On Tuesday, February 13, Adam Grundy (supervisory statistician in the U.S. Census Bureau’s Economic Management Division) published an article entitled “Quarterly Survey of State and Local Tax Revenue Shows Which States Collected the Most Revenue from Legalized Sports Betting.”
According to Grundy:
New York was the state with the largest share of the nation’s tax revenue in the (third) quarter of 2023: $188.53 million or more than 37% of total tax revenue and gross receipts from sports betting in the United States. Indiana ($38.6 million) and Ohio ($32.9 million) followed.
From https://www.census.gov/library/stories/2024/02/legal-sports-betting.html.
Are you wondering why populous states such as California and Texas don’t appear on the list? That’s because sports betting is only legal in 38 states and the District of Columbia.
Sports betting in any form is currently illegal in California, Texas, Idaho, Utah, Minnesota, Missouri, Alabama, Georgia, South Carolina, Oklahoma, Alaska and Hawaii.
From https://www.forbes.com/betting/legal/states-where-sports-betting-is-legal/#states_where_sports_betting_is_illegal_section.
Sports betting was not legal in Florida during the 3rd quarter of 2023, but was subsequently legalized.
Which returns us to California and Texas, opposites in many ways, who are agreed in the opinion that sports betting is undesirable.
But the remaining states that allow sports betting need to ensure that the gamblers meet age verification requirements. (Even though they have a powerful incentive to let underage people gamble so that they receive more tax revenue.)
If your identity/biometric firm offers an age verification solution, and you need content to publicize your solution, contact Bredemarket.
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