The highly anticipated boxing match between Mike Tyson and Jake Paul is expected to be a major event for sports betting this year, with many enthusiasts eager to place their wagers. However, at least six US states have decided to ban betting on the fight due to its non-standard rules.
Out of the 38 US states that have legalized gambling, New York, Pennsylvania, Colorado, Kentucky, Louisiana, and Vermont have all prohibited sportsbooks from accepting bets on the Tyson vs Paul fight. The reason behind this ban is the unconventional rules of the match. While the Texas Department of Licensing and Regulations has classified the bout as an official heavyweight fight, there are significant deviations from the standard rules. For instance, the rounds will only last for two minutes instead of the usual three, and 14-oz gloves will be used instead of the standard 10-oz ones.
The Pennsylvania Gaming Control Board has described the fight as “more of an exhibition,” leading to their decision to disallow any betting on the event. Similarly, a spokesperson from the Colorado Department of Revenue stated that the match “does not meet the minimum requirements for the industry in the state,” further justifying the ban on wagers.
Despite the restrictions in these states, betting lines at FanDuel indicate Jake Paul as the favorite with odds of -205, while Mike Tyson is offered at +168. BetMGM has expressed their anticipation for the fight to generate the highest amount of wagers in the history of their sportsbook.
Overall, the Tyson vs Paul fight promises to be a significant event in the world of sports betting, with enthusiasts eagerly awaiting the outcome. While some US states have chosen to ban betting on the match due to its non-standard rules, the excitement and anticipation surrounding the event remain high among fans and bettors alike.