Topic
state revenue
2 stories related to this topic, newest first.
Benzingafinance24 days ago
Prediction Markets Generate $1B in Taxable Activity
The American Gaming Association estimates states and tribes have lost over $1 billion in tax revenue to prediction market platforms. Association president and CEO Bill Miller said the platforms function as unregulated sports betting and called the CFTC a rogue agency.
SQ
Substrate placeholder — needs reviewscience72 days ago
Rise of Sports Betting in US States Follows 2018 Supreme Court Decision
The US Supreme Court overturned the Professional and Amateur Sports Protection Act in 2018, allowing states to legalize sports betting. As of now, 40 states have legalized it, with 32 permitting online betting. This development occurred amid state budget needs during the COVID-19…