Sports Betting and the Dark Web
SB84 is a state law that would legalize ufabetsports betting in Kansas, with an expected start date in 2023. The bill would not allow Native tribes to participate, but it will allow sportsbooks to operate within the state. While the law is unclear about who will be able to legally run sports betting operations in Kansas, it does allow a state-run casino to offer online sports betting.
A recent Kansas law will allow the state to regulate sports betting. The legislation, SB84, will allow wagers on sports on brick-and-mortar casinos and in Kansas racetracks. It will impose a 10 percent tax rate on sports-betting revenue and allocate the money to the state’s Attracting Professional Sports Fund. While the bill seems to be a step in the right direction, there are some major concerns about its future.
The bill is opposed by many lawmakers, who argue that offshore sportsbooks are not regulated by the government and are therefore not subject to federal taxes. The lawmakers also say the offshore sportsbooks don’t protect personal information and don’t offer a guarantee of winning any sports bets. Further, unregulated offshore sportsbooks are not regulated by state or federal financial rules, making it difficult for U.S. residents to protect their financial information or ensure that underage bettors are not playing on illegal sportsbooks.
While SB 84 was repeatedly revised, the consensus on the law’s application to sports betting in California has yet to be reached. As a result, online sportsbooks offer various models for placing bets on various home-based and international sports leagues. However, it is important to note that the bill’s initial version only allows sports betting on sports leagues in California and Nevada.
SB84 was approved by the Kansas Senate in a 21-13 vote. However, the bill did not pass the House in the same year. House Bill 2740, which was passed by the legislature in a 26-12 vote, replaced SB84.
Kansas’ new legal sports betting market to begin in 2023
Online sports betting in Kansas could launch in 2023, and mobile betting is in the works as well. Until now, the state has prohibited sports betting. However, Governor Laura Kelly recently gave her blessing to a bill allowing sports betting in the state. The law allows for a 10 percent tax on all bets, and 80% of the revenue will go to the state’s Department of Commerce. The money will then be used to attract pro sports teams to the state.
If Kansas has legal sports betting, there is a good chance that a variety of companies will launch their sports betting operations. Major companies such as BetMGM, Caesars, and FanDuel are expected to enter the market. Other companies include DraftKings and FOX Bet. Barstool Sportsbook is also expected to join the fray. Licensed sportsbooks will likely be able to offer odds on niche sports. For instance, there will be odds on professional cornhole games, bowling tournaments, and ultimate disc leagues. In terms of sports, Kansas is best known for its Jayhawks, who have won four national championships and reached the Final Four 16 times. In fact, the Jayhawks currently hold the NCAA record for the most consecutive NCAA Tournament appearances. Kansas sports betting will allow bettors to place bets on Kansas
The new law allows for in-person and mobile sports betting. The state will have four retail sportsbooks and 12 online sportsbooks. In addition to those, the state will have hundreds of betting kiosks at businesses across the state. This is bigger than the market in neighboring Tennessee, which only legalized mobile sports betting. The state’s new legal sports betting market will be regulated by the Kansas Racing and Gaming Commission.
Native tribes not included in market
There’s a battle brewing in California, with Native tribes battling national sports betting apps such as FanDuel and DraftKings. Both sides plan to spend at least $200 million to get their initiatives to the ballot. Ultimately, the winner will decide whether to include sports betting for Native tribes in the legal gambling market or not.
The initiative has the support of seven sports books, mayors in Long Beach, and homeless advocacy groups. It is expected to pass on the June ballot. A fourth initiative, which supports both online and in-person gambling, is backed by the San Manuel Band of Mission Indians and Rincon Band of Luiseno Indians.
If the tribes succeed in passing the measure, they will be required to partner with Native tribes. Ultimately, most of the state’s profits would go to the tribes. However, the measure would not allow betting on youth sports, elections, or other gambling-related activities.