Archive for the ‘Featured’ Category

By last year, [Pennsylvania] was collecting $1.05 billion in taxes from digital casinos, compared with $188 million from sportsbook apps. The revenue from casino games is significant: Pennsylvania’s entire state budget is about $50 billion.

The choice is clear: Illinois can preserve a stable, regulated marketplace by maintaining a tax structure that keeps operators and players in the legal market. Pushing players to bet more and shifting them to the black market are not desirable outcomes for anyone.

Legalized sportsbooks, and their cooperation with the NBA and law enforcement, are likely a big reason the scheme was uncovered at all.

High taxes push consumers toward offshore and illegal markets. If bettors feel squeezed by bad odds, fees and disappearing perks they may return to the unregulated platforms that are not burdened by punitive regulations.

Data from the Progressive Policy Institute shows “no sign of a tidal wave of bankruptcies or consumer credit downgrades in states that were early adopters of mobile sports betting.”

BBB study finds consumers confused, upset amid hundreds of unlicensed and unverified casinos and sportsbooks.