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States tax sports betting heavily, but gamblers may barely feel it

Sports betting has grown explosively since 2018, when a U.S. Supreme Court ruling struck down a federal ban on it. Now, Americans wager more than $165 billion on sports annually, contributing to an industry larger than state-run lotteries even excluding prediction markets such as Kalshi and Polymarket.

States tax sports betting heavily, but gamblers may barely feel it

We haven't written up this one. Phys.org has the full story — the link below goes straight to it.

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