Friday, October 7

Tag: gambling

22 states where online gambling is legal | Entertainment
Entertainment

22 states where online gambling is legal | Entertainment

Sports betting is the most popular—and the most widely legalized—form of online gambling, generating $4.3 billion in gross revenue in 2021, according to the American Gaming Association. Twenty-one of the 22 states featured below have approved it.Among the other forms, six states have legalized online casinos, and online poker is now legal in another set of six states. Online gaming, or iGaming, brought in $3.7 billion last year. Legislators in four states not included on this list—Kansas, Maine, Maryland, and Ohio—have legalized online sports betting in recent months, but their laws have not yet taken effect. A fifth state, Florida, has also passed legislation legalizing online sports betting but has faced additional legal hurdles.Gambling online was ac...
State lotteries transfer wealth out of needy communities, investigation finds
Business

State lotteries transfer wealth out of needy communities, investigation finds

Over the past two decades, state lotteries have nearly doubled in size, driving a multibillion-dollar wealth transfer from low-income U.S. communities to powerful multinational companies.A nationwide investigation of state lotteries by the Howard Center for Investigative Journalism at the University of Maryland found that lottery retailers are disproportionately clustered in lower-income communities in nearly every state. The investigation's analysis of cellphone location data shows that the people who patronize those stores come from the same kinds of communities.Once rare, lotteries now operate in all but five U.S. states. Driven by more than a half-billion dollars in annual ad spending, lottery ticket sales have grown from $47 billion to $82 billion since 2005, according to La F...