It’s time for all 50 states to officially open their doors to the world of betting and legalize sports betting. I don’t understand the hesitancy of state governments in doing so as the state’s economy that has legal sportsbooks up and running is currently making incredible amounts of money. The numbers are there and it actually makes sense, why keep people from doing what they love?
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How much money are they actually making?
Well, it depends on what state you are looking at. Seven states (New Jersey, Indiana, Michigan, Iowa, West Virginia, Mississippi, and Oregon) each had at least $17 million wagered on sports gambling throughout the month of August. If you add the totals of the top ten states, there has been over $1.27 billion wagered and that is not including Las Vegas. Sports betting has become more popular as professional sports leagues begin to embrace it so why aren’t some states?
Imagine figuring out a way to open an additional $2 million (and that is being conservative) monthly to the state’s budget thanks to people forking over money because they believe they have an idea what is going to happen in a sport they follow. People are willing to gamble money and according to some, this is essentially the lottery that is already provided by the state governments. Why not add another stream of income into the hands of the powerful that are elected to make decisions on behalf of the people?
What’s the harm?
There actually is none. Look at the seven states we listed earlier and notice that most aren’t states with a huge metropolitan city and that people love sports. Also, put into consideration this was August 2021 and there was no NFL, and College Football was just getting underway at the end of the month. The old saying is the house always wins and they usually do. People are not going to be able to walk away millionaires and this is only going to be a net gain for the economy of each state.
The professional sports league themselves are embracing sports betting and people are going to find ways to place wagers anyways whether legal or not. Most of the major states (Florida, California, Pennsylvania) are not legalized as of this writing and imagine what those heavily populated states could do. There really is no harm that can be made with the legalization of sports betting.
Time to Legalize Sports Betting – Conclusion
Now is the best time to begin pushing for sports betting in all 50 states. There are ways to do so and it does not make sense to continue to outlaw it. The world is understanding that it is not just degenerates looking to make a wager and that its popularity is only going to grow exponentially as time continues. The state officials should decide enough is enough and make the jump to legalizing something that should not have been outlawed in the first place. In time, it will happen but as of right now they are deciding to leave their chips on the table instead of cashing out and hitting this major parlay.