Sports betting is sweeping across the country since the Supreme Court struck down restrictions on gambling activities in 2018.
Nineteen states have legalized some form of betting on sports, and at last count, 17 states had bills pending that would open up the state for betting on sports.
It’s pretty much a “have to do it” item.
Those states that dig in their heels and maintain their nanny state status are going to see residents cross the line into the next state to make bets, and all the tax dollars associated with gambling will go there instead of filling home state coffers.
The plain truth is that just like with cannabis legalization on a state level, allowing sports betting has nothing to do with public good or safety.
It’s all about the Benjamins.
States need the tax revenue, and it’s a lot easier to collect money form willing bettors that it is to raise income or sales taxes.
Infrastructure needs to be repaired, and school systems are chronically short of money across the United States.
For many states, today, having a stoned citizenship that is betting on the hometown teams to win every day is their only hope of making up budget shortfalls.