Bloomberg Tax
Feb. 5, 2020, 6:08 PM

Sports Betting Rakes in $118 Million in Full First Year

Sam McQuillan
Sam McQuillan

Americans legally bet $13 billion on sports in 2019, the first full year they could do so outside of Nevada, according to a report from the American Gaming Association.

That resulted in $118 million in tax revenue across the 14 states that allow it.

According to the report, states have collected a total of $152 million in tax revenue off of the $17 billion bet legally on sports since the Supreme Court overturned the Professional and Amateur Sports Protection Act in 2018—allowing states other than Nevada to regulate the industry. Legal sports betting is set to go live in at ...