The Impact of Sports Betting Legalization

The legalization of sports betting in the U.S. was significantly influenced by a 2018 Supreme Court decision that lifted the federal ban, prompting states to explore new revenue sources. Advocacy for sports betting stemmed from a need for financial recovery following the Great Recession, as states sought alternative ways to boost their economies without increasing taxes. The new landscape created a sharp contrast to the previously overt clandestine nature of gambling, with states eager to capitalize on what was framed as an opportunity for economic growth. However, this rush to legalize has raised concerns among policymakers regarding the overall value of such revenue against the potential negative social impacts of expanded gambling access.