Washington passes sports betting initiative

Simona Boshkova | Published 18 Feb 2020, 9:25 a.m.

On February 13, The Washington State House has voted on a bill that will legalise land-based and online sports betting in the state. They passed an initiative that will allow sports betting at tribal casinos. The bill is now set to move forward to the state Senate.

The bill passed in the House by an 83-14 vote and is now on the move to further discussion with the Senate Labour and Commerce Committee. According to House Bill 2638, tribal casinos will be able to renegotiate their agreements with the state in order to add sports betting in their gaming offerings. Furthermore, the bill will allow in-person sports betting at tribal casinos, as well as on-premise mobile betting.

The bill sets aside money for the Gambling Commission

As stated by the House, this bill sets aside money for the Gambling Commission to enable them to enforce rules and regulations in the gambling industry. The bill gives the Gambling Commission a $6 million loan from the state’s general fund. This money should be used for the investigation and implementation of regulations against illegal sports gambling. The bill states that this loan should be repaid by the middle of 2021.

The US Supreme Court gave states the authority to offer sports gambling back in 2018, and now Washington is joining other states by offering legal betting on sports events. According to the legislation, players would be able to bet on any professional sports or athletics event, the Olympic Games, collegiate sports, and any other international competition.

However, not all members of the House supported the immediate passing of the law. There were some of the representatives that were concerned that voters won’t be able to overturn the bill. On the other side, the representatives that supported the bill explained that they see this as a way for the state to earn additional revenue. The bill now is going to the Senate where it must be approved by the Labour and Commerce Committee. Nobody knows how much support the bill will receive in the Senate, so we’ll see how this will work out.

Meanwhile, Colorado might issue seven sports gambling licences this week

Sports betting fans are looking forward to May 1 when Colorado’s sportsbooks can start operating. Colorado has over 30 casinos, and recently signed a deal with FanDuel to launch their mobile sports betting in the state. Colorado’s sports gambling industry offers three types of licences - master, operator, and Internet provider. As it stands now, there are seven companies considered to receive the master licences.

The seven companies include Brass Ass Casino, Dostal Alley, Double Eagle Hotel & Casino, McGill’s Hotel & Casino, Midnight Rose Hotel & Casino, Monarch Casino Resort and Spa and the Saratoga Casino Black Hawk. These are only the first seven companies considered for the master licence. However, given the huge number of casinos in Colorado, it’s expected that more companies will receive a sports gambling master licence in the following period.

According to the information provided by the Colorado Department of Revenue, 28 applications for the master licence were submitted last month. Ten applications were submitted for the operator licence, while 13 applications for Internet provider licence had also been received.

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