July was a busy month for sports betting in the US, with significant developments in several states. In Iowa, the state saw a total handle of $148.2 million in July, marking the second consecutive month with a handle above $140 million. This was a significant increase from the previous year, with July 2021 seeing a handle of $70.9 million.
Maine also saw progress in its sports betting industry, as the state’s legislature approved a bill allowing for online and retail sports betting. The bill now awaits the governor’s signature before it can become law. This move is expected to open up new opportunities for both operators and bettors in the state.
Maryland also made strides in legalizing sports betting, with Governor Larry Hogan signing a bill to allow for both online and retail sports wagering. The state’s regulatory body is now working on finalizing regulations, with a launch date expected in the fall.
In Tennessee, sports betting continued to thrive in July, with a total handle of $144.4 million. This marked a slight decrease from the previous month, but still showed strong growth compared to the same period last year. The state’s online-only model has proven successful, with operators reporting significant revenue and handle figures.
Overall, July was a positive month for sports betting in the US, with several states making progress in legalizing and expanding the industry. With more states expected to follow suit in the coming months, the future of sports betting in the US looks bright.
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