Report: States Missing Out on Billions in Sports Betting Revenue

Since the Supreme Court struck down the federal sports betting ban in 2018, the industry has transformed from a $6.6 billion market ... Read More

2024: A year of growth for sports betting revenue

Sports betting is certainly hitting its stride in the United States, as we saw a massive increase in handle and tax revenue from 2023 to 2024. More than three quarters of the U.S. allows sports ... Read More

This state made $2 billion in tax revenue from sports betting last year - Morningstar

Sports-betting tax-revenue figures for 2024 will be available sometime in 2025, but early indications are that the states seeing the most dollars wagered in 2024 are mostly the same as in past years. Read More

New Jersey lawmakers agree on sports betting, online casinos tax increase

The tax increase from 15% for online casinos and 13% for sports betting to a uniform 19.75% comes as the state's online gaming and sports betting industries generated $2.9 billion in revenue in 2024. Read More

Opinion: Local government, the last line of defense against the scourge of sports gambling - MSN

But when it comes to statewide operations like the lottery or sports betting, cities do not directly benefit from gambling revenue like state governments do (Baltimore’s law firm confirmed to ... Read More

Several States Seek Gambling Tax Increases - Poker News - CardPlayer.com

In Maryland, Gov. Wes Moore’s new budget includes a boost to the state’s online sports betting tax rate. Moore wants to double the tax rate from 15% to 30% in the hopes of helping to shore up ... Read More

When It Comes To Sports Gambling, You Can Bet The IRS Is Paying Attention - Forbes

Background. Not all gambling is illegal, although that wasn’t always the case. That’s especially true when it comes to sports. Beginning in 1992, the Professional and Amateur Sports Protection ... Read More

Proposition JJ would allow Colorado to keep sports betting tax revenue - The Denver Post

Tax revenue from sports betting is estimated to be $30.2 million in budget year 2024-2025 and $31.5 million the following year, according to the Blue Book. The passage of Prop. Read More

In Depth: Oklahomans losing out on revenue due to lack of sports betting | News - fox23.com

While millions in other states get ready to place bets on the OKC Thunder in the NBA Playoffs, Governor Kevin Stitt said sports betting likely won’t happen until he’s out of office and a new ... Read More

Sports betting tax revenue will help Hickory baseball field get a new batting cage

Newton and Maiden have also received amateur sports grants for soccer field and equipment upgrades this fiscal year. Read More

This state made $2 billion in tax revenue from sports betting last year - MarketWatch

The amount that states tax sports bets ranges from 6% to 51% Last Updated: Aug. 28, 2024 at 2:09 p.m. ET First Published: Aug. 27, 2024 at 3:06 p.m. ET Share ... Read More