should more states legalize online gambling

gross domestic product (GDP) annually, depending on which states legalize it and their specific tax rates. In fact, regulated sports betting market could potentially add $2.9 billion to the annual profit of casinos nationwide-and that’s only the beginning of the economic benefits.Ī 2017 Oxford University report found that the legalization of sports betting would contribute between $11.6 billion and $14.2 billion to U.S. economy, which would benefit casinos that are going bankrupt nationwide. Legalizing sports betting can keep that money in the U.S. The other 97 percent is mostly wagered using international betting applications.Īdditionally, a legal sports gambling system would create 125,000 to 152,000 jobs.

Americans bet an estimated $4.76 billion on Super Bowl 52 in February, with only three percent of that fortune gambled legally. While the idea of state-sanctioned sports betting may worry some conservatives, they’d be surprised to know just how frequently it was already happening under the table. As a result, Americans can now gamble on sports in Nevada, Delaware, New Jersey-and many more states to come. NCAA, which struck down a federal ban on sports wagering and gave states permission to decide on the matter for themselves. These decisions came in the wake of the Supreme Court’s May ruling on Murphy v.

Just one week prior, National Basketball Association (NBA) commissioner Adam Silver announced a partnership with the gambling company MGM Resorts International, making them the official gambling partner of the NBA. Sports betting made headlines on August 8 when Buffalo Wild Wings announced it was exploring the idea of adding sports betting to its unique restaurant experience. The legalization of sports betting at the state level is worth celebrating for anyone who wants to see the U.S. With sports betting making waves in the news sphere, it seems advocates for the legalization of sports wagering have hit a lucky streak-and gambling fans shouldn’t be the only ones excited.

Should more states legalize online gambling