Analysis

Why Tribal Sports Betting Hasn't Taken Off

Law360 (April 22, 2019, 8:09 PM EDT) -- Native American tribes are reluctant to jump feet first into sports betting, worried about renegotiating their state compacts, dealing with inexperienced legislators and earning little profit, despite the temptation of a massive new gambling market.

Tribes' hopes were stoked by the U.S. Supreme Court's decision last May to strike down a federal sports betting ban, as tribes with established casinos looked to parlay their expertise in gambling into a share of the new market, which hit $1 billion in legal bets in January according to data from the American Gaming Association.

But the anticipated boom hasn't panned out for tribes, as...

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