Unregulated sports betting hurts customers…and states 1d2430
Unregulated sports betting operators flourish in states where sports betting is not yet legal. These online platforms dodge U.S. laws that ensure consumer protection, age verification, and responsible gaming protections, putting customers at risk and depriving states of millions in tax revenue every year. s123y
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STATE OF PLAY: Sports Betting 5z2s14
Customers deserve access to legal, transparent, and consumer-protected platforms to enjoy sports betting online. That’s why SBA is working to end the offshore, illicit market for sports betting and create a consumer-protected online sports betting market in all 50 states.
We believe customers should have access to the benefits of legal sports betting with consumer protections and responsible gaming tools that do not exist on the unregulated market.
Recent Testimony b185l
TAKE ACTION 1r311q
STATE REVENUE 46y49
Sports betting generates $14 billion a year in new tax revenue for states where it’s legal and regulated. Bets made with unregulated sportsbooks cost states nearly the same potential revenue — roughly $13 billion in tax revenue is lost every year that could go to educating kids, building roads, or helping families afford college.
Recent Legislation 20s
LATEST NEWS w167
Are We Going to Tax Mobile Tax Betting Out of Business? -- Talk 107.3 FM f6e1f
The potential negative impact on the sports betting industry and the broader economy from Louisiana's House Bill 639, which proposes to increase the tax rate on sports betting in from 15% to 32.5%
Making the Case to Leave Sports Betting Alone -- Talk 107.3 FM 513d4x
A proposed bill on sports betting to significantly increase the tax rate on sports betting in Louisiana could have negative consequences for the industry and consumers. Listen to learn more
Column: Online sports betting already in play, now is time to regulate 83b19
Hawaii has the chance to get sports betting right by following the example of many mainland states in creating a strictly regulated and transparent sports betting market that can provide revenue for the state and protections for players
Ohio Governor Looking to Double Sports Betting Tax 4h4q6f
The move has raised many eyebrows, primarily because it could result in a decline in Ohio’s sports betting sector. There are also fears that a surge in betting costs could see sportsbook operators leaving the state and encourage bettors towards using illegal offshore sites
Ohio Warned Sports Betting Tax Hike Will Also Hurt Bettors 3g4g46
Ohio lawmakers are being warned that “Bob and Betty Buckeye” will also feel the pain of another doubling of the state’s tax rate for sportsbook operators, not just gambling companies
Hawaii Sports Betting Bill Takes Monumental Step o1a4n
Hawaii became the surprise of the legislative season as a sports betting bill advanced past the House on Tuesday. Lawmakers ed House Bill 1308 on Tuesday by a 35-15 vote. It’s the farthest a Hawaii sports betting bill has made it in the Aloha State