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Sports Betting Spotlight: Baltimore Ravens Sports Betting Spotlight host Todd Dewey, Kelly Stewart and CG Analytics Oddsmaker Will Bernanke go over the odds for the Baltimore Ravens 2018 season. Sports Betting Spotlight: Arizona Cardinals Todd Dewey, Johnny Avello and Kelly Stewart go over the odds for the Arizona Cardinals upcoming season. Sports Betting Spotlight: Seattle Seahawks Todd Dewey, Johnny Avello and Kelly Stewart go over the odds for the Seattle Seahawks upcoming season. Sports Betting Spotlight: San Francisco 49ers Todd Dewey, Johnny Avello and Kelly Stewart go over the odds for the San Francisco 49ers upcoming season. Sports Betting Spotlight: Los Angeles Rams Todd Dewey, Johnny Avello and Kelly Stewart go over the odds for the Los Angeles Rams upcoming season.
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A handful of states have already legalized the gambling, and others are considering legislation. An appendix to Arizona’s tribal gaming compact that would govern sports betting is under negotiation, said Lester Stanley, executive director of the Rincon Gaming Commission in California. How much money states could make off the activity is hard to estimate. In Arizona, predictions show tax revenue is “not anything to write home about,” said Richard Wells, president of Wells Gaming Research, who does consulting work in the gaming industry, at the law school forum. Wells Gaming Research projected Arizona revenue based on numbers from the Nevada market that consider the state without Las Vegas tourists. The top-level study found previous projections have likely overstated how much money the state could bring in. If Arizona used the same tax rate as Nevada, the state could bring in between $486,000 and $2.3 million a year in tax revenue on sports betting wins, Wells said. Less than 20 sports books would open in the state, Wells Gaming Research predicts. “It’s not a big revenue producer for the state,” Wells said. “It’s also not a big job producer.” States and tribes are both looking at how to regulate sports betting to boost revenue and protect consumers, Stanley said. Looking at new technologies like mobile betting while preventing underage betting and data breaches are among the challenges, he said.
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