Under-the-table NFL and college football wagers top $95 billion each year, according to the ESPN sports network. Much of the money is slated to go toward schools, highways and other pressing state needs. Though some experts are skeptical, states believe the new tax revenue will make a big difference in their budgets. New Jersey and Nevada have online sports betting, while the other states are hoping to add online wagering in the future, some with the caveat that the bettor must be in that state. A couple dozen more states have sports betting bills awaiting the 2019 legislative session. Rhode Island and Pennsylvania, which passed laws legalizing betting on sports but have not yet opened the wagering, will be next, likely before the end of the year. (Nevada was granted an exemption from that law, and sports gambling has been legal there off and on since the 1930s.) Supreme Court in May struck down a 1992 federal law barring sports betting in most states. Those four states legalized sports gambling after the U.S. In the past three months, Delaware, Mississippi, New Jersey and West Virginia all began allowing sports betting parlors, mostly attached to already-operating casinos or race tracks. Are you ready for some football? How about some football bets? With the opening of the NFL season, states that recently legalized sports gambling are hoping to cash in through increased tax revenue.
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