US sports betting to be legalized in 12 new states: Morgan Stanley

Expect the spread of sports betting across the U.S.> to continue in 2021. Morgan Stanley Research believes as many as 12 states will get there, with much of it coming in the first half of the year.

In their analysis, Thomas Allen, Michael M DeLalio and Ed Young note that the total number of states with legalized sports betting should reach 35 by the end of the year. They also expect as many as 3 more to legalize online gambling (raising the total to 9). They write:

“Notably, there are 6 Governors who have publicly asked their legislatures to pass laws, 3 states whose citizens have passed referenda, and in the remaining states bills that have already been filed.”

The drive, they note, is to correct budget deficits. Several states, Florida, Georgia, Minnesota and Mississippi included, have obstacles that they expect won’t be surpassed this year.