The Risks of Online Betting

online betting

Online betting is a growing market. According to estimates, it is expected to reach $93 billion by 2023. It is becoming more convenient as time goes by. However, there are risks to online wagering. Keeping track of these and other related information can help you make informed decisions.

A number of states have been considering legalizing sports betting. In addition, a number of states have decided to keep it out of the market, because of a variety of factors. One major consideration is the tax revenue potential of a new betting market. This is why states are battling each other in this debate.

The state that may be the most likely to go for it in 2023 is Texas. There are a number of reasons why Texas might be the next state to get on the sports betting bandwagon.

One of the biggest issues for Washington is mobile sports betting. While there is only one District-wide app, it is geofenced off federal properties.

Those interested in betting on in-state college games will have to wait until December of 2021. But the future could be bright for online wagering in the state. If Massachusetts launches a mobile platform in the near future, it might take a bite out of New Hampshire’s already small market.

Nevada, though, hasn’t moved forward as fast as other states. As more states go live, it could drop in the rankings. Even after it launched COVID-19 in November, Nevada saw its market shrink.