Washington sports betting takes another key step

Simona Boshkova | Published 29 Jul 2021, 8:35 a.m.

Many things are happening in the USA when it comes to sports betting. For example, we’ve recently reported that DraftKings, one of the most popular sports betting operators, is to launch an NFT Marketplace. It will be a platform where customers can buy and sell digital collectibles called NFTs (non-fungible tokens). 

Among the other notable information is that Wyoming is ready to open sports betting applications and is preparing for a September launch. The state has the potential to generate significant revenue from sports betting.

In the meantime, Washington has finally approved the rules for sports betting in tribal casinos. This means that sportsbook operators and their partnered tribes can start applying for licences.

Details about the sports betting process

Last month, Washington approved sports betting in tribal casinos and 15 proposed amendments. And now, the Washington Gambling Commission (WGC) approved the rules with a 4-0 vote. In addition, the Commission set out protocols that will allow tribes and their affiliate operators to work in the state.

We have the initial details about the sports betting process in Washington. Namely, sports betting will only be allowed in tribal casinos. The same applies to mobile sports betting which will be allowed only inside the state’s tribal casinos. 

Players can place their bets at kiosks inside facilities that are at tribal casinos. But, they won’t be able to bet on in-state college sports. Furthermore, Washington will require in-person registration for new accounts.

Among the first tribes that will be able to apply are Colville, Cowlitz, Jamestown S’Klallam, Kalispel, Lummi, and Muckleshoot. Then, there are the Puyallup, Shoalwater Bay, Snoqualmie, Spokane, Squaxin Island, Stillaguamish, Suquamish, Swinomish, and Tulalip tribes.

If everything goes as planned, Washington might have legal sports betting right before the new NFL season starts in September. Gov. Jay Inslee has signed the compacts in early July, so the Interior Department has enough days to approve the rules on time.

Tennessee saw June sports betting revenue increase

Meanwhile, the US states that already have legal sports betting started to publish their revenue figures for June. One of them is Tennessee, which saw a revenue increase last month.

The Tennessee Education Lottery announced that the mobile handle for June was $174.5 million, which is an 8% increase from May figures. In addition, the gross payout for June was $156.2 million, which is a 7.4% increase from May revenue of about $145 million.

At the moment, the Tennessee sports betting market includes seven sportsbooks - WynnBet, DraftKings Sportsbook, FanDuel Sportsbook, BetMGM, Action 24/7, TwinSpires and William Hill. However, at the last Sports Wagering Advisory Council meeting, it was announced that five new operators have applied for a licence, three of which have already completed the review process.

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