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Where all the sports betting tax money actually goes

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2024-08-24

Where all the sports betting tax money actually goes

Legalized sports gambling lets state governments tax what used to be an illicit and off-the-books activity. But where does the money go, exactly? In some instances, not far: Arkansas allocates 17.5% of its taxed revenue to horse breeding awards and racing purses. And of the $2.7 billion the US states collected in the previous four quarters, less than 2% went directly to those arguably most in need: problem gamblers and the programs built to support them.

 

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