In the state of Indiana, the official betting rules are relatively liberal and allow bettors to wager on almost anything. However, the Indiana Gaming Commission retains veto power over data sources and live betting. This makes sports betting in Indiana a wide-open field. However, there are a few things to watch out for.
The first step to a successful sports betting partnership is finding common ground between the two parties. Although announcements of these partnerships often focus on the technical aspects of the deal, there is more to it than meets the eye. For example, Scott Warfield, vice president of gaming for the PGA Tour, pointed out that even though PGA Tour events make up a small portion of the betting handle in most states, their size will increase in the next five to ten years. As a result, the PGA Tour must be proactive when it comes to sports betting content.
In Montana, there is only one authorized sportsbook provider, Intralot, which powers Sportsbook Montana’s retail and limited online applications. This provider has noncompetitive market pricing and often offers games that list at -110 in other states. In Tennessee, the gambling industry is generally regarded as hostile to sports betting, although it has recently passed legislation that allows four sportsbooks to offer their services online by November 2020.
Arizona became one of the first states to legalize sports betting following the passage of PASPA in 2012. Its official sports betting market was launched on Sept. 9 with seven apps launching on the first day. Two sportsbooks were also opened in Phoenix-area stadiums.