Caesars Set To Start Taking Bets On Sports In New Jersey And Mississippi

Caesars Set To Start Taking Bets On Sports In New Jersey And Mississippi

International gaming leader Caesars Entertainment Corp. is set to begin accepting wagers on sport events at two of the company New Jersey casino as early as this week, while two of its Mississippi properties will do the same starting next month.

The Las Vegas-based company, one of the biggest in the industry and possible one of that same industry's most venerated firms, announced Monday, July 30, that it will have its Bally's and Harrah's casinos in Atlantic City, NJ, ready to roll before the end of the first week of August. Caesars' popular Horseshoe Casino in Tunica Resorts, MS, and the Harrah's Gulf Coast in Biloxi will do the same by the middle of August.

In addition to that news, Caesars will also be rolling out a mobile sports betting option in both states, though the particular legal situation facing wagering over a smartphone or other mobile device in either state will determine the precise nature of those product. In the Garden State, with its more liberal bent, mobile betting apps can be used anywhere inside the state lines of New Jersey, whereas the Mississippi casino operators are required by the Hospitality State's more conservative regulations to limit their mobile betting offerings to inside the physical walls of the casinos themselves - for the sake of underage folks, you see. At any rate, the announcement bodes well for future cooperation between Caesars and another prominent gambling related company, in this case the casino technology supplier Scientific Games Corp., which will be handling the digital infrastructure needed to facilitated bets over the internet using mobile devices.

All the activity going on in the world of sports betting from seemingly every corner of the country comes down, ultimately, to the mad dash (or perhaps gold rush is the more accurate descriptor) we are experiencing as a result of the earth shaking decision by the US Supreme Court to overturn the longstanding Professional and Amateur Sports Protection Act of 1992 (PASPA). That federal law had for more than a quarter of a century denied 46 of 50 states - New Jersey and Mississippi included, despite their thriving casino industries - from offering a legal, regulated sports betting market for residents and visitors, many of whom came to cities like Biloxi and Atlantic City expressly for the purpose of gambling. Now that PASPA is no more as of May of 2018, gambling companies and operators in the segment are jumping at the chance to offer legal sportsbooks anywhere that has passed laws or changed existing ones to regulate such an industry, and with Monday's announcement it certainly seems as though Caesars - one of the biggest names around - has a jump on just about everybody else.

However, all is not lost for other domestic operators large and small looking to get in on the action and to get a seat at the table, as the option exists to partner with gambling operators in Europe (see UK firm William Hill's success in Las Vegas for all the proof you are likely to need), as sports betting has been widely legal and available there for decades already. To that point, GVC Holdings and MGM Resorts International announced just a day prior that they had inked a deal to enter into a joint venture worth a whopping $200 million, for which they will start offering sports betting and online wagering generally at MGM's properties throughout the United States. Further driving home the importance and significance of mobile wagers apps to the future of the hobby around the world, Caesars, which owns and operates more casino properties here at home in the States than any of its competitors, included in its Monday press release about the forthcoming action in New Jersey and Mississippi a mention of the possibility that it may offer its mobile betting product - courtesy of its deal with Scientific Games Corp - in other states. That will depend, however, on what is hoped to be more widespread legality for mobile and online betting in the future, as expansive gambling laws enabling such a business model only exists in a handful of states.

Nevertheless, prospective bettors who want to enjoy sports betting for New Jersey residents or Mississippi sports fans that want to bet on their favorite teams while on the go can always avail themselves of the opportunity afforded by leading legal offshore sportsbook sites such as Bovada (not available in the Garden State, sadly), BetOnline, SportsBetting, BetDSI and 5Dimes. These sites have free to download Android and Apple mobile sports betting apps that put the action right in the palm of your hand, and, being their parent sites are based overseas, you will not need to worry about violating any state laws if you want to place some bets using your smartphone, tablet or mobile device. It is certainly an option many folks interested in the sport betting hobby have considered as these apps are among the most popular apps in their category, and, indeed, mobile sports betting using these aforementioned apps already constitutes the bulk of an estimated US sports wagering market valued somewhere between $150 billion and $250 billion annually.

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