A fall without college football could be just as wounding to state tax collectors as it would be to fans—costing sports betting states about $1 billion dollars in bets.
The sports betting industry, which generated $118 million in taxes last year, stands to lose one of its most essential revenue drivers as officials from the Big Ten and Pac-12 on Tuesday voted to postpone all fall sports indefinitely until at least the spring. The industry has already struggled in recent months because of other postponements and shortened seasons.
The move, stemming from concerns over the coronavirus pandemic, would deal a ...
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