gambling

State Policymakers Should Understand the Odds Before Subsidizing 'Free Bets'

At the beginning of “Rounders,” a movie about poker, the lead character describes an important rule of gambling: “If you can’t spot the sucker in...

August 28, 2023Richard C. Auxier

State and Local Issues: TaxVox

Six Reasons Why States Shouldn’t Be Counting Their Sports Betting Tax Revenue Yet

Will the Supreme Court’s decision allowing states to legalize sports betting be the tax revenue jackpot that some states hope for? Perhaps, but plenty of...

May 16, 2018Howard Gleckman

State and Local Issues: TaxVox

States Bet On Revenue From Fantasy Football, But Don't Call It Gambling

The NFL season kicks off this week with all 32 teams in action, but the focus for many fans will be on the fantasy teams...

September 7, 2017Richard C. Auxier

State and Local Issues: TaxVox

Nearly All States Play the Lottery, But None Are Big Winners

Wyoming residents no longer have to cross the border to purchase Powerball tickets. On Aug. 24, Wyoming became the 44th state to legalize a lottery. Proponents laud these games as an easy source of funds for schools and other public services. However, lotteries are often a bad bet: Revenues are

September 9, 2014Richard C. Auxier