Sports And Gambling
Hawaii sports betting could be on the table to help the state boost revenue with its lifeblood tourism economy all but at a standstill.
VSIN is the sports betting network, expert analysts, live odds, betting lines and data for every sport so you can bet on sports with confidence. 1 day ago Casino-based sports betting was approved as part of the “Upstate New York Gaming Development Act of 2013,” which provided the statutory framework for casino gambling in New York”.
With the COVID-19 pandemic keeping many tourists at home, the state faces a projected $1.4 billion budget deficit in each of the next four years.
There are no forms of legal gambling currently offered in Hawaii.
Online Casino And Sports Betting
Hawaii sports betting bills
SB 595 proposes the creation of a sports gambling task force. The task force would submit recommendations and any proposed legislation during the regular sessions of 2022 and 2023.
HB 736 amends the state’s definition of gambling to exclude “digital” sports betting and deal with it separately. The bill would create a pilot program through the state’s department of business, economic development and tourism to issue licenses for mobile Hawaii sports betting. Findings, recommendations and proposed legislation would be due during the 2022 session.
Effects Of Gambling On Sports
HB 850 would legalize and regulate daily fantasy sports in Hawaii, exempting them from current state gambling laws.
Multiple other bills could be in play
Two similar bills in the Hawaii Senate and House of Representatives propose a casino-resort operated by the Department of Hawaiian Homelands.
Funds from the casino would help a waitlist of approximately 28,000 native Hawaiians move back to their ancestral lands.
Other bills in the chambers propose a state lottery and a single casino-resort at the Hawaii Convention Center. One House bill proposes a task force to study the potential of offshore gaming, a lottery and two casinos.
Sports betting largely not included
Bills proposing a lottery, like HB 363 and SB 561, largely prohibit the entity from offering sports betting.
The lottery could offer “games of chance and skill, including lottery, poker and casino games.”
Those companion bills recommend revenue from the lottery head to capital improvements at public schools and the University of Hawaii system, including scholarships and educational loan repayments for medical students who practice in Hawaii.
Additional funds would support watershed protection, and reduction and prevention of problem gambling.
Hawaiian gambling outlook
Unless Gov. David Igechanges his mind on casinos, retail sportsbooks are unlikely. If Hawaii sports betting legislation eventually is passed, it will likely be a mobile-only model.
Hawaii has one of the smallest populations in the United States, so the revenue outlook isn’t likely large. With approximately 1.4 million residents, it is about the same size as New Hampshire.
New Hampshire generated $23.6 million in revenue from sports betting in 2020.