Delaware Hot Button Issue in Sports Betting

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The local Delaware media has been following recent developments in legislative agendas surrounding the legalizing of sports betting.

"Bringing legalized sports betting to Delaware could come with wide range of payoffs -- or losses -- for the entire area," an article in the News Journal suggests.

From the News Journal:

The shadow of legalized sports betting doesn't cast itself over cities with major professional teams.

The Arizona Cardinals, who play in Phoenix, are the closest, a five-hour drive from Las Vegas, which is in the only state with legalized sports betting.

But if sports betting legislation moves through the Delaware state senate and is signed into law by Gov. Jack Markell, the shadow of legalized sports betting will fall directly over Lincoln Financial Field, home to the Eagles and less than an hour up I-95 from Delaware.

The NFL is by far the most popular sport to bet on, with more than $90 million bet legally on the Super Bowl alone.

Some say the proximity of legalized sports betting to an NFL team is not an issue, in part because illegal betting is so prevalent.

It is estimated that $380 billion is wagered illegally on sports each year, whether it's through bookies or online gambling sites.

 

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