Noticias de ultima
  • 12.00 Brazil Government's delay in gambling regulation hampers tax revenue collection
  • 12.00 Imagine Live Launches Casino Hold’em
  • 12.00 Let's celebrate together with UNIDESA 40.000 Manhattan sales
  • 12.00 MGM Resorts Experiences Revenue Boost Following Partnership with Marriott’s Loyalty Program
  • 12.00 CGS Santiago: The Epicenter of Gaming in Chile to take place May 29-30
  • 12.00 Gaming Laboratories International Regulators Seminar to Continue Successful Co-Location with NCLGS
  • 12.00 Lucky Hunter: new Pay4Fun integration
  • 12.00 Thailand is considering legalizing casinos as a strategy to strengthen its economy
  • 12.00 Eternal Kingdom Link: 6 thrilling FBM® slots bring adrenaline to casino operators
  • 12.00 AGA Analyzes Sports Betting Advertising Trends for 2023
Sportsbook

World Cup 2026 should be a betting bonanza for America’s sportsbooks, except … it won’t be

Monday 27 de February 2023 / 12:00

2 minutos de lectura

(New Jersey).- Best-guess estimates say there was roughly US$160 billion legally bet on the World Cup last year. This is courtesy of a Sportradar spokesperson, speaking to Forbes pre-tourney. Americans were estimated to be “only” responsible for a little more than 1% of that.

World Cup 2026 should be a betting bonanza for America’s sportsbooks, except … it won’t be

To compare: Super Bowl betting — both legal and illegal — was probably about 10% of that $160 billion number, according to the American Gaming Association.

Clearly, the World Cup is a betting bonanza, and will be an even bigger bonanza when it comes to North America in 2026, as the field is expanding to a record 48 teams, up from 32. There will be at least 80 matches — the format may be tinkered with to produce more games — up from last year’s 64.

And at least 60 of those matches will take place in the United States, with another 10 in Canada and 10 in Mexico.

Of course, with the World Cup comes a lot of tourism. Philadelphia, one of 11 host cities, expects more than 500,000 visitors to come to town. Some back-of-the-envelope math would seem to indicate over 5.5 million soccer-mad (football-mad? futbol-mad?) fans will be descending on America to root for — and bet on — their home teams.

Clearly, this is going to be what amounts to a few Super Bowls for America’s legal sportsbooks, as these soccer-crazy fans are sure to want to put down a few bucks on these games.

Except … it won’t be, not unless every state — short of Nevada, which isn’t a host site — changes the rules about who can bet online legally in the States. And it all comes down to a nine-digit number.

Too much social security

“My eyes have been on this ever since the 2026 World Cup was awarded,” Adam Bjorn, the COO of Plannatech and a longtime oddsmaker and sportsbook consultant, told US Bets. “I’ve struggled with Social Security numbers for 20 years.”

Bjorn, a native of Australia, is not a U.S. citizen, and thus does not have a Social Security number. And he notes that, outside of Nevada, you need a Social Security number to sign up for a legal and regulated online sportsbook.

Bjorn is currently in the midst of building out Plannatech’s sports betting solution portfolio, and is already licensed in Ohio and working toward getting licensed in New Jersey. The company has already signed on with the upstart Prime Sports/Out The Gate sportsbook to be their odds originator and backend supplier.

And Bjorn, despite his decades of experience in the sports betting world, can’t bet online in America — short of, again, in Nevada. “If I’m road tripping across New Jersey, I simply have zero betting access because I don’t have a Social Security number,” he said, “And as I’ve been building this platform, understanding this process, it seems counterproductive that if you don’t have a Social Security number, you can’t open an account.”

And come World Cup time …

“It’s a massive miss,” Bjorn said. “All these people traveling in, they won’t be able to bet back home because most of these places have strict VPN rules and all these kinds of things, and so what are they going to do? All of a sudden a lot of money is going out of the system. The black market, the gray market, they can’t wait for this.”

Regulators, assemble!

So can states figure out a way to be like the rest of the gambling world and not demand a Social Security number for non-citizens so they can sign up for legal mobile sports betting?

Short answer is “probably,” but it would take some doing.

“Generally speaking, these specifics aren’t in the statute, they’re in the rules,” said Brandt Iden, current vice president of government affairs for Fanatics and, during his time as a legislator in Michigan, the man responsible for bringing sports betting to that state. “I would think the rule-making bodies — the gambling commissions, the lotteries — could institute some kind of temporary rule to allow for this. Obviously a big question is what kind of ID would be acceptable.”

Iden said — again, speaking in very broad and general terms — the operators themselves would have to go to each state’s gambling commission and make a request to change the rules. As it stands right now, of the 11 American sites, only four — Philadelphia, Boston, Seattle, and East Rutherford, New Jersey — are in states where sports betting has been legalized. And in Washington state, it’s retail betting only for now.

But 2026 is still a lifetime away when it comes to legislative actions, and it’s not exactly far-fetched to think Los Angeles, San Francisco, Miami, Houston, Dallas, St. Louis, and Atlanta will be up and running by then. (Note to legislators in those states: Maybe think about this Social Security thing now.)

“I think it’s a really interesting question, and certainly one worthy of conversation,” Iden said.

As for Bjorn?

“I’ve struggled with this for 20 years,” he said. “The U.S. just ties everything to this number.”

Clearly, America’s sportsbooks should set a — ahem — gooooooooooaaaaaal for themselves to start lobbying for this change by the end of the year. It’s never too early.

By Jeff Edelstein

Categoría:Sportsbook

Tags: Sports Betting, Sportsbook ,

País: United States

Región: North America

Event

GAT EXPO CARTAGENA DE INDIAS 2024

09 de April 2024

Repercussions of FECOLJUEGOS panel on challenges and the future of industry in Latin America in GAT 2024

(Cartagena, SoloAzar Exclusive).- Evert Montero Cárdenas, President of Fecoljuegos, and four member panelists from the institution, analyzed the challenges facing gambling operators in Latin America, within recent GAT 2024 event.

Friday 03 May 2024 / 12:00

Gaming Overview in Peru at GAT Expo: challenges and opportunities in times of change

(Cartagena de Indias, SoloAzar Exclusive) - "Gaming market in Peru, physical casinos and the impact of online gaming regulation" was the main topic of the Peru Panel, during the Conferences organised at the GAT EXPO, held in Colombia, on 9, 10 and 11 April. In this session, experts in regulation, operations and compliance explored the trajectory of the gaming industry in that country, analysing its transformation over time.

Thursday 02 May 2024 / 12:00

AI: The new ace in the hole for the games of chance industry

(Cartagena, Exclusive SoloAzar).- One of the conferences held within the recent GAT EXPO, brings to the table a topic that is on everyone's lips: Artificial Intelligence (AI). This year, the panel entitled “Artificial Intelligence in the Entertainment Industry” was held with the presence of prominent experts from Latin America.

Tuesday 30 Apr 2024 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST

MÁS CONTENIDO RELACIONADO