Over the past 11 months, the coronavirus pandemic has wreaked havoc on state budgets. From massive losses in tax revenue to the substantial costs of fighting the virus and supporting those struggling with unemployment, states may need years to recover financially. A Wall Street Journal headline in October offered a dire warning: “U.S. States Face cash that is biggest Crisis considering that the Great Depression.”
In numerous states, one choice has emerged to handle this crisis that is fiscal legalized gambling. In 2017, the Supreme Court ruled that states have actually the best to determine the status of activities wagering on their own. Within the last four years, significantly more than two dozen states — from New Hampshire to New Mexico — have legalized activities wagering, either on line, at gambling enterprises or both.
The financial fallout of this coronavirus has increased energy for activities gambling.