The state of Washington has legal sports betting, and that state has also seen plenty of new operators enter the market recently. The Washington State Gambling Commission recently approved Caesars Sportsbook for a new license, and it will now be available in the state.
In order to enter the state of Washington, Caesars was able to reach a deal with three different casino properties. Those properties were the Muckleshoot Casino, Spokane Tribe Casino, and Chewelah Casino. This is important for Caesars because it will now be able to offer retail sports betting in the Eastern and Western parts of the state.
Caesars will be setting up a full retail sportsbook in each location, and self-service kiosks will also be available. Unfortunately, online sports betting is not included as a part of this deal, but Caesars would be in line to launch a mobile app if this became a legal option.
All three of these properties will give Caesars a great opportunity to expand, but Muckleshoot Casino is the biggest gaming facility in the state of Washington.
Still A Small Market
The state of Washington is still a relatively small sport betting market, and that’s due to the fact that all of the betting must be done in-person. Retail sports betting launched on September 9, 2021, just hours before the NFL season kicked off.
Not only does all of the betting have to be done in-person, but it also must be done on tribal property.
Caesars Growing After William Hill Purchase
Caesars has been a big name in the state of Nevada for years, but it only recently started expanding into other states. This process was expedited when Caesars Sportsbook purchased William Hill back in 2021, opening up plenty of new opportunities.
Because William Hill was already in a number of other markets, Caesars was able to take over those opportunities. That has given Caesars plenty of new revenue, and it helped lead to the company looking for a launch in the state of Washington.
There are no commercial casinos located in the state, and that is going to keep this market relatively small as well. Legal sports betting was approved back in 2020.
Odds to Win NCAA Championship
Now that the Super Bowl is over, the biggest focus in the U.S. sports betting industry will be on college basketball and the NCAA Tournament. This tournament is known for having some great betting options on each individual game, but making a futures bet and picking the winner is popular right now as well.
The Gonzaga Bulldogs are once again the betting favorite to win the NCAA Tournament as they have odds set at +475. Gonzaga should be a lock for a number one seed as they don’t have much competition in the West Coast Conference.
The Kentucky Wildcats (+825), Arizona Wildcats (+850), and the Auburn Tigers (+900) are the next three teams on the list. The Baylor Bears are the defending national champions, and they currently have odds set at +1400 to win the national championship.