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 tax revenue surges 382% as states expand legal markets
Kentucky ranks among the top five states where sports betting tax revenue makes up a significant portion of total state tax collections, as the industry continues its rapid expansion nationwide. 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
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
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
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
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
Sports bettors beware — Uncle Sam is coming for your wallet | EDITORIAL
Annapolis, like state governments across the country, has cracked open Pandora’s Box with sports betting. Odds and parlays have seeped into every corner of sports media. Whether you’re a die-hard ... Read More
Gilbert Villegas Rejects Chicago’s Sports Betting Tax Proposal
The Chicago City Council member said the increase of sports betting taxes earlier this year in Illinois has led to the decline of sports wagers. Read More
Chris Christie: Keep Sports Betting Legal
Mr. Christie served as governor of New Jersey from 2010 to 2018. After leaving office, he served as an adviser to DraftKings until 2021. When Major League Baseball and its sportsbook partners unveiled ... 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
Online gambling is everywhere. So are the risks
Online betting is more accessible than ever, with 14% of U.S. adults saying they bet on professional or college sports online either frequently or occasionally, according to a February poll by The ... 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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