Notable sports betting regulators from New Jersey, Massachusetts, Tennessee, Michigan, and other states spoke to several crowded rooms during panel discussions Monday at G2E in Las Vegas, the nation’s biggest annual gaming conference.
The regulators shared insights on their jobs and what it looks like to regulate sports betting in 2023. The challenges facing regulators have shifted over recent years, and their job descriptions and day-to-day work looks different than it did just a couple of years ago.'
One of the key takeaways: Regulators need to constantly adapt to a changing sports betting market.'
Legislators dramatically alter markets
Some states have wasted no time in drastically changing a state's new sports betting market through legislative action. Ohio, for example, doubled its tax rate less than a year into its retail and mobile sports betting market going live.'