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Which states have the most online sportsbooks?

State-by-state Sports Betting is becoming legalized across the country and billions of dollars are wagered each month.

With the decision to legalize up to each state, there is variance in the number of Sportsbooks, regulations on online versus in-person betting and differences in the amount of money wagered across states. We compiled data for the number of online sportsbooks in each state and ranked the states accordingly.

Join us as we explore the ranks of each state and the factors driving this captivating new market:

1. Colorado: 26 sportsbooks

Colorado ranks atop this list with 26 sportsbooks where the state’s residents can place their bets. Colorado legalized sports betting in May 2020 and has already had $12.4 billion wagered on sports in the three years.

We should expect to see an increase in bets this year with Sean Payton coming in to coach the Broncos and Deion Sanders leading the way as the new coach of the University of Colorado Boulder football.

2. New Jersey: 19 sportsbooks

New Jersey was the first state outside of Nevada to legalize sports betting. The first mobile sportsbook launched on August 8, 2019, and the Garden State now has 19 online sportsbooks. The most popular in-person sportsbook is a FanDuel lounge at the Meadowlands Racetrack adjacent to MetLife Stadium, about eight miles from New York City.

3. Iowa: 18 sportsbook

Despite Iowa not having a team in the four major professional sports (NFL, NBA, NHL and MLB), the state ranks third for the number of online sportsbooks. Much of Iowa’s sports success comes from the University of Iowa Hawkeyes wrestling program 24 team national titles.

4. Arizona: 17 sportsbooks

When Super Bowl LVII, between the Chiefs and Eagles, took place at State Farm Stadium on February 13, 2023, it was the first time the Super Bowl was played in a state (Arizona) where sports wagering was currently legal.

5. Ohio: 17 sportsbooks

Ohio is one of the most recent states to adopt sports wagering. The state went live in January 2023. January was the largest handle for Buckeye state with $1.1 billion wagered. The gross revenue win rate for January was also at its highest at 18.76%.

Many of those wagers were likely made on the Bengals during their post-season run. The Bengals played all three of their playoff games against the Ravens, Bills and Chiefs in January.

6. Michigan: 15 sportsbooks

Michigan’s total handle for sports bets is $10.8 billion. Nearly all that money comes from wagers made on Michigan sports betting apps at $10 billion (93%). The state has had win rates as high as 19% in December 2020 and as low as 5% in February 2022.

7. Virginia: 15 sportsbooks

Virginia generated nearly $59 million in handle in the first 11 days of accepting wagers. That early rush sustained throughout the year and the state surpassed $3 billion.

Virginia is the second state on this list without a professional sports team. The state initially only allowed sports wagers digitally. Virginia went live with four operators in January 2021. In July 2022, it had 13 operators and its first retail location. The state now sits at 15 online sportsbooks and two in-person.

8. Indiana: 14 sportsbooks

When Indiana first launched in September 2019 it had zero online sportsbooks. By the next month, it had three, and 52% of wagers were made online. That number rose to 100% with seven online sportsbooks in April 2020 during COVID-19.

Now, 95% of wagers are made on mobile/online sportsbooks in Hoosier State.

9. Nevada: 14 sportsbooks

Nevada has 188 brick-and-mortar sportsbooks across the state. However, in the mobile space, the state falls behind others because many online sportsbooks require in-person registration. The reason is larger casinos/hotels host sportsbooks and these resorts want guests to spend money on food and other games when they come to register.

10. Pennsylvania: 14 sportsbooks

It took six months from the launch of the first in-person sportsbook for a mobile sportsbook to launch. Now, Pennsylvania has 14 online sportsbooks and over $22 billion wagered on sports.

The state’s largest month was $797 million in October 2022. This was likely due to the Phillies World Series run at the time.

11. Tennessee: 13 sportsbooks

When Tennessee entered the sports betting space it did so digitally. Bets could only be made online and not in person. Later, the Volunteer State was joined by Virginia and Wyoming who also entered digitally.

12. New York: 9 sportsbooks

From July 2019 to December 2021, New York did not take online wagers. New York is the most populous state where sports betting is legal. The highest single-month handle in New York was $1.8 billion in January 2023.

It is the only state to surpass $1.5 billion in monthly handle.

