Archive for the ‘State Page News’ Category

“Betting on sports has long been happening in the Gopher State — but in the shadows of illegitimacy rather than in the bright light of responsible and lawful behavior.”

In just five years New York has set the standard for regulated, legal sportsbetting. With some of the strongest consumer protections in the country, the state has demonstrated how legal and regulated sports betting can protect consumers, offer the critical transparency demanded to ensure integrity, and promote responsibility while also generating over $1 billion a year in tax revenue to support public education.

North Carolina collected $262 million in tax revenue since sports betting became legal two years ago.

Virginia’s proposed iGaming legislation (SB 118 and HB 161) doesn’t just address responsible gaming — the proposed provisions would become the gold standard of consumer protections for the United States.

The reality is that these legislative bills would put Virginia at the vanguard of responsible gaming by mandating the most robust consumer protections in the nation.

States like Massachusetts have chosen to bring a longstanding activity out of the shadows and into a transparent, regulated marketplace designed to protect consumers, preserve the integrity of competition, and generate dollars for public benefits such as education and health care.