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The Unlawful Internet Gambling Enforcement Act (UIGEA) incorporates a provision that enables states to set their own legal guidelines as it pertains to on-line horse race wagering. The first two companies to launch cellular sports activities betting in New Jersey, DraftKings Sportsbook and FanDuel Sportsbook, lead the U.S. in cell sports betting income.
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Both firms are aggressively expanding U.S. operations and are in position to guide the rapidly rising market. New Jersey, for example, has seen 80 p.c of its sports activities betting handle produced from on-line and mobile bettors since launching its mobile platforms in August 2018. New Jersey’s general sports betting revenue is second solely to Nevada, and the impression of cell betting on those totals might be an indicator of issues to come back in other states. The U.S. sports activities betting industry appears to be in the beginning levels of a increase period, and people states providing authorized cellular betting are poised to be on the forefront.
