Report: Legalized gambling not a slam dunk



July 20, 2018 - 11:00 PM

A court ruling has cleared the way for more states to legalize sports betting, but it may not provide much revenue to government. KCUR.ORG FILE PHOTO

A new report finds legalizing sports gambling could boost revenue for states like Kansas, but any windfall is likely to be brief.

Sports gambling began to tempt lawmakers after a U.S. Supreme Court ruling legalized it earlier this year. The report released Thursday from the Pew Charitable Trusts said sports book likely won’t be a magic pill to cure state budget issues.

Mary Murphy, one of the authors of the study, said tax collections from sports betting may not be new revenue. Rather, it’s likely to be money cannibalized from places such as casinos and the tax proceeds they generate. That’s based on past experiences when gambling has been expanded.

August 13, 2021
January 31, 2020
April 30, 2019
May 14, 2018