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Sports betting in Kentucky is expected to increase the state's revenue by about $23 million a year. Here's what early sports wagering numbers says. Starting 5: Kentucky sports wagering revenue ...
Sports betting in Kentucky is expected to increase the state's revenue by about $23 million a year. Here's what early sports wagering numbers says.
The American Gaming Association, an industry trade group, states that gaming in the U.S. is a $240 billion industry, employing 1.7 million people in 40 states. [2] In 2016, gaming taxes contributed $8.85 billion in state and local tax revenues.
Kentucky’s tax revenue from sports betting will help fund the state pension system, with a slice going toward treatment for gambling addiction. By law, the state’s tracks will oversee sports ...
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Lotteries in the United States
History of gambling in the United States
The state legalized sports gambling in 2019 and last year it earned just over $1.5 billion in tax revenue from online sports betting operations and casinos. By comparison, the state lottery, which started operating in 1974, had revenue of about $2.32 billion in 2023. The new policy puts Illinois’ top tax rate for online sports gambling ...