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Sports betting legalization back in play with House Bill 1027

Summarized by: Live Sports Direct
 
Sports betting legalization back in play with House Bill 1027

Oklahoma state representative Ken Luttrell has introduced House Bill 1027. It would authorize tribes to offer sports betting in casinos and on mobile devices. Gov. Kevin Stitt is open to making sports gambling legal. The Oxford Economics Group estimated that legal betting would generate $240 million in new revenue for the state. University of Colorado announced a corporate sponsorship with PointsBet in September 2020. Caesars Sportsbook offered Michigan State $8.4 million over five years to promote gambling at the university.

House Bill 1027 would legalize sports betting. OSU students might be susceptible to addiction. Other schools have used their gambling deals to increase revenue, hire big-name coaches and improve facilities.

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