 00:17:14,560 --> 00:17:18,080 Speaker 2: up Kansas. There's the Kansas casinos are in support of 327 00:17:18,480 --> 00:17:21,919 Speaker 2: sports betting, but they're also not in support of the tax. 328 00:17:22,080 --> 00:17:23,959 Speaker 2: So there's just that little thing that needs to be 329 00:17:23,960 --> 00:17:27,600 Speaker 2: tweaked when it comes to the government decision. As well 330 00:17:27,640 --> 00:17:30,920 Speaker 2: as the folks that are presenting the sports betting bill, 331 00:17:31,680 --> 00:17:34,440 Speaker 2: you have a situation like you mentioned in Kentucky where 332 00:17:34,440 --> 00:17:37,760 Speaker 2: there's just very like minute things that have to be 333 00:17:37,920 --> 00:17:42,640 Speaker 2: checked off before they take the next steps. Once again, 334 00:17:42,640 --> 00:17:45,400 Speaker 2: we've got Sam McQuillan joining us on the Action Network podcast. 335 00:17:45,480 --> 00:17:48,480 Speaker 2: He is our newest legal sports betting reporter at the 336 00:17:48,520 --> 00:17:52,040 Speaker 2: Action Network giving us an update on the legalization of 337 00:17:52,080 --> 00:17:53,880 Speaker 2: sports betting across the country. 338 00:17:54,080 --> 00:17:56,000 Speaker 1: So your state will likely be mentioned. 339 00:17:56,040 --> 00:17:59,720 Speaker 2: So we go through those states, and by the way, 340 00:17:59,720 --> 00:18:02,320 Speaker 2: I'm all so referencing. Dara Ravel has a nice write 341 00:18:02,359 --> 00:18:05,280 Speaker 2: up on the Action Network website actionnetwork dot com that 342 00:18:05,880 --> 00:18:10,360 Speaker 2: is monitoring projections for each state and where we might 343 00:18:10,400 --> 00:18:12,200 Speaker 2: and it's very it's very similar to what Sam is 344 00:18:12,240 --> 00:18:13,680 Speaker 2: mentioning here on the episode. 345 00:18:13,720 --> 00:18:16,040 Speaker 1: But let's go to to like more. 346 00:18:15,880 --> 00:18:19,080 Speaker 2: Specific as if we haven't been specific enough during this. 347 00:18:19,680 --> 00:18:22,200 Speaker 3: Yeah, I can always get more specific with you, man, So. 348 00:18:22,280 --> 00:18:25,520 Speaker 2: Like explain, explain to our listeners and to me because 349 00:18:25,680 --> 00:18:28,960 Speaker 2: I'm interested too. So like Tennessee for example, right, Like 350 00:18:29,000 --> 00:18:33,040 Speaker 2: Tennessee is a state that has full legal online betting, 351 00:18:33,080 --> 00:18:36,239 Speaker 2: but they don't have in person So why can they 352 00:18:36,240 --> 00:18:36,959 Speaker 2: get away with that? 353 00:18:37,000 --> 00:18:40,080 Speaker 3: In that case in Tennessee, they weren't as far along 354 00:18:40,119 --> 00:18:42,360 Speaker 3: as the other states with having other forms of gambling 355 00:18:42,400 --> 00:18:44,879 Speaker 3: where they could just you know, legalize sports betting, slap 356 00:18:44,880 --> 00:18:47,119 Speaker 3: a sticker on it and say, okay, now this Gaming 357 00:18:47,119 --> 00:18:51,800 Speaker 3: Commission that has been doing lottery and you know, casino regulation, 358 00:18:51,960 --> 00:18:54,040 Speaker 3: they can now just jump over and do sports betting. 