Rhode Island mobile betting and March Madness have been the two hottest topics news-wise in the last few weeks. After four days of non-stop college hoops, 16 teams are still alive seeking a tournament win.
In Sports Chalk issue no 1. we discussed the sports betting legislation introduced in Iowa and Indiana. Since then, both bills are awaiting a vote from the house. The Iowa bill received an amendment which would prohibit live betting on Iowa student-athletes, as well require in-person signup to open an account. This newsletter covers stories from 03/11/19 to 03/25/19.
Recent Legislature - Rhode Island Mobile Sports Betting Gets Approved
Currently, residents of Rhode Island can bet on sports at the Twin River Tiverton and Twin River Lincoln casinos. Governor Monday, March 25th Governor Raimondo signed a bill that legalizes mobile sports betting in the state.
Unfortunately, residents will have to wait for a Twin River mobile app to be developed and released, which could take until November of 2019 at the latest. As of right now, this will be the only mobile option available.
While having mobile betting is better than not having it, I can't help but feel Rhode Island citizens will be missing out on the opportunity to find a sportsbook that best suits their needs. Having multiple providers only drives competition, ultimately creating a better product, but at this point in time the state is focused on doing everything in-house. Let's not forget Rhode Island charges a whopping 51% tax on spots betting operators, the highest in the nation.
National Coverage - 60 Minutes Covers Sports Betting
For anyone new to sports betting, this CBS story covers basic betting terminology, where and how to place a bet, as well as how the fan experience will change with the widespread legalization of sports betting.Shot Clock Facts - March Madness Edition
- - It’s estimated $10B was wagered on the 2018 March Madness tournament.
- - After the first weekend of the tournament, only one perfect bracket remains out of millions and millions of entries.
- - The odds of filling out a perfect March Madness bracket our 1 in 9,200,000,000,000,000,000.
Our Best New Jersey Sportsbooks 2019 guide has been updated to include more sportsbooks. This guide will continue to be updated as we review Hard Rock, Resorts AC, and BetAmerica in the coming weeks.
On the Horizon - March Madness
March Madness has been electric so far, with so many games coming down to the wire. The full March Madness schedule, as well as where it is broadcasted can be seen below, courtesy of NCAA.com.
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