More states take a gamble on sports betting. Will it pay off?

For decades, wagering on sports in the United States took place mostly in the shadows. Since the Supreme Court struck down a ban on sports betting outside of Nevada in 2018, new laws have popped up all over the U.S. making the practice legal – and taxable. Now gamblers are making bets in seven more states, and legislation that would allow betting has made its way to the majority of the country’s statehouses.

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