According to a recent Eilers & Krejcik Gaming report, 18 states are introducing sports betting regulation bills and at least 12 have a decent chance of passing. The U.S. Supreme Court will decide by June on a New Jersey case that proposes overturning sports betting in almost all states with the exception of Nevada, Oregon, Delaware, and Montana. Private companies worldwide, including casino operators, are positioning themselves for what they hope is a favorable ruling. Because MGM has casinos in Las Vegas, New Jersey, Maryland, Mississippi, and Michigan, this legislation has major implications for their businesses moving forward.
Key Takeaways:
- According to an article in the Las Vegas Review Journal, 18 states are introducing sports betting legislation this year.
- According to managing director of Eilers & Krejcik Gaming, Chris Grove, at least 12 of those states will most likely pass some form of sports betting legislation.
- The legislation will have a significant impact on MGM Resorts International because it has casino properties in Las Vegas, New Jersey, Mississippi, Michigan, and Maryland.
“At least 18 states are poised to introduce bills this year to regulate sports betting, according to a new report.”
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