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US states see sports betting as new revenue source

Thursday, January 27, 2022

Significance

Since the Supreme Court struck down a federal ban on sports gambling in 2018, state governments have been moving to legalise online sports betting in their jurisdictions in hopes it will prove a significant source of new tax revenue.

Impacts

  • The federal government may be lobbied to modernise the Indian Gaming Regulatory Act to permit mobile betting on tribal lands.
  • State lotteries will increasingly find it challenging to keep up with commercial technology and marketing innovation.
  • Retail sports betting will be a ballot proposition in California this year, but a similar proposition in Florida is less likely.

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