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Is Formula Drift Betting Legal in My State USA Formula Drift Betting Markets

Is Formula Drift Betting Legal in My State? USA Formula Drift Betting Markets

Sports betting is a hot topic across the United States as more fans, experienced bettors, and sports betting advocates push for the legality of widespread sports betting across the country. Indeed, the success of the campaigns and appeals of those in favor of sports betting is paying off as more than 30 US states, such as Indiana, Kansas, Ohio, and Rhode Island have legalized sports betting or are in the process of doing so.

Formula Drift betting is becoming increasingly popular as the cause of legal sports betting continues to be pushed. For motorsports enthusiasts looking to wager on Formula Drift racing events, they often ask, “Is Formula Drift betting legal in my state?”. NXTbets answers the question and provides insight into the USA Formula Drift betting market.

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The State of Sports Betting in the United States

Nevada is widely known as the pioneering state of sports betting regulations in the US. As far back as 1949, Nevada had created its first betting laws. Today, the sports betting laws in Nevada have undergone several reviews, leaving only a few sports betting events, such as amateur non-collegiate events, off-limits in the state. Nevada’s monology on sports betting changed in May 2018 after a major Supreme Court ruling legalizing sports betting. The ruling overturned the Professional and Amateur Sports Protection Act that prohibited states from authorizing sports gambling. The 2018 ruling of the Supreme Court established the Professional and Amateur Sports Protection Act as a way of stifling state sovereignty. Since the ruling, legal sports betting has spread across the US.

Currently, a mere five years later, Americans have reportedly spent over $220 billion on bets, leading experts to declare that in the future, there may be no need to travel down to Las Vegas to place a bet on the Super Bowl. The change in legalities has caused concern for many experts involved in the field. Tony Clark, the executive director of the Major League Baseball Players Association, said, “The decision has huge implications for baseball players.”. According to the New York Times, he believes that issues such as intellectual property concerns and player safety may affected due to the now widespread betting in the US. Matt Schuler, executive director of the Ohio Casino Control Commission, has expressed that the sports betting industry will not be able to police itself, encouraging more regulatory laws in the booming industry.

Formula Drift Betting: Legality and Regulations

Formula Drift betting is legal in all states where sports betting is legal in the US. The popularity of the Formula Drift series is rapidly enabling its inclusion by many online sportsbooks and bookmakers.

The regulations around Formula Drift betting are primarily focused on proper monitoring of the advertisements of the US betting industry, age guidelines, and cracking down on gamblers who threaten players. The legal age to engage in Formula Drift betting remains 21. Each state has set further regulations in place. New York has proposed new laws that will not allow any sports betting advertisements on college campuses. Sanctions on Formula Drift betting and other forms of betting have been imposed in Ohio, Massachusetts Connecticut, and Maryland. Maine’s new rules remain the most restrictive, demanding that betting advertisements can only be aired during live games. 

Formula Drift betting remains a legal practice across the US. However, there will likely be more regulatory efforts against the sports betting industry that may impact Formula Drift betting adverts.

States Where Formula Drift Betting Is Legal

At the time of writing, there are 13 US States have approved legal Formula Drift betting and any other sports betting. These states either have a free legal sports betting jurisdiction where as many sportsbooks are permitted or they have a limited sports betting jurisdiction where only a limited number of vendors are permitted to offer sports betting. That said, Formula Drift also has Underdog Fantasy which is a Daily Fantasy Sports (DFS) platform allowing Real Money Gaming on Formula Drift. 

Current Approved Formula Drift Legal Betting States:

  • Arizona
  • Colorado
  • Connecticut
  • Delaware
  • Kansas
  • Louisiana
  • Maryland
  • Michigan
  • Nevada
  • Oregon
  • Pennsylvania
  • Tennessee
  • Washington
  • Wyoming

States with Pending Legislation on Sports Betting

Some of the states haven’t fully sanctioned their sports betting laws while some others are dealing with petitions on the laws passed for the legality of Formula Drift betting. The states facing pending legislation are

  • Florida: In June 2023, a D.C. Circuit Court of Appeals overturned the ruling that had blocked legal sports betting in Florida. Legal sports betting should return to Florida soon.
  • Maine: A sports betting legislation has been passed since May 2022. No launch date has been set for the operation of sportsbooks and bookmakers in the state.
  • Missouri: Missouri has introduced various sports betting bills in recent years. However, no concrete action has been taken on the sports betting bills yet.
  • North Dakota: The most recent effort to legalize sports betting in 2019 was unsuccessful. North Dakota has only legalized tribal casino betting.
  • Oklahoma: Efforts to legalize sports betting in Oklahoma failed in 2022. There are no verified reports yet on the likelihood of a new motion to be moved in 2023.
  • South Carolina: The South Carolina legislative arm has proposed bills in the past that were not passed and no new actions have been taken. Currently, all gambling activities are still strictly restricted to casino riverboats. 
  • Texas: A proposed sports betting bill will be considered in the Texas legislature in November 2023. If passed, an amendment in the Texas constitution will allow a small number of facilities to offer sports betting.

States Where Formula Drift Betting Is Not Legal

The US states where Formula Drift and other sports betting are not legal and no legislative processes are ongoing are about eight in total. In many of these states, experts do not foresee any actions to be taken in favor of sports betting soon. 

The states where Formula Drift and other forms of sports betting are illegal are:

  • Alabama
  • Alaska
  • California
  • Georgia
  • Hawaii
  • Idaho
  • Minnesota
  • Utah

The Role of Responsible Betting and Awareness In Increasing the Legality of Formula Drift Betting

Responsible betting practices are key for the continued movement toward legalized sports betting in the United States of America. All stakeholders are responsible for upholding ethical and approved behaviors. Any behaviors that go against regulations or call disrepute to the practice will minimize the future possibilities of Formula Drift betting.

One such example of stakeholders not upholding a high standard of behavior is sportsbooks and bookmakers approaching universities for the opportunity to advertise on their campuses. This practice might entice individuals to gamble who are not yet financially stable or who are underage.

The legally authorized age for betting in the US is currently 21 and no one under that age should be allowed or encouraged to place a bet if the sports betting industry’s cause is taken seriously. You are therefore expected to confirm the legality of sports betting and Formula Drift betting before making efforts to place a wager. 

Stakeholders should raise awareness and engage in responsible and legal betting so that the following can be achieved:

  • A safe and secure world where Formula Drift drivers and other sportsmen are not threatened by the effects of winning or losing a game.
  • No sign of desperation on the part of industry stakeholders to increase their earnings by attracting minors and vulnerable US citizens to sports betting.
  • Public efforts to denounce and prevent problem gambling for all bettors.
  • Widespread education on the risks associated with sports betting
  • Awareness of the potential benefits of Formula Drift betting if engaged responsibly.

If done, these efforts will serve as a driver for securing regulatory approval for sports betting in more states in the nation. It will build trust between the betting industry stakeholders and government officials, thereby paving the way for further legalization.

Conclusion

Sports betting is spreading rapidly across the United States. Since the 2018 Supreme Court ruling, that overturned the Professional and Amateur Sports Protection Act, more than 30 states have legalized sports betting.

In the states that legalized sports betting, the campaign for widespread adoption of legal sports betting has been reasonably successful. Formula Drift betting is also gaining popularity along with the growth of sports betting in the US. 

Although the path towards widespread legalization has been impressive, there are also concerns about issues such as intellectual property, player safety, and not advertising betting to minors. Therefore, efforts to ensure responsible betting practices and more awareness about the dangers of betting must be ensured by the betting industry stakeholders.