Legalize Sports Betting in New Mexico
If Alabama can launch sports betting, then opening retail gambling places can be a problem. Currently, there are no licensed casinos in Alabama, and all other states currently allow retail gambling. Alabama online sports betting might seem like a problem for Tennessee, because that state was once in the same position. Both casinos were shut down in 2021, and it appears that they were very profitable establishments for their owners.
The fact that both of those gambling establishments closed their doors is unfortunate, but politicians in the south do have the power to shut down bad business if they want to. In this case, it appears that there is little chance that the legislature will take such a drastic measure. However, they might view this as an opportunity to build support for new laws regarding sports betting. It’s possible that the lack of gambling in the south may be a major reason why professional sports have not made much money there in recent years. Casinos are simply not a popular option there.
If the trend continues, professional sports betting will slowly become a major industry in the state of Alabama. Whether that happens in the early 2020s remains to be seen. Even if it does happen in the early 2020s, it is probably too soon to make any large bets on any teams.
If there is a proposal to legalize sports betting in Alabama in the early 2020s, it could face a tough battle in the legislature. However, it is not a sure bet. Many of the lawmakers favor legalized gambling, but some groups do not want it to happen. Lawmakers typically need to pass a bill before it becomes law.
One reason why the potential move came less than expected was the reaction of the legislature. The legislature generally wants to see some type of proof that legalized sports betting will benefit the state. With no concrete evidence to support the theory that legalizing gambling will increase tourism in the state, some lawmakers were hesitant to approve the move. In short, they did not want to lose the revenue that they get from the casinos.
In general, the chance of increasing casino sales is not high. While Alabama may gain revenue from legalized sports betting, it probably will not be as dramatically different than the profits that casinos make from slot machines or poker machines. Many tourists come to Alabama just to play slots, and they will still enjoy their visit. A tourist who comes to a casino resort just to play blackjack may not stay for long enough to make a profit from legalized wagering.
Even if the bill makes it through the House and Senate, it faces a likely defeat in the governor’s office. The House already has passed a bill that eliminates local control over gambling, so it may not have any appetite for a new bill that eliminates local regulation of sports betting. A recent poll found that a large majority of residents in the state still favor a legalized sports betting bill. The poll was taken before the House approved the fiscal year 2021 budget, which included a measure to remove the requirement for the Professional and Amateur Sports Protection Act certification in counties that do not have such laws.
Governor Bentley seems to have realized that he needs some pro-gambling support in the state. He has signed onto the House-approved Compassionate Gaming Compact, which encourages the states to develop a standardized act to legalize sports betting across the board. That legislation awaits a signature from the new President, who is expected to sign into law the same day that Bentley takes office. The new Mexico is a sports betting paradise, and it looks as though the southern state’s leadership is ready to throw its support behind the idea of legalized gambling.