Washington is currently one of only three states that only allows its tribes to conduct sports betting. North Carolina and New Mexico are the other two.<\/p>\n
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King and Liias’ sports betting bill, as is, would prohibit sportsbooks from accepting bets involving college teams based in Washington. All amateur events, including high school sports, and competitive video gaming, such as esports, would be prohibited.<\/p>\n<\/div>\n
Gross gaming revenue from sports betting would be subjected to a 10 percent tax. Each card room and racetrack would also be required to pay a $100,000 upfront licensing fee.<\/p>\n
One area of the bill that will likely draw considerable discussion is its legality on mobile sports betting. Currently, SB5212 only allows bets to be placed online when the gambler is located within the card room or racetrack. In states where mobile sports betting is permitted, the vast majority of wagers are facilitated online. It’s become quite apparent that for a state to take full advantage of legal sports betting, mobile operations are key.<\/p>\n
SB5212 has been directed to the Washington Senate Labor, Commerce & Tribal Affairs Committee for further consideration.<\/p>\n
Spring Sportsbook Launch<\/b><\/h2>\n
While the commercial sports betting discussion heats up in the legislature, the WSGC is expected to soon issue sportsbook licenses<\/a> to numerous tribes.<\/p>\nThe Kalispel, Suquamish, Tulalip, and Snoqualmie tribes are expected to be the first licensed sports betting operators in Washington.<\/strong><\/p>\nThe state won’t receive a penny of the sports betting money won by the tribes, as the gaming expansion is not subject to state taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"
A bill in Washington has been introduced to expand sports betting. It\u00a0seeks to expand sports betting to racetracks and card rooms. Washington legalized sports betting for its federally recognized tribes in March of 2020. The decision came nearly two years after the US Supreme Court repealed the Professional and Amateur Sports Protection Act (PASPA), the […]<\/p>\n","protected":false},"author":25,"featured_media":161445,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,1074],"tags":[],"acf":[],"yoast_head":"\n
Washington State Turns to Sports Betting for New Tax Revenue<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n