Although the U.S. government has not done much to regulate sports betting, states have been eager to regulate this industry. States are deciding the appropriate tax rates and regulating bodies, while players and stakeholders are weighing the integrity of games. The NFL and NHL have proposed regulation, as well. In the meantime, state-regulated sportsbooks are relatively safe and offer a variety of benefits. If you’re interested in getting into the game and betting on your favorite team, we’ve got some practical advice for you!
Legalizing sports betting is not an easy task in many states, but there are still many that have taken the lead. For example, in California, sports betting could become legal in 2024. In Massachusetts, lawmakers are making progress, and last April the state Senate passed a bill to legalize sports betting. This bill will pair with a similar bill the House passed last year. However, the bill must survive a conference committee in order to become law.
As a beginner, you may feel tempted to bet heavily on a game you are not very familiar with. However, it’s important to remember that emotions often dictate how we make our choices. When you place your first bet, have fun! It’s much better to put your energy into researching the games of tomorrow than allowing yourself to become overly emotional. You’ll be glad you did. With the right research, sports betting can become an exciting pastime for you and your family.
