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Phys.org

Mangalore / Phys.org

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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.

6 Nov 2026 10:50 pm