Gambling in the United States

The casino floor at Wynn Las Vegas in Paradise, Nevada

In the United States, gambling is subject to a variety of legal restrictions. In 2008, gambling activities generated gross revenues (the difference between the total amounts wagered minus the funds or "winnings" returned to the players) of $92.27 billion in the United States.[1]

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.[3]

In 2018, the United States Supreme Court declared a federal ban on sports gambling to be unconstitutional in Murphy v. National Collegiate Athletic Association.[4] In the years that followed, dozens of states legalized sports gambling,[5] and the sports gambling industry has recorded record profits year-by-year.[6]

Critics of gambling argue it leads to increased political corruption, compulsive gambling, and higher crime rates. Others argue that gambling is a type of regressive tax on the individuals in local economies where gambling venues are located.

  1. ^ "Industry Information: Fact Sheets: Statistics: Gaming revenues for 2007". American Gaming Association. Archived from the original on 2007-09-28. Retrieved 2007-05-19.
  2. ^ "About AGA".
  3. ^ "2016 STATE OF THE STATES" (PDF).
  4. ^ Liptak, Adam; Draper, Kevin (2018-05-14). "Supreme Court Ruling Favors Sports Betting". The New York Times. ISSN 0362-4331.
  5. ^ "Where is sports betting legal in the U.S.?". The Washington Post. 2022.
  6. ^ "Sports betting hits record $11B in 2023 revenue". ESPN.com. 2024-02-20.

© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search