359 00:18:54,040 --> 00:18:56,280 Speaker 3: They had to create a whole commission for that, so 360 00:18:56,320 --> 00:18:58,919 Speaker 3: it was a lot easier for them. Honestly, I have 361 00:18:58,960 --> 00:19:01,400 Speaker 3: to tip my hat hat to the Instead of just saying, okay, 362 00:19:01,400 --> 00:19:03,760 Speaker 3: we're going to launch retail and do retail only first 363 00:19:03,760 --> 00:19:06,439 Speaker 3: see how that goes, which is what some states have done, 364 00:19:06,720 --> 00:19:08,480 Speaker 3: they said, okay, we're going to go online. That's where 365 00:19:08,480 --> 00:19:10,760 Speaker 3: the money is at. You know, eighty six percent of 366 00:19:11,160 --> 00:19:15,160 Speaker 3: the bets people placed legally in jurisdictions where retail and 367 00:19:15,359 --> 00:19:18,600 Speaker 3: online options are available come from online, so that's where 368 00:19:18,600 --> 00:19:21,080 Speaker 3: all the money is coming from. They were smart to see, 369 00:19:21,560 --> 00:19:23,080 Speaker 3: so they said, you know, screw it, We'll go ahead, 370 00:19:23,080 --> 00:19:25,120 Speaker 3: We'll do online, and it's worked really well for them. 371 00:19:25,359 --> 00:19:29,240 Speaker 3: They're out pacing Virginia, which does retail and online. I 372 00:19:29,240 --> 00:19:32,400 Speaker 3: think the argument that's sort of legalizing online and giving 373 00:19:32,400 --> 00:19:34,760 Speaker 3: people the option to bet from their phones will prevent 374 00:19:34,800 --> 00:19:37,560 Speaker 3: people from traveling to casinos and placing bets in person 375 00:19:37,840 --> 00:19:40,200 Speaker 3: has kind of been defeated at this point. You see, 376 00:19:40,200 --> 00:19:42,159 Speaker 3: they're just people are going to bet no matter what. 377 00:19:42,240 --> 00:19:44,560 Speaker 3: You give them. More options, betting will go up. So 378 00:19:44,800 --> 00:19:47,439 Speaker 3: in Tennessee, they went with a better option and they're 379 00:19:47,800 --> 00:19:49,800 Speaker 3: they're getting the good fruits from it. It's been good 380 00:19:49,840 --> 00:19:50,840 Speaker 3: there in Tennessee. 381 00:19:51,160 --> 00:19:53,760 Speaker 2: Tennessee the only state that makes the operators return to 382 00:19:53,840 --> 00:19:57,439 Speaker 2: ten percent hold. It took about eighteen months roughly to launch, 383 00:19:57,520 --> 00:20:00,880 Speaker 2: and like Sam mentioned, we've had some some success. 384 00:20:01,240 --> 00:20:03,520 Speaker 3: Yeah, in eighteen months seems like a long time. It 385 00:20:03,600 --> 00:20:05,320 Speaker 3: is a long time, but it's not as long as 386 00:20:05,359 --> 00:20:08,560 Speaker 3: what's going on in Maryland where they already they first 387 00:20:08,640 --> 00:20:11,040 Speaker 3: they had to do retail and now they're doing online. 388 00:20:11,119 --> 00:20:13,240 Speaker 3: So again, you got to tip your hat to them. 389 00:20:13,320 --> 00:20:15,120 Speaker 3: If you're going to take a long time, you might 390 00:20:15,119 --> 00:20:17,480 Speaker 3: as well get it right and get online up and running. 391 00:20:17,920 --> 00:20:20,280 Speaker 1: I'm sure folks, especially folks. 392 00:20:19,960 --> 00:20:23,439 Speaker 2: That are in states that don't have legal sports betting, 393 00:20:23,920 --> 00:20:26,359 Speaker 2: they want to know. And we've kind of discussed that 394 00:20:26,520 --> 00:20:28,760 Speaker 2: based on what we've talked about so far. 395 00:20:29,200 --> 00:20:32,120 Speaker 1: We want to know what's working, what is it working, Okay, 396 00:20:32,280 --> 00:20:33,679 Speaker 1: like in states that have it. 397 00:20:33,760 --> 00:20:35,560 Speaker 2: So if I'm someone who lives in a state that 398 00:20:35,600 --> 00:20:38,159 Speaker 2: doesn't have it, I'm in Massachusetts, so I can relate. 