Best Bet for Gambling: Targeted Game-by-Game Gross Revenue Taxes

There is almost no question that a gambling crisis is looming—just a question of how bad it will be. Tax policy needs resources can be in place to catch vulnerable individuals when they fall.

Gambling is big business—like, really big. The American Gaming Association tracks commercial gambling revenue and found it to have reached $5.06 billion in the month of July 2022 alone. That’s on pace, despite problems in the economy as a whole, to have another record-setting year. The transition from physical casinos to virtual casinos and increasingly cozy relationships with major sports leagues is partly behind the ...