In statehouses across the country, sports betting is the hot topic, with online casinos and poker have been traveling in its wake. But another form of online gambling has stealthily spread on a parallel track: online lottery.
Move over New Jersey and Pennsylvania, there’s a new sheriff in town, and its name is Michigan. And suffice it to say, when it comes to online gambling, Michigan isn’t messing around.
There’s a lot of talk about the revenue potential of legal sports betting, but in terms of the overall gambling industry, sports betting is one piece of a much larger puzzle. That said, sports betting’s contributions are difficult to measure, particularly in the retail setting.
Connecticut is at the top of two gambling expansion lists in 2021, sports betting and online gambling. The current vehicle is a placeholder bill, SB 146, introduced by Sen. Cathy Osten. Osten’s bill is light on details, but the critical parts are in the statement of purpose: “To authorize sports wagering, internet gaming, internet lottery…
High tax rates and licensing fees were supposed to stymy the Pennsylvania sports betting and online gambling industries. Revenue numbers, particularly the tax revenue the state is collecting, suggest otherwise.