399 00:20:38,280 --> 00:20:40,440 Speaker 2: So I go, Okay, well, how are those folks doing? 400 00:20:40,480 --> 00:20:44,960 Speaker 2: So where is sports betting best serving states? And where 401 00:20:45,000 --> 00:20:47,840 Speaker 2: is it best serving the better the sport's better from 402 00:20:47,880 --> 00:20:48,920 Speaker 2: a revenue perspective. 403 00:20:49,840 --> 00:20:53,600 Speaker 3: Yeah, that's a great question, you know, to that point 404 00:20:53,640 --> 00:20:56,199 Speaker 3: and to your point on Massachusetts. Massachusetts is one of 405 00:20:56,200 --> 00:20:59,040 Speaker 3: those states where they need the tribes to fully get 406 00:20:59,080 --> 00:21:01,320 Speaker 3: on board before they do anything. They have to update 407 00:21:01,359 --> 00:21:03,639 Speaker 3: their gaming compact, and that's been one of the main roadblocks. 408 00:21:03,680 --> 00:21:06,440 Speaker 3: There been one of the main roadblocks in other states. 409 00:21:06,520 --> 00:21:09,720 Speaker 3: I think in Massachusetts right now they're considering legalizing, but 410 00:21:09,920 --> 00:21:12,920 Speaker 3: the governor wants to pass a more limited version of 411 00:21:13,000 --> 00:21:17,320 Speaker 3: tribal gaming rights expansions as opposed to what the legislature 412 00:21:17,359 --> 00:21:19,560 Speaker 3: is considering, so that could derail the whole thing. That's 413 00:21:19,600 --> 00:21:22,120 Speaker 3: you know, that's one big thing is the what your 414 00:21:22,480 --> 00:21:26,359 Speaker 3: constitution says, what your laws say. We saw that in 415 00:21:26,400 --> 00:21:29,400 Speaker 3: Florida they had to update their gaming compact in order, 416 00:21:29,880 --> 00:21:33,439 Speaker 3: which takes negotiation between the tribes, which are you know, 417 00:21:33,520 --> 00:21:35,720 Speaker 3: under federal regulation in the state. So it makes it 418 00:21:35,760 --> 00:21:39,159 Speaker 3: even more complicated. And Florida they ended up changing the 419 00:21:39,160 --> 00:21:41,760 Speaker 3: compact and everything, and now it's it's struck down and 420 00:21:41,880 --> 00:21:44,080 Speaker 3: by a court it alleged that they can't give them 421 00:21:44,119 --> 00:21:46,960 Speaker 3: monopoly to this one tribe. So it's very complicated state 422 00:21:47,000 --> 00:21:49,480 Speaker 3: to state the states where it's working really well are 423 00:21:49,560 --> 00:21:51,320 Speaker 3: some of the ones that pass it early. You know, 424 00:21:51,440 --> 00:21:54,480 Speaker 3: very early on New Jersey, Pennsylvania, they're sort of middle 425 00:21:54,520 --> 00:21:57,160 Speaker 3: of the road tax rates. Early on, people were saying, oh, 426 00:21:57,160 --> 00:21:59,400 Speaker 3: maybe that'll you know, be passed down to the customer 427 00:21:59,440 --> 00:22:03,040 Speaker 3: prevent people betting. But you're seeing you're just seeing great, 428 00:22:03,359 --> 00:22:05,520 Speaker 3: you know, returns in those states. So those arguments have 429 00:22:06,119 --> 00:22:09,159 Speaker 3: sort of been defeated from that standpoint. But with respect 430 00:22:09,160 --> 00:22:11,520 Speaker 3: to what's working well, it's not working well. You know 431 00:22:11,600 --> 00:22:15,440 Speaker 3: some states where they passed monopolies. I'll talk about d 432 00:22:15,560 --> 00:22:18,600 Speaker 3: C since that's where I'm in right now. The lottery 433 00:22:18,600 --> 00:22:21,640 Speaker 3: has one hundred percent control on sports betting and DC 434 00:22:22,280 --> 00:22:25,159 Speaker 3: which they contracted with this one mobile app which has 435 00:22:25,200 --> 00:22:29,120 Speaker 3: been really really bad. It's very buggy. It went down 436 00:22:29,200 --> 00:22:32,320 Speaker 3: during the Super Bowl. You know, people complain about not 437 00:22:32,359 --> 00:22:34,639 Speaker 3: being able to withdraw fast enough, not being able to 438 00:22:35,119 --> 00:22:38,440 Speaker 3: deposit fast enough. You see some jurisdictions like DC, where 439 00:22:38,480 --> 00:22:41,040 Speaker 3: there's those monopolies and there's only one provider in town. 440 00:22:41,359 --> 00:22:43,639 Speaker 3: It's not the best experience for the sports better because 441 00:22:43,880 --> 00:22:45,760 Speaker 3: they don't have anywhere else to go and shop for 442 00:22:45,840 --> 00:22:48,119 Speaker 3: better lines. You know, DC's app is most of the 443 00:22:48,119 --> 00:22:51,480 Speaker 3: lines are minus one fifteen, minus one twenty on both 444 00:22:51,520 --> 00:22:54,119 Speaker 3: sides of a bet, which scratches your head. It's like, 445 00:22:54,160 --> 00:22:56,639 Speaker 3: if it's not good odds on both sides, what am 446 00:22:56,640 --> 00:22:58,600 Speaker 3: I going to take? And where else can I go? 447 00:22:58,680 --> 00:23:01,359 Speaker 3: There's a few more in person options in DC, but 448 00:23:01,600 --> 00:23:04,359 Speaker 3: if you're betting online, you want that convenience of being 449 00:23:04,400 --> 00:23:05,560 Speaker 3: able to shop around. 450 00:23:06,200 --> 00:23:07,280 Speaker 1: Who is doing it right? 451 00:23:07,920 --> 00:23:09,840 Speaker 3: The jurisdictions I'd say that are doing it best, or 452 00:23:09,880 --> 00:23:11,520 Speaker 3: like New York, where you have a ton of operators 453 00:23:11,520 --> 00:23:15,000 Speaker 3: coming in, people competing for the online market there. Now, 454 00:23:15,040 --> 00:23:17,680 Speaker 3: New York is a little bit of a special circumstance 455 00:23:17,760 --> 00:23:20,760 Speaker 3: because they have this really high tax on sports betting. 456 00:23:20,760 --> 00:23:23,320 Speaker 3: It pretty much takes half of the half of the 457 00:23:23,359 --> 00:23:26,959 Speaker 3: revenue that the books get, which a lot of states 458 00:23:27,000 --> 00:23:29,760 Speaker 3: are hesitant to pass because that could deter you know, 459 00:23:29,840 --> 00:23:32,480 Speaker 3: multiple operators from coming in New York. That's not the 460 00:23:32,520 --> 00:23:34,359 Speaker 3: case because New York is New York. It has a 461 00:23:34,440 --> 00:23:37,399 Speaker 3: huge market. But what you're seeing there is now just 462 00:23:37,480 --> 00:23:40,560 Speaker 3: all these promotions, people using all these you know, just 463 00:23:40,720 --> 00:23:43,200 Speaker 3: betting a ton and there's sort of that question of 464 00:23:43,240 --> 00:23:46,080 Speaker 3: how much of that is actually money people are wagering 465 00:23:46,640 --> 00:23:48,919 Speaker 3: for and how sustainable is it long term if the 466 00:23:48,960 --> 00:23:52,160 Speaker 3: promotions aren't going to last. But definitely states where it's 467 00:23:52,200 --> 00:23:55,000 Speaker 3: it's competitive, there's a lot of operators where the tax 468 00:23:55,040 --> 00:23:57,240 Speaker 3: rate is relatively low, which makes New York sort of 469 00:23:57,280 --> 00:23:59,760 