ATLANTIC CITY, N.J. (AP) — States around the country are realizing what gamblers figured out long ago: The future of sports betting — and tax money to be made from it — is online.
But they’re also realizing that extra tax money isn’t nearly enough to turn seas of red ink into black. That was the case even before the coronavirus pandemic blew huge holes in state budgets.
Currently, 15 states plus Washington, D.C., offer mobile sports betting, and several others are considering adopting it. New York is poised to become one of the largest markets in the U.S., passing