North Dakota is considering legalizing sports betting

North Dakota is considering legalizing sports betting

North Dakota

A new initiative is being proposed in North Dakota with the intention of legalizing sports betting outside of tribal casinos.

According to a report in the Bismarck Tribune, Fargo representative Greg Stemen has presented House Concurrent Resolution 3002 to the House Judiciary Committee in order to have it considered for a hearing. 

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Changes to the Constitution are Put to a Vote Before the People

In the event that the proposed amendment is accepted following a vote in the Senate, it will be put up for a vote in front of the general population at the elections that take place in November 2024. 

In order to make a modification to the constitution of the state of North Dakota, there must first be a vote taken by the general people. 

The resolution suggests making a change to the constitution of North Dakota so that betting on sporting events can take place anywhere in the state and yet be subject to governmental oversight, regulation, and licensing.

Consequently, the citizens of North Dakota will have the last say over whether or not they want to see legalized sports betting made available in the state. 

In the event that the proposal is accepted following the vote by the general people, North Dakota’s legislators will be required to work on amendments to the law that would make it possible to establish regulated betting on sports in the state.

Even if the House Judiciary Committee has indicated that the resolution should not be approved at this time, it will still be put to a vote in the Senate, which is the body that will be responsible for making the ultimate determination.

North Dakota People Are Already Enjoying Sports Betting

Even Though It’s Illegal and Unregulated Fargo representative Greg Stemen has brought attention to the fact that residents of the state are already participating in sports betting, even though it’s illegal and unregulated. Stemen provided additional clarification in a statement that was given to The Bismarck Tribune.

The Legalization Seen to Increase of Sports Betting Revenue

Stemen continued by saying that the legalization of sports betting might result in a significant increase in the amount of money collected through taxes. He mentioned that a tax rate of 10% is a regular practice, which means that the North Dakota state budget may profit from revenues of $3.5 million per year if the tax rate is increased to 10%.

Around 138,000 people living in the states are considered to be active gamblers, who collectively place wagers with an annual value of more than $300 million, according to estimates derived from statistics provided by the American Gaming Association (AGA). All of these wagers are ultimately paid out to offshore sports betting operators, who may have their headquarters in a variety of countries including Panama and Latvia, amongst others.

There is a lot of opposition to the legalization of sports betting in North Dakota, despite the fact that Stemen pointed out all of the potential benefits. The Chancellor of the North Dakota University System, Mark Hagerott, is of the opinion that he is not in favor of the legalization of gambling due to the fact that he believes it will have a negative impact on the lives of students and will jeopardize the fairness of athletic competitions.

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About Lou De Aguila

Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time.