Super Bowl

Sports Betting Has Risen Tenfold in Three Years

TECH PLUS THE POINTS –

Feb. 10, 2023 – The Supreme Court ruling struck down a federal law that had banned most commercial sport wagering outside Las Vegas. The subsequent spread of legal gambling was stunningly swift.  

Lobbyists pampered state lawmakers with parties and promises, predicting millions in new tax dollars. Much of the promised revenue hasn’t reached the states, according to a New York Times investigation. 

But gambling dollars have reached the betting operators. The industry reaped $4.3 billion in revenue on $57 billion in wagers in 2021. In the first 11 months of 2022, Americans bet $83 billion on sports and delivered $6.6 billion to betting firms. That figure is 15 times what the sports gambling industry reaped in 2018.  

Click@TheHill

Leonard Buschel

Recent Posts

An Interview with NuQI’s John Wright

EMR MATTERS – October 2024 - The challenge is that many in the behavioral health…

11 hours ago

California Wants Social Media To Have ‘black box warning’ For Kids

TOO LITTLE, TOO LATE? – Dec. 19, 2024 - Assembly Bill 56 (AB 56) proposes…

3 days ago

Lily Allen Shares the Moment She Hit ‘Rock Bottom’

AND STOPPED DIGGING – Dec. 4, 2024 - In a new interview with The Times,…

3 days ago

170 Million Americans Learn Deadly Toxin is Toxic

NOT JUST IN PENCILS – Dec. 8, 2024 - Americans born before 1966 experienced “significantly…

3 days ago

Famous Child Star After Opening Up About Addiction

AS SUCCESSFUL AS EVER – Dec. 3, 2024 - Family Affair actor Johnny Whitaker looked…

3 days ago

Top 10 Things Families Can Do to Avoid Common Rehab Pitfalls

ALANON Plus – Dec. 7, 2024 - A high percentage of treatment failures occur due…

3 days ago