As the number of sports betting partnerships increases, it is important to consider what each partnership will entail. Often, announcements of these partnerships focus on the basic details, but there may be a lot more going on than meets the eye. Scott Warfield, vice president of gaming for the PGA Tour, says the number of events that are available to bet on will only increase in the next five to ten years, and the PGA Tour needs to be proactive in its approach to sports betting content.
Nevada: The state of Nevada has only one authorized sportsbook provider, which powers the sports betting market in that state. This sportsbook has limited online applications. It also has non-competitive market pricing. Games that list at -110 are usually listed at -118. Tennessee: Tennessee is another gambling-hostile state. However, a new law enacted in November 2020 will allow four sportsbooks to operate online in that state.
Arizona: The state of Arizona was one of the first to implement sports betting after the passage of PASPA. It went from law to launch in five months. On September 9, Arizona launched its online sports betting market, and on the same day, seven apps were launched. Two sportsbooks opened in the Phoenix area. Despite being one of the earliest states to legalize sports betting, the state is just beginning to see its benefits.
Oregon: Despite being a small state, Oregon has a history of sports betting. After PASPA, Oregon was one of the few states to keep a sports betting product. The lottery in Oregon had a parlay game called Sports Action, which it used as an excuse to not pass a law regulating sports betting. However, today, the only legal sports betting app in Oregon is Scoreboard.