Montana lottery releases sports betting rules
Montana Lottery Estimates 1400 Potential Licensees in State
The decision to make Intralot the sole provider of sports betting services in the state has not gone without contest, especially as it allegedly did not follow tender protocol. The contract seems to be particularly lucrative as all gambling licenses will be tied to liquor licenses. This means that any licensed bar will have the opportunity to apply for a sports betting license.
Currently, it is estimated that more than 1400 venues can apply for a sports betting license to go with their liquor license. In addition to the fact that there are already so many eligible venues, licenses are said to cost only US$50, meaning that it won’t exactly be difficult to get hold of one. Contrast this with the hundreds of thousands or even millions of casinos in states like Nevada or New York have to pay, and the decision definitely seems very odd.
That said, gambling may be somewhat less profitable in Montana than in other states. All new sports betting licensees in the state can expect to earn 6% commission on their sales, in addition to bonuses for exceeding targets. While this may prove to be an extra bonus, Las Vegas casinos don’t really have to worry about sports betting bars in Montana overtaking their market value anytime soon.