Sports Gambling in the U.S.
Should betting on sports be made legal?
About $500 billion is wagered on sports in 1 year in the U.S
If taxed, gambling could provided a needed source of income for states. It could also provide and opportunity to build more casinos or places these actions could take place. Thus, legalizing sports betting could create jobs and help businesses surrounding the area.
Some people argue it would be unfair to tax because not everyone is participating in these sports betting. It could tax the lower class which would create these people to have even less money.
Make gambling legal
- Increased interest in sports
- Less criminals- can put more of an effort to stopping other crimes
- Allows for state income
- Helps out casinos or other local businesses willing to participate
- Creates jobs
- Taxes can be used for government programs, sports facilities, etc
Make gambling illegal
- May see an increase in rigging games
- More pressure on teams
- Taxes could put poor in more debt
- Gambling is an addiction that has many harmful effects
New Jersey case
New Jersey sought to legalize sports gambling in casinos and racetracks but was denied by the third circuit court claiming it violates the 1992 protection act. The state hoped to bring revenue and improve casinos by taking this step. The Supreme Court denied to hear the states petition following this.