Montana approves new sports betting product

The Lottery Commission has approved the rules for Sports Bet Montana, the new sports wagering product that will soon launch in the state.

US.- Sports betting keeps growing in the US as a major revenue generator. That’s why the Montana Lottery Commission has approved rules for Sports Bet Montana, its new sports wagering product.

Regulations will go live in the Montana Administrative Register, in one of its two monthly publications. They would allow for anonymous retail sports betting, while mobile bettors must sign up for an account.

The new rules also have a self-exclusion program included and personal deposit, spending and time limits.

Recent delays

While some states are already benefitting from sports betting operations, others are still discussing possible regulations. Montana was one of those states, as officials advanced that sports betting wouldn’t happen until the end of the year.

Angela Wong, director of the Montana Lottery talked to an interim legislative committee in September. She said that the timing depended on when the new regulations are done.

Montana became earlier this year the seventh state in the US to legalise sports betting after the US Supreme Court lifted the federal ban in May 2018. Representative Ryan Lynch, the sponsor of the bill, said that the goal was to kick off sports betting by the launch of the NFL season.