Speaker 3: an outlier. I would say those are probably the jurisdictions 470 00:23:59,760 --> 00:24:03,920 Speaker 3: where it's it's working the best. So you'd love to 471 00:24:03,920 --> 00:24:06,919 Speaker 3: see more states sort of copy those models as opposed 472 00:24:06,960 --> 00:24:09,880 Speaker 3: to going to sort of this monopoly where you give 473 00:24:09,960 --> 00:24:13,679 Speaker 3: one online sports book the keys to the keys to 474 00:24:13,680 --> 00:24:16,320 Speaker 3: the whole operation and it results in worse lines for 475 00:24:16,400 --> 00:24:19,040 Speaker 3: betters and issues with the apps. 476 00:24:19,800 --> 00:24:23,520 Speaker 2: And generally speaking, what states are are cleaning up, like 477 00:24:23,520 --> 00:24:27,560 Speaker 2: what states are doing well like revenue standpoint with their 478 00:24:27,600 --> 00:24:28,720 Speaker 2: their legal sports betting. 479 00:24:29,440 --> 00:24:33,280 Speaker 3: Yeah, New Jersey's cleaning up, Pennsylvania's cleaning up, Illinois cleaning up, 480 00:24:33,680 --> 00:24:38,520 Speaker 3: Michigan's doing great, Colorado is doing okay. You see some 481 00:24:38,600 --> 00:24:41,560 Speaker 3: jurisdictions where there's a ton of a ton being bet 482 00:24:41,600 --> 00:24:46,040 Speaker 3: but that's not exactly translating to the great revenue for 483 00:24:46,080 --> 00:24:49,400 Speaker 3: the state. You can look at places like Colorado, Virginia 484 00:24:49,440 --> 00:24:53,600 Speaker 3: for that, Michigan. Those are places where ached into the law, 485 00:24:53,640 --> 00:24:57,399 Speaker 3: there's sort of this provision which lets sports books deduct 486 00:24:57,440 --> 00:25:00,960 Speaker 3: one hundred percent of their revenue that's tied to promotional bets. 487 00:25:01,280 --> 00:25:04,680 Speaker 3: So that's like you know bet, you know place get 488 00:25:05,200 --> 00:25:07,959 Speaker 3: a free deposit up to three thousand dollars with your 489 00:25:07,960 --> 00:25:10,359 Speaker 3: first match or whatever, like we saw in Caesars with 490 00:25:10,440 --> 00:25:13,679 Speaker 3: New York. New York, interestingly enough, is not one of 491 00:25:13,680 --> 00:25:17,840 Speaker 3: those places where sportsbooks can deduct all the all that money. 492 00:25:17,920 --> 00:25:21,560 Speaker 3: That's that could change soon. It's being talked about in 493 00:25:21,600 --> 00:25:24,720 Speaker 3: budget negotiations right now. But yeah, you see some states 494 00:25:24,760 --> 00:25:27,760 Speaker 3: where that's really affecting the actual revenue they're getting, where 495 00:25:27,840 --> 00:25:30,760 Speaker 3: lawmakers are going back to the table they're saying, wait, 496 00:25:30,920 --> 00:25:32,760 Speaker 3: we had all this bet and we beat out all 497 00:25:32,760 --> 00:25:35,639 Speaker 3: these states in terms of handle, but yet we're making 498 00:25:35,720 --> 00:25:38,240 Speaker 3: less money than our neighbor. What's going on here? So 499 00:25:38,359 --> 00:25:41,520 Speaker 3: in Virginia, they considered a bill that would sunset that 500 00:25:41,680 --> 00:25:45,479 Speaker 3: sort of perk for operators where they can deduct it 501 00:25:45,800 --> 00:25:48,359 Speaker 3: after a few years, where maybe those promotions won't be 502 00:25:48,400 --> 00:25:50,879 Speaker 3: coming in as heavy operators come in. They try to 503 00:25:50,920 --> 00:25:52,600 Speaker 3: sell them as, hey, we need this, we need to 504 00:25:52,600 --> 00:25:55,679 Speaker 3: give as many promotions as possible, and this helps us 505 00:25:55,720 --> 00:25:58,920 Speaker 3: do that. Colorado, they're examining it once again, maybe we 506 00:25:58,960 --> 00:26:01,320 Speaker 3: should sunset this rid of this promo long term to 507 00:26:01,760 --> 00:26:03,440 Speaker 3: sort of make our money work better for us in 508 00:26:03,480 --> 00:26:04,200 Speaker 3: the long term. 509 00:26:05,480 --> 00:26:07,400 Speaker 1: Okay, very nice, good stuff. 