According to the Pew Study Center, 19% of U.S. adults revealed that they have bet money on sports in the previous year (Gramlich l). This statistic demonstrates the American public’s growing interest market. With the development of the sports betting marketplace, state governments have utilized the opportunity to tax sportsbooks. On the net sports betting provides added benefits to the state government by means of tax income that improves conditions of society. By implementing a new industry into a state that can be taxed, the government can improve their income devoid of escalating state taxes on their people today. This tax income has been utilized by state governments for their basic funds, social services, schooling, or statewide projects. In addition to this, the U.S. federal government has enhanced funding to social safety and medicare. The tax revenue generated from sports betting has given state and federal governments larger budgets to distribute from.
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