Sports Betting News Opinion States Like Tax Revenue From Sports Gambling, But Must Deal With Its Affects The Washington Post
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Sports betting is delivering major cash for states — see what states are cashing in
Many states have eased restrictions on gambling over the last four years, resulting in huge sports betting sales tax revenues, according to the Tax Foundation. The tax revenue generated from sports ... Read More
State reports record high monthly gambling revenue, citing rise in sports wagering income
Anthony Procida enjoys betting on his favorite sports teams — namely the Minnesota Vikings and Penn State Nittany Lions. But Procida, 35, of Irwin said he knows himself too well to try out online ... Read More
States Anticipate Tax Revenue Boost as Sports Gambling Enters Festive Season
With the college and professional football seasons moving toward a climax, state governments stand to benefit from a surge in sports betting. Read More
Chicago Looks To Add 10.25% Tax On Sports Betting
Chicago's mayor wants a 10.25% tax on sports betting in the 2026 budget to help shore up an expected $1.2 billion deficit. Read More
How Is Sports Betting Playing Out for States? It's Complicated.

People wait in line to place bets after prop bets were posted at the Westgate SuperBook for Super Bowl 59 between the Kansas City Chiefs and Philadelphia Eagles, slated for Feb. 9, on Thursday, Jan. Read More
Missouri sports betting revenue: How much tax revenue could be generated in the first month?

After a years-long struggle, Missouri betting will launch for pre-registration on November 17 and for real-money betting on December 1. How much Missouri sports betting revenue will be generated, how ... Read More
Online Sports Betting Hits Missouri, Tax Bills Are Not Far Behind

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. According to Section 61 of the Internal Revenue Code, all income is subject to ... Read More
New York Sports Betting Weekly Handle Streak Ends, Revenue Continues to Pile Up

Sports betting in the most lucrative U.S. market took a significant week-over-week dip during Week 11 of the NFL season. New York’s online sports betting handle falls for the second consecutive week. Read More
Sports betting endangers teens like me — and holiday football adds to the risk

Teens are much more prone to developing a gambling addiction than adults are, writes high school senior Eli Senor. AP My family, like millions of American households, is spending much of this ... Read More
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