Casino News: Nevada Approves March Madness Player Prop Bets, Kentucky Sports Betting Bill Moves Forward

March Madness Player Prop Bets - Most Outstanding Player

Many bettors are looking forward to the day when regulated sportsbooks are allowed to accept wagers on player props in college sports. The state of Nevada has taken the first step towards that.

Nevada Gives Green Light To Take March Madness Bets On ‘Most Outstanding Player’

The Nevada Gaming Control Board just gave the approval to allow bettors to place wagers on the Most Outstanding Player award in the NCAA Tournament. This is significant because previously, books weren’t able to take bets on player props.

The board made it clear that each and every sportsbook must stop accepting these bets when the final game of the tournament kicks off, so the lines can be updated throughout the tournament.

Betting on basketball in the state of Nevada has been massively successful of late. Throughout 2021, the Silver State was able to bring in $147.8 million in total revenue just off of basketball wagers, which is a new all-time record. The American Gaming Association estimates that $3.1 billion is going to be wagered in total on the March Madness tournament that is currently taking place.

Kentucky Sports Betting Bill Inches Forward

Kentucky is again trying to legalize sports betting and while there is some optimism surrounding a new bill, everyone is approaching it with caution. Nobody is quite sure the fate of the bill right now but the state has slowly been moving it forward in the legal process. The House was able to advance the bill that plans on legalizing in-person and online sports gambling in Kentucky. On top of that, the House Licensing, Occupations & Administrative Regulations committee was able to approve it themselves a few days before.

This isn’t the first time that sports betting has been a topic in Kentucky. As a matter of fact, the state tried to legalize it back in 2019 but efforts came up fruitless.

With the way that the legislative session for this year is going to end in the middle of April, people aren’t expecting the bill to make its way through. If it somehow does, many will be pleasantly surprised. Although it doesn’t help that religious groups in the area are strongly opposing the expansion.

Pennsylvania Has Strong Month Of February

Pennsylvania continues to improve its gaming revenues after a horrid 2020 campaign. The Pennsylvania Gaming Control Board has announced that the combined revenue throughout February 2022 was $375.6 million. This number represents a large 24.41 percent increase when compared to the revenue numbers that were announced in February 2021.

Online casinos seemed to be one of the largest improvements year-over-year. This past February, online casinos reeled in $102.4 million, a 31.66 percent increase compared to the previous year. February of 2021 only saw them bring in $77.8 million.

Although, the Super Bowl didn’t exactly turn out to be beneficial during this past month. It was reported that the books lost approximately $442,847 on the game, not a good turnout for one of the biggest events of the year so far. They did still see $16 million in sports betting revenue despite the big loss on the Super Bowl.