× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2017 AffiliateCon
NEWS 12 September 2017
Legalisation of sports betting set to generate $531m for Minnesota
By Caroline Watson
According to new research released by the American Sports Betting Coalition (ASBC) and the American Gaming Association (AGA), a legal, regulated sports betting market could bring as much as $531m in economic output to Minnesota’s economy.

The figures posted suggest that the legalisation of the unregulated market could support up to 3,093 jobs and generate up to $107m in tax revenue.

Momentum for a legalised sports betting market continues to grow. The US Supreme Court agreed this summer to hear New Jersey’s challenge to the federal sports betting ban, with a decision expected in 2018.

This month, AGA filed an Amicus brief in the court arguing that the failing federal ban on sports betting is fuelling an annual $150bn in illegal sports wagering.

The AGA’s brief argues that the Professional and Amateur Sports Protection Act (PASPA) “prevents States and tribal sovereign governments states from repealing or amending laws that their citizens no longer support”.

In addition, 19 states joined West Virginia in filing a separate Amicus brief in support of New Jersey’s case.

Across the country, legalising sports betting in the US would curb a conservatively estimated $150bn illegal market while supporting up to 152,000 jobs, creating an estimated $26bn in economic output and generating up to $5.3bn in tax revenue.

President and CEO of the AGA, Geoff Freeman comments: “Congress has a responsibility to fix the 1992 sports betting ban that’s failed.

“Lifting the sports betting ban has the potential to unleash millions for Minnesota’s economy, while adding thousands of jobs and millions in tax revenue.”
RELATED TAGS: Legal & Regulatory | Sports Betting | Industry
DISCUSS THIS ARTICLE
IN-DEPTH 21 February 2018
Blockchain: Better the Devil you know?
The battle of the blockchain rages on. The technology that underpins cryptocurrency has proved deeply divisive, both in the gaming industry and wider financial markets. Up until now blockchain has suffered from a reputation as a tool for circumvention of controls and a platform for the underworld, but could the decentralised and transparent nature of the technology transform the gaming landscape as it promises? We asked two of the world's leading experts on blockchain gaming if it has finally come of age
READ MORE
PREMIUM CONNECTIONS