📈 Spiking taxes on sports betting is how you kill a winning market.
PA lawmakers say they’re chasing revenue, but this move could cost the state billions.
Read more here: https://t.co/7eRZO5imIg
Since 2022, every demographic group has grown more negative toward legal sports betting.
But young adults (ages 18–29) have shown the largest attitudinal shift, with negativity nearly doubling from 23% to 41%. https://t.co/D506EckTVl
There’s nothing harmful about structure and accountability. Legal betting means ID checks, spending limits, and tax revenue. Illegal markets mean chaos.
There is zero social benefit from legalized sports betting and enormous downside and legalizing it was one of the bigger mistakes of the last few years.
Thanks to legal sports betting, North Carolina’s $66.8 million in gross wagering revenue produced $12 million in taxes. That money goes to schools, public services, and health programs, not offshore operators.
https://t.co/71xEQHIxFl
Legal sports betting helps fund real-world wins: classrooms, roads, and first responders. $1B+ in state tax revenue this year from legal gaming proves smart regulation works. 🏈
Starting January 1, 2026, the deduction for gambling losses will be cut from 100 percent to 90 percent under the so-called ‘One Big Beautiful Bill’ … if someone wins $100,000 but loses $100,000, they will still be taxed on $10,000 of phantom income.
This change benefits shadow operators who don’t pay taxes or follow rules. Why punish legit sportsbooks to boost the illegal market?
https://t.co/jcQwITA1VS
‼️ This is what accountability looks like.‼️
Minnesota regulators told illegal and sweepstakes sites to either get compliant or get out. Legal sportsbooks follow rules, pay taxes, and protect consumers. Illegal operators protect no one but themselves.
https://t.co/h79Keoz8Cv
Promoting fear doesn’t change reality. Legal markets protect consumers. Offshore sites protect no one.
Licensed sportsbooks verify age, guarantee payouts, and fund state programs. Offshore books offer none of that — no ID checks, no accountability, no tax revenue. ❌
https://t.co/j5Uqws2DqU
NYT paints sports betting as runaway growth.
Reality: Gambling is still ~1% of household spending, the same as 2017.
Legalization didn’t inflate wallets. It shifted play into safe, regulated markets.
📖 Source: https://t.co/bFIfk1kqGI
🆕 Just in: New research shows that when we over-regulate legal sports betting, it drives people to the black market. Let’s keep it legal and safe with balanced rules.
https://t.co/GQO2OONK1V
The lesson is clear: over-regulation at home doesn’t protect consumers. It fuels the black market. Balanced, legal markets keep betting safe.
Read more here ➡️ https://t.co/GQO2OONccn
🆕 Just in: New research shows that when we over-regulate legal sports betting, it drives people to the black market. Let’s keep it legal and safe with balanced rules.
https://t.co/GQO2OONK1V