Alabama, Louisiana the latest to enter the sports gambling arena

The list of U.S. states hoping to get into the sports gambling industry continues to grow. Arkansas became one of the most recent states to enter the space and two more are now working on legislation to grab a piece of the action.

Alabama lawmakers are entertaining House Bill 315, the Alabama Sports Wagering Act. It was sponsored by Representative John Rogers and would authorize bets on “certain professional or collegiate sports or athletic events.” Most likely, based on that language, wagers on local collegiate games would be prohibited.

Sports gambling using a mobile application would be permitted and, if the legislation makes it all the way through the political obstacle course, Alabama would become the first Southeastern state to allow mobile sports gambling.

Licenses would run $100,000, with a maximum of seven to be issued. Gambling revenue would be taxed at 10%, close to what has been seen in other states.