Montana Lottery Sports Betting
HELENA — The Montana Lottery Commission has approved the types of bets that will be available when legal wagering on professional and collegiate sporting events begins.
- Montana Sports Betting Kiosk Locations
- Montana Lottery Sports Betting Results
- Montana Lottery Sports Betting Parlay
- Montana Lottery Sports Betting
In addition, lottery officials said the installation of betting terminals could begin as soon as next month.
Montana Sports Betting Kiosk Locations
Since the Montana Lottery has total oversight over sports betting in the state, Sports Bet Montana is the only available option. That means other online sportsbooks like DraftKings, FanDuel or BetMGM cannot launch in the state. Sections 1 through 18 may be cited as the 'Montana Sports Betting Act'. Unless the context requires otherwise, as used in sections 1 through 18, the following definitions apply: (1) 'Adjusted gross sports betting receipts' means a sportsbook operator's gross sports betting. GREAT FALLS — Sports betting in Montana is moving closer to becoming a reality, as the Montana Lottery has begun accepting licenses from businesses that want to offer Sports Bet Montana, the.
Under the decision Wednesday, betting will be allowed on basketball, baseball, ice hockey, football, soccer, tennis, boxing/mixed martial arts, golf and motor sports.
Sports Bet Montana will allow wagering on head-to-head events with or without a point spread; over/under bets on the total score of a contest and in-game betting on specific events. It will also accept parlay bets; bets on specific outcomes, such as a hole-in-one at a golf tournament; and future wagering such as betting on a team to win a series or a championship.
The maximum bet allowed at a kiosk, where only cash bets can be taken, is $250, lottery officials said. People can bet up to $1,000 via an app while inside a licensed location by creating an account tied to their bank account. Credit betting is not allowed.
Under the rules, the maximum payout on a single bet is $100,000.
The lottery has received about 230 applications for sports betting licenses and had issued 113 through Wednesday, including 16 in Billings, 11 in Missoula and 10 each in Helena, Great Falls and Butte.
The Montana Lottery expects to begin installing betting terminals at licensed locations during the week of March 9, officials said. Once employees at the locations have received training, the terminals will become operational. Officials declined to say how quickly that might happen.
The Montana Legislature approved the sports betting law in 2019, a year after the U.S. Supreme Court struck down a federal law that prohibited most states from authorizing sports betting. The court said it was up to the states to make their own laws.
Launch looms closer
Sports betting is moving forward in Montana. Now that the rules for implementation have been finalized in the state, Montana Lottery has opened the application process for sports betting licenses.
Businesses that want to offer Sports Bet Montana, the lottery’s new sports wagering product, can now apply for a license to offer wagering on professional and college level sporting events.
Roll out of Sports Bet Montana
The Montana Lottery published the rules for sports betting earlier this month, which opened the door for licensing to begin. Locations must meet specific requirements to apply. The rules state that a location must have a proper alcohol license to allow gambling.
around 1,400 businesses would qualify to offer sports betting services
In general terms, this would be a bar or tavern. In the state, around 1,400 businesses would qualify to offer sports betting services. Applications are available on the Montana Lottery website.
Once businesses are approved for licensing, the lottery will begin training across the state. This will be followed by betting kiosks being installed at licensed locations. Gambling is only allowed at locations with licensing.
Players will be able to download an app via a mobile device to access betting lines. However, wagers will only be accepted inside a licensed location or kiosk.
Montana Lottery Sports Betting Results
Official rules approved
According to VSO News, the Montana Lottery Commission approved the official rules for sports betting during their November 21 meeting.
The rules document was 18 pages long. Officials announced the name of the services at that time, revealing the Sports Bet Montana moniker.
with the licensing process just beginning, it is doubtful that wagering will start before 2020
Montana Lottery Sports Betting Parlay
Part of the rules included responsible gambling measures. Players can set deposit and spending amounts. Participants have time limits available to practice responsible betting. A list is also available for players to add their name if they wish to be excluded from creating an account for online sports betting.
Montana Lottery Sports Betting
It is unclear when wagering will begin. Earlier in the year, the Montana Lottery estimated that gaming would begin before 2019 ended. But with the licensing process just beginning, it is doubtful that wagering will start before 2020.