510 00:26:07,680 --> 00:26:11,080 Speaker 2: Once again, we've got Sam McQuillan joining us our newest 511 00:26:11,160 --> 00:26:13,440 Speaker 2: action network legal sports Betting reporter. 512 00:26:14,119 --> 00:26:17,000 Speaker 1: Get you out on this. What is your and you've 513 00:26:17,080 --> 00:26:17,960 Speaker 1: kind of hinted at. 514 00:26:17,880 --> 00:26:21,280 Speaker 2: This through some of the discussions on each state, but 515 00:26:21,359 --> 00:26:25,040 Speaker 2: your overall point of view on legalization if you were 516 00:26:25,080 --> 00:26:28,520 Speaker 2: a state legislator in an offline state. We've rattled some 517 00:26:28,600 --> 00:26:32,720 Speaker 2: off what are some examples some information that you could 518 00:26:32,720 --> 00:26:35,800 Speaker 2: point to to build a case for a certain state 519 00:26:35,840 --> 00:26:38,320 Speaker 2: that does not have legal sports betting, to make a 520 00:26:38,359 --> 00:26:40,120 Speaker 2: case to legalize and get it there. 521 00:26:40,920 --> 00:26:43,920 Speaker 3: Well, the best argument you hear is defeating the online 522 00:26:44,200 --> 00:26:48,480 Speaker 3: the black market, the online black market where you have 523 00:26:48,560 --> 00:26:51,320 Speaker 3: all these you know, sports books that are like it's 524 00:26:51,320 --> 00:26:55,120 Speaker 3: like bet dot com or whatever. People people can bet 525 00:26:55,160 --> 00:26:58,040 Speaker 3: on them. They're illegally, illegally, they're not getting taxed, So 526 00:26:58,080 --> 00:27:01,280 Speaker 3: that the best, you know, the best argument there is, Hey, 527 00:27:01,280 --> 00:27:04,560 Speaker 3: it's already going on, you know, people are betting, we 528 00:27:04,640 --> 00:27:07,080 Speaker 3: might as well get tax money from it. That can 529 00:27:07,160 --> 00:27:09,119 Speaker 3: run into sort of the argument where you know, we 530 00:27:09,359 --> 00:27:11,640 Speaker 3: just because things are legal doesn't mean we should legalize them. 531 00:27:11,680 --> 00:27:14,280 Speaker 3: But then you can look to, well, other states are 532 00:27:14,280 --> 00:27:17,960 Speaker 3: already doing this. Our neighbors, a lot of places like Massachusetts, 533 00:27:18,000 --> 00:27:20,320 Speaker 3: for example, a ton of people go over. I think 534 00:27:20,320 --> 00:27:23,120 Speaker 3: it was twenty three percent of that's made in New 535 00:27:23,160 --> 00:27:28,399 Speaker 3: Hampshire during the Super Bowl came from Massachusetts according to 536 00:27:28,440 --> 00:27:31,800 Speaker 3: one report. So that's a great argument too, is hey, 537 00:27:31,880 --> 00:27:33,800 Speaker 3: you know, we're people are people want to do it, 538 00:27:33,840 --> 00:27:35,760 Speaker 3: they're going over to other states to do it, we 539 00:27:35,840 --> 00:27:39,400 Speaker 3: might as well legalize it. You always run into the argument, well, 540 00:27:39,440 --> 00:27:41,639 Speaker 3: we don't want to legalize something