Quoted

May 14, 2020

Two Years After Supreme Court Ruling, Optimism Abounds For U.S. Sports Betting

The expansion of not only sports betting but internet gambling is expected to surge as legislatures reconvene after states reopen and lawmakers desperately search for new sources of revenue.

“My biggest concern going forward, particularly in these very tough fiscal times, is that legislatures are going to be tempted to kill the golden goose through taxes,” said James Trusty, a former U.S. Department of Justice official who is an attorney with Ifrah Law, a Washington, D.C. firm specializing in online gaming.

“It’s not so much which states want to regulate these games and welcome particularly mobile-based betting and sports betting in general but whether the legislatures get greedy as they feel that pent-up demand moving in that direction and cut too deeply into the margin.”