Legal sports betting a growing source of tax revenue for many states in US
Wednesday 14 de February 2024 / 12:00
⏱ 2 min read
(New York).- Legalized sports betting is a growing business in many U.S. states and the tax revenue it generates funds various state resources from roads and highways to public education, law enforcement and gambling addiction programs.
The Super Bowl just took place on February 11 but there are many more big sporting events on the roster this year from March Madness to the World Series. So just how much tax revenue and gross receipts come from sports betting in states where it’s legal?
The U.S. Census Bureau’s Quarterly Survey of State and Local Tax Revenue (QTAX) recently added sports betting (including pari-mutuels) to the extensive list of state and local tax revenue sources it already tracks.
Sports betting became possible in May 2018 when the Supreme Court struck down the Amateur Sports Protection Act. Since then, 38 states as well as the District of Columbia and Puerto Rico have legalized some form of sports betting though not all have implemented it.
In the third quarter of 2023, the most recent version of the QTAX, sports betting generated national state level sales tax and gross receipts of $505.96 million, up 20.5% from the same quarter a year before, but down from $571.48 million the second quarter of 2023.
New York was the state with the largest share of the nation’s tax revenue in the second quarter of 2023: $188.53 million or more than 37% of total tax revenue and gross receipts from sports betting in the United States. Indiana ($38.6 million) and Ohio ($32.9 million) followed.
Sports betting became possible in May 2018 when the Supreme Court struck down the Amateur Sports Protection Act. Since then, 38 states as well as the District of Columbia and Puerto Rico have legalized some form of sports betting though not all have implemented it. Vermont was the most recent state to legalize it beginning January 11 of this year.
Categoría:Sportsbook
Tags: Sin tags
País: United States
Región: North America
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
NOVOMATIC drives the growth of the Colombian market at GAT Cartagena 2026
(Cartagena).- Following a standout participation at GAT Cartagena 2026, NOVOMATIC Gaming Colombia reaffirmed its leadership in the Latin American gaming industry by combining a strong technological showcase with the launch of linked progressive jackpots and active involvement in regulatory discussions shaping the future of the slot machine sector in the country.
Thursday 02 Apr 2026 / 12:00
Trade Associations and Governments in Latin America: The Gaming Sector Calls for Technical Dialogue and Regulatory Predictability
(Cartagena de Indias, SoloAzar Exclusive).- Cartagena de Indias was the stage for an intense debate on the role of gaming associations in shaping public policy, where regional leaders agreed on the need to strengthen dialogue with governments, warned about unilateral decisions that affect the sustainability of the industry, and proposed an evolution of trade associations into key technical actors in the region.
Wednesday 01 Apr 2026 / 12:00
Technology, AI and Traceability: Keys to the Future of Gaming at the GAT Expo Cartagena Suppliers Panel
(Cartagena de Indias, SoloAzar Exclusive).- Within GAT Expo Cartagena 2026, technology sector leaders analyzed the challenges and opportunities of the gaming industry during the panel “Innovation, Traceability and Control”.
Tuesday 31 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.