Massive support for sports betting in U.S
News & Trends •
it will now be a race to see who can benefit the most and the earliest from this changed landscape1 half of americans favour legalising sports betting across the u. s. largely because they support the additional tax revenue it could bring for states according to the results of a poll released on friday1 a monday ruling from the u.s. supreme court overturned a 1992 law that banned sports wagering except in a few places including nevada1 that opened the door to other states that might want to regulate and tax the wagers1 five states already have laws in place that will allow them to move quickly to build a regulatory framework for the betting1 meanwhile 14 others introduced sports gaming bills in recent legislative sessions according to fitch ratings1 lawmakers in new jersey which took the case to the high court are working on bills that will create a regulatory framework and set tax rates there1 they are working on the bill with the hopes of rolling out sports betting at casinos and racetracks in coming weeks1 respondents to the poll conducted by new jersey-based fairleigh dickinson university poll also believe it should be expanded because people were already betting illegally anyway1 new jersey may have a head start but other states will soon be looking to pad their budgets krista jenkins who directed the poll said in a statement1 on wednesday churchill downs inc signed a deal with sbtech a sports betting platform which will allow the gaming company to offer bets on events in new jersey pennsylvania and mississippi1 by a two-to-one ratio poll respondents did not believe states should share some of the tax revenue from sports betting with professional leagues1 such leagues have sought a so-called integrity fee that would give them a portion of bets taken1 however just over a third of poll respondents opposed the expansion of sports betting altogether most commonly because of fears it will spread gambling addiction1 respondents fear it will commonise organised crime and will make sporting events less fair. ten per cent responded dont know when asked if they supported the move1 the random sample of adults nationwide was conducted from april 25 to may 1 by landline telephone and cell phone and has a margin of sampling error of 3.9 percentage points. reutersnan1