Sports betting is now fully legal in 36 states, and betting on your favorite team is easier than ever with apps on phones and computers. But the rise in sportsbooks corresponds with a sharp rise in gambling addiction and the financial distress that follows.
Governments an enamored by the rise in sports books because it brings billions in new tax revenue. Sports betting is one of the biggest boons in new tax revenue many states have seen in decades.
Since the Murphy v. National Collegiate Athletic Association Supreme Court ruling, nearly half the states rushed headlong into sports betting, and these early birds have raked in billions in revenue.
Nevada, Pennsylvania, and New Jersey are the biggest states for sports gambling tax revenue. As Breitbart News reported in 2021, Nevada pulled in more than $61 million in taxes in 2020, while New Jersey saw…