Betting on the NFL, the NBA, Major League Baseball, the NHL and other sports is scheduled to become legal Friday in Colorado, and with it a new 10% tax on net gaming proceeds.
But legalization is beginning with a whimper in the Covid-19 pandemic, with no major live sporting events and all of the state’s casinos shuttered. With that, revenue from the new tax will be a tiny fraction of what was projected, given that sportsbook operators are relying on Taiwanese baseball, Chinese table tennis, Belarussian soccer, and competitive darts out of ...