where you know, we 541 00:27:41,680 --> 00:27:44,800 Speaker 3: could create more problems from people giving people more access 542 00:27:45,560 --> 00:27:47,280 Speaker 3: to gambling, which at the end of the day is 543 00:27:47,280 --> 00:27:49,119 Speaker 3: and it can be an addictive thing that affects a 544 00:27:49,119 --> 00:27:51,720 Speaker 3: lot of people. But the counter argument to that is 545 00:27:53,359 --> 00:27:55,240 Speaker 3: those people were likely already doing it on the black 546 00:27:55,240 --> 00:27:57,199 Speaker 3: market or in other states to begin with. Now we 547 00:27:57,200 --> 00:27:59,720 Speaker 3: can actually pass a bill which directs revenue from the 548 00:27:59,760 --> 00:28:04,520 Speaker 3: act activity to some of these problem gambling addiction treatment things, 549 00:28:04,520 --> 00:28:07,080 Speaker 3: so we can actually start addressing this issue instead of 550 00:28:07,280 --> 00:28:11,439 Speaker 3: sort of pretending like it doesn't exist. The argument that 551 00:28:11,600 --> 00:28:14,199 Speaker 3: is sort of not really the best one, but you 552 00:28:14,240 --> 00:28:16,600 Speaker 3: still see lawmakers sort of tout out there is we're 553 00:28:16,600 --> 00:28:18,359 Speaker 3: going to bring a ton of revenue into our state. 554 00:28:18,840 --> 00:28:20,879 Speaker 3: At the end of the day, sports betting it brings 555 00:28:20,880 --> 00:28:22,960 Speaker 3: in a lot of tax revenue for a state, but 556 00:28:23,080 --> 00:28:25,479 Speaker 3: compared to their overall budget and other things they get 557 00:28:25,520 --> 00:28:28,520 Speaker 3: revenue from, it's really a drop in the bucket. Like, 558 00:28:29,320 --> 00:28:32,440 Speaker 3: you know, one hundred million dollars, two hundred million dollars, 559 00:28:32,560 --> 00:28:35,240 Speaker 3: even six hundred million, that's not really that much for 560 00:28:35,359 --> 00:28:39,840 Speaker 3: a state's a state legislator, their budget. So it's good 561 00:28:39,840 --> 00:28:41,560 Speaker 3: to get more revenue in, but that shouldn't be the 562 00:28:41,560 --> 00:28:43,800 Speaker 3: main reason where you're saying, you know, this is going 563 00:28:43,880 --> 00:28:45,840 Speaker 3: to save our economy or something like that. 564 00:28:47,040 --> 00:28:50,240 Speaker 2: So that's where we stand in twenty twenty two as 565 00:28:50,280 --> 00:28:54,000 Speaker 2: it pertains to the legal sports betting landscape. Stand before 566 00:28:54,000 --> 00:28:58,000 Speaker 2: we close, what can you where can people find you? Like, 567 00:28:58,040 --> 00:28:59,880 Speaker 2: what's the latest you have coming for us on the 568 00:29:00,040 --> 00:29:02,920 Speaker 2: action network that can keep folks, especially folks that are 569 00:29:03,480 --> 00:29:06,320 Speaker 2: just dying to know if their state is getting any 570 00:29:06,520 --> 00:29:09,480 Speaker 2: closer to legalization. What can you tease for us that 571 00:29:09,520 --> 00:29:11,160 Speaker 2: you might have coming up for us in terms of 572 00:29:11,200 --> 00:29:11,680 Speaker 2: your reporting. 