Published
OnlineFinancialSports Betting

New analysis shows how much each state could earn from gambling taxes

Sports gambling has been on the rise in the US, but many states are still against it and are sceptical about lifting wagering restrictions, or refuse to approve gambling licences.

usamoney

 

Most US states do permit gambling in some capacity, but less than half the states have legalised sports wagering and even fewer states have “a full online sports betting set-up."

 

While Massachusetts, California, and Texas have introduced bills that propose to authorise mobile and in-person sports gambling, some other states (such as Arizona, Connecticut, Louisiana, and more) are currently working on launching sports betting this fall.

Utah, however, is one state that is not likely to collect gambling taxes any time soon, as it maintains a strong anti-gambling position (written in the state’s constitution), even while the rest of the nation is slowly looking into ways of approving gambling licences.

Reports from America’s major betting hotspot, Las Vegas, showed $7.87bn in gambling revenue in 2020, and it’s estimated that 20% of the city’s annual visitors come from California (where sports betting is still prohibited).

After a close analysis of the gambling data, The Action Network has released a report that predicts how much tax revenue each state could collect per year. Data from the report places California on top of the list with $331.1m (projected tax revenue) and Michigan on the bottom of the list with $1.7m.

The analysis was based on the same parameters used by New Jersey, which has full online betting and a competitive market of operators, and the numbers only refer to tax revenues; advertising and marketing income is not included.

Premium+ Connections
Premium

1xBet Partners

 
Premium

PIN-UP Partners

 
Premium

Revsharks

 
Premium

Imagine Live

 
Premium

Sport Generate

 
Premium

RISK

 
Premium

Galaxsys

 
Premium

Digitain

 
 
Premium

GammaStack

 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...