Analysing the financial blow to the offshore operator now that it is blocked in 15 jurisdictions.
Bovada could see a significant financial impact from 15 US markets – and counting – sending it cease-and-desist letters.
But maybe not in the way you would expect, according to one gambling expert.
Massachusetts recently sent a cease-and-desist letter to Bovada, the offshore betting megasite, joining Kansas, Pennsylvania and Louisiana as recent additions to its list of restricted markets. Anyone can find that list on its website under the “Which Countries are Restricted?” section – which only includes US markets and no other locations around the world.
These are the markets on that list (Massachusetts isn’t on there yet, but it should be soon):
Colorado
Connecticut
Delaware
Kansas
Louisiana
Maryland
Michigan
Nevada
New York
New Jersey
Ohio
Pennsylvania
Washington, DC
West Virginia
68% of regulated US sports betting market
The American Gaming Association estimated that Americans bet $6..