13. Louisiana: 8 sportsbooks

According to SBC Americas, Louisiana has the largest single-month loss in the post-PASPA era in November 2022 at minus-$27.6 million after Jim “Mattress Mack” McIngvale collected $52 million on the Astros defeating the Phillies in the 2022 World Series. That’s split between Caesars Sportsbook ($30 million), WynnBET ($12 million) and Barstool Sportsbook ($10 million).

14. Massachusetts: 8 sportsbooks

Mobile platforms in Massachusetts were allowed to accept their first bets on March 10, 2023, six days before the start of the NCAA Tournament.

The state prohibits bets on regular-season games involving in-state schools, such as Boston College, Harvard, UMass, Northeastern, and Boston University. Massachusetts bettors can wager on the state’s schools for tournament games.

15. West Virginia: 8 sportsbooks

West Virginia is the third state on this list without a major sports team. The state’s largest monthly handle comes in at $83 million in November 2021.

16. Illinois: 7 sportsbooks

While Illinois is one of the highest-grossing states for sports betting and one of the more populous states, it ranks in the middle of the pack for the number of online sportsbooks.

Illinois became the fourth state post-PASPA to post over a billion dollars monthly handle when it hit $1.03 billion in October 2022.

17. Maryland: 7 sportsbooks

Maryland law allows up to 60 sportsbook licenses in the state. Currently, the state has 10 in-person locations and seven online sportsbooks.

18. Kansas: 6 sportsbooks

Kansas launched both online and in-person sports betting on September 1, 2022. That first month, the state reached its biggest monthly gross revenue to date at $22 million.

19. District of Columbia: 4 sportsbooks

The nation’s capital has a few interesting locations people can bet on sports in-person. William Hill entered with a sportsbook in Capital One Arena. It was the first sportsbook to operate at a sporting venue in the United States. BetMGM followed with a physical location at Nationals Park and FanDuel continued the trend at Audi Field.

20. Wyoming: 4 sportsbooks

Wyoming has the smallest population out of the 50 states but beats eight others for the number of online sportsbooks. That means Wyoming residents can get a handful of first-time deposit bonuses if they sign up on multiple apps.

21. Arkansas: 3 sportsbooks

Arkansas has yet to have a major online sportsbook operating in the state. Betly, Bet Saracen and Oaklawn are the only three online sportsbooks operating in the state.

22. Connecticut: 3 sportsbooks

Before Massachusetts legalized sports betting, some residents would drive to Connecticut to place bets on their Boston teams. As mentioned above, Massachusetts residents will either have to go to Connecticut or up to New Hampshire (the next state on this list) to bet on Massachusetts colleges during the regular season.

23. New Hampshire: 1 sportsbook

DraftKings is the only online sportsbook in New Hampshire because the company signed an exclusivity agreement with the state.

24. Oregon: 1 sportsbook

DraftKings also signed an agreement with Oregon to be the only online sportsbook and it’s also the provider for the Oregon Lottery as of 2022.

25. Rhode Island: 1 sportsbook

Rhode Island also does not have competition within the state. The state lottery is the regulator over online sports wagering. Rhode Island residents may want to make a quick drive to their neighboring states to get better odds and more lines.

26. Montana: 1 sportsbook

Montana has strict rules regarding online sports betting. Bettors can place wagers on their phones, but they must be on-site at a lottery location to do so. With that being said, there is over 1,800 retail lottery location throughout the state.

27. Delaware: 0 sportsbook

Delaware is officially the first state to take a straight bet outside of Nevada on June 5, 2018. Despite the early adoption of sports betting, Delaware has yet to legalize online sportsbook apps.

28. Mississippi: 0 sportsbook

Mississippi has 29 physical locations where people can wager on sports. Still, the state is a fairly untapped market because online sportsbooks are not yet legal.

29. South Dakota: 0 sportsbook

Like the two above, South Dakota only allows sports bets in person. It is also the only state to not reach seven figures in money wagered in a month.

All numbers and data post-PASPA repeal.

Sidelines Group provides PennLive with original sports betting, lottery and casino content including odds, analysis, predictions and reviews to educate bettors. Please bet responsibly.

If you have a gambling problem and are located in Pennsylvania, call 1-800-GAMBLER or contact the 24-hour helpline chat at https://www.pacouncil.com/chatline.

The post Which states have the most online sportsbooks? appeared first on RT News Today.



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