Experts Predict Many States Will Do A Mad Dash To Legalize Sports Betting

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Legalized sports betting could become more attractive to states that are struggling financially due to the coronavirus pandemic.

According to new reporting from NBC News, many states that were on the fence about sports betting may be singing a different tune soon. As all 50 states have now reopened some part of their local businesses and stores, the complete financial damage from the shutdowns is not yet known.

Many lawmakers across the country are in precarious positions, as they try to assess losses and plow forward. There are close to 40 million Americans that have now filed for unemployment, and the national food lines, with some people waiting all day for a few bags of food, are not diminishing.

Many states are dealing with huge budget issues, due to commerce being shut down, and no taxes being collected during these periods. Many city and state programs will suffer or have to be shut down.

Every state is now scrambling for creative ways to generate money and hopefully save some of these programs. Sports betting was exploding on a forward trajectory right before the coronavirus caused entire state infrastructures to shut down.

New York Lawmakers Have Made Their Intentions Known

Lawmakers in New York formally made their intentions known this week. Some lawmakers in New York had been locked in a battle with Governor Andrew Cuomo prior to the virus.

He has not been on board to legalize mobile sports betting. Now some sources say he will revisit the issue as well as legalizing recreational marijuana in the Empire State.

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Many leagues were forming partnerships with sports betting providers before and during the pandemic shutdown. The NFL has been put on the record in the past with very vocal opposition to partnering with sports betting providers.

The NFL has lost a truckload of money due to sports shutting down, and cancellations stemming from it. Some sports betting experts told NBC News that they predict that the NFL will have no choice, and they will partner with a sports betting provider, as all leagues are expected to at some point.

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Long lines at food banks and other financial problems aren’t going away anytime soon, so states may turn to sports betting.

Several have already jumped on the sports betting wagon, including the NBA, PGA, NASCAR, and several others. Sports betting analysts told the news outlet that the NFL is currently weighing its options and has been conducting virtual meetings with sports betting bigwigs.

Experts Believe NFL Partnership With Sports Betting Would Be Huge Win

An NFL partnership with a sports betting provider would allow the league to bring in much-needed revenue from a new source. It would also attract more viewership simply because people will want to track their bets, and it keeps players engaged.

There were about 12 states that had legalized sports betting and had launched it before the virus struck in March. It quickly proved to be a huge success, bringing in billions of dollars in a new industry.

Kyle Wooldridge, a sports betting consultant and analyst from Chicago, said sports betting and the NFL will be very good for the league. The league has been plagued with bad press over questionable referee calls.

Having sports betting aligned with the league will force them not to make the kind of mistake that was becoming routine. A source connected to the meetings between the NFL and sports betting companies said that the league will enter into a partnership before the new season starts.

Wooldridge also predicted that red states that had an aversion to legal sports betting will be forced to reexamine their choices after the devastating financial hits they have taken. He predicts by the end of 2021, all of the remaining states will be on board.

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