August 23, 2023

Modeling the Economic Impacts of Online Sports Betting

August 04, 2023

Modeling the Economic Impacts of Online Sports Betting

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Online sports betting has generated a significant amount of tax revenue for the states that have legalized it in the United States. 37 states have legalized online sports betting, and each year the industry grows dramatically. From 2021 to 2022 there was almost a $1 billion increase in state tax revenue from gambling, bringing it to $1.5 billion for the year nationally ( In areas where online sports betting has not been legalized, illegal gambling can be accessed that results in a loss of potential tax revenue for that state.

In this webinar, Julian, Owen, and Daniel, will discuss the positive and negative outcomes of online sports betting legalization using REMI Tax-PI as a base for their economic analysis. They will use the state of Florida as a case study, where online sports betting is not currently legal but is currently a topic of discussion. We encourage anybody with an interest in sports betting, tax policy, or revenue and budget forecasting to attend this webinar.