573 00:29:12,280 --> 00:29:15,480 Speaker 3: Yeah, so I'm right I'm really you know, been working 574 00:29:15,520 --> 00:29:17,440 Speaker 3: hard with all these states that are working hard to 575 00:29:17,480 --> 00:29:20,040 Speaker 3: pass stuff, to provide up to the minute stuff on 576 00:29:20,120 --> 00:29:22,680 Speaker 3: the latest developments. You can find that at the actionnetwork 577 00:29:22,720 --> 00:29:27,360 Speaker 3: dot com under you know, legal legal News, Latest online 578 00:29:27,400 --> 00:29:29,880 Speaker 3: legal News. You can also find me on Twitter at 579 00:29:30,040 --> 00:29:34,120 Speaker 3: Sam underscore mcquill. That's s A M underscore m c 580 00:29:34,800 --> 00:29:39,120 Speaker 3: q U I l L. I'm often tweeting about, you know, 581 00:29:39,240 --> 00:29:41,800 Speaker 3: small little developments. You know, this lawmaker said this, so 582 00:29:41,840 --> 00:29:44,840 Speaker 3: that gives us a better hope of passing by this date. 583 00:29:45,680 --> 00:29:47,520 Speaker 3: So yeah, if you want to keep up with any 584 00:29:47,520 --> 00:29:49,920 Speaker 3: of my stuff there, that would be great. Interact with 585 00:29:49,960 --> 00:29:51,720 Speaker 3: me tweeted and me ask me questions so I have 586 00:29:51,840 --> 00:29:54,120 Speaker 3: to research and figure out stuff on my own. It'll 587 00:29:54,120 --> 00:29:56,880 Speaker 3: really help my reporting. A few articles on the works 588 00:29:56,920 --> 00:30:00,400 Speaker 3: this week, you know, one coming out comparing the situation 589 00:30:00,480 --> 00:30:02,840 Speaker 3: in Missouri to Kansas. How those lawmakers are kind of 590 00:30:02,880 --> 00:30:04,800 Speaker 3: which I've talked about before, pushing each other to do 591 00:30:04,840 --> 00:30:07,920 Speaker 3: it first, which is really interesting. So yeah, all my 592 00:30:08,000 --> 00:30:09,600 Speaker 3: work on the Action network dot com and find me 593 00:30:09,640 --> 00:30:10,120 Speaker 3: on Twitter. 594 00:30:10,600 --> 00:30:14,000 Speaker 2: Very brave of you to invite that to your platform, 595 00:30:14,080 --> 00:30:17,200 Speaker 2: but that's okay. But just remember everybody, Sam McQuillan, Action 596 00:30:17,280 --> 00:30:20,600 Speaker 2: Network Legal sports betting reporter is most of the time 597 00:30:21,040 --> 00:30:21,920 Speaker 2: I'm speaking for him. 598 00:30:21,920 --> 00:30:22,400 Speaker 1: For a second. 599 00:30:22,400 --> 00:30:24,520 Speaker 2: He's the messenger here. Okay, he's not making the call. 600 00:30:24,560 --> 00:30:25,280 Speaker 2: He's the messenger. 601 00:30:25,280 --> 00:30:25,920 Speaker 3: He's reporting. 602 00:30:26,280 --> 00:30:28,120 Speaker 1: Sam, great stuff. Thanks for coming on today. 603 00:30:28,480 --> 00:30:30,120 Speaker 3: Yeah, thanks for having me. Had a great time. 604 00:30:30,280 --> 00:30:32,400 Speaker 2: Be sure to join us later this week on the 605 00:30:32,400 --> 00:30:36,640 Speaker 2: Action Network Podcast. We have Masters Best Bets ahead of Thursday, 606 00:30:36,680 --> 00:30:39,520 Speaker 2: and then also coming to you at the end of 607 00:30:39,560 --> 00:30:39,920 Speaker 2: the week. 608 00:30:40,000 --> 00:30:41,400 Speaker 1: Before the weekend, we. 609 00:30:41,400 --> 00:30:46,000 Speaker 2: Have a UFC two seventy three betting preview all coming 610 00:30:46,080 --> 00:30:49,000 Speaker 2: up on the Action Network Podcast. Thanks for tuning into 611 00:30:49,040 --> 00:30:53,080 Speaker 2: the sports betting legalization update for Sam McQuillan, your host today, 612 00:30:53,120 --> 00:30:55,920 Speaker 2: Brendan Lashen, Thanks for tuning in and we hope to 613 00:30:55,960 --> 00:30:58,680 Speaker 2: get another update from Sam and company very soon and 614 00:30:58,720 --> 00:31:05,480 Speaker 2: we'll join you next time on the Action Network Podcast.