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US sports betting taxes surpass $5bn as state receipts rise

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State tax revenue from sports betting in the US recently passed $5bn, reportedly, with more than 40% of the total—$2.15bn—generated in 2023. New York operators paid nearly $1.73bn into the state’s education fund over 26 months, while lawmakers in New Jersey and Illinois were considering tax increases.

The figures and proposed tax rises show the scale of state revenue and potential tax-policy changes affecting operators.

End-of-day close DraftKings (DKNG), USD, to 10 May 2024
Story date12 February 202410 May 2024

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Epic Research links sports betting legalisation to 61% rise in gambling disorders

Reportedly, an Epic Research study associates sports betting legalisation with an immediate 61% increase in gambling disorders. The research draws on examples including Pennsylvania and New Jersey.

A study by Epic Research has associated the legalisation of sports betting in the United States with an immediate rise in diagnosed gambling disorders, putting the increase at 61%. The research was reported on 9 October 2026. The study draws on examples from Pennsylvania and New Jersey, among other states, where the number of people seeking help for gambling-related issues has risen.

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