An AP analysis shows reality fell short of many states' expectations for tax revenue from sports betting.
April 2, 2019
For a variety of reasons, not just the Patriots’ star quarterback, most of the states that moved quickly to legalize sports betting after the Supreme Court cleared the way are still waiting for the expected payoff. Gov. Gina Raimondo said the state might have to adjust its budget to account for the missed projections. Still, she is urging patience: “We knew it was going to be very up and down. That is not at all a surprise.”
In West Virginia, a contract dispute led to a shutdown at two sportsbooks and the state’s only betting app at the beginning of the NCAA basketball tournament, eliminating crucial betting days. The state brought in $862,000 in taxes on sportsbooks from September through the first days of March. With just four months left in its fiscal year, that is well short of the annual projection of $5.5 million.
The AP found previously that taxes on sports betting would generate just a fraction of 1 percent of most states’ budgets if they met their estimates. More than 20 states are considering legalization.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AP analysis: NCAA bubble swings minimum of $10M per yearExclusive: The MarchMadness bubble swings a minimum of $10M each year for conferences. $110M has been generated by at-large teams in the play-in games since 2011, when the NCAATournament expanded to 68 teams. aaronbeardap:
Read more »
AP Photos: Saris stand out on Indian fashion runwayNEW DELHI (AP) — It's fashion season in India's capital, with the country's top designers showcasing their latest collections to lure the rapidly growing domestic and export markets for Indian...
Read more »
AP sources: Mueller report is more than 300 pages longWASHINGTON (AP) — Special counsel Robert Mueller's Russia investigation report is more than 300 pages long, a Justice Department official and another person familiar with the document said...
Read more »
AP PHOTOS: Editor selections from Latin America, CaribbeanThis photo gallery highlights some of the top news images made by Associated Press photographers in Latin America and the Caribbean that were published in the past week. Venezuelan...
Read more »
AP FACT CHECK: Trump misleads on health care, Russia probeWASHINGTON (AP) — Rallying in Michigan, President Donald Trump bragged about a surging auto industry that isn't surging, a Republican rescue for health care that has yet to take shape, a 'total' exoneration in the Russia investigation that was not offered.
Read more »
AP Exclusive: Captain feared death in migrant hijack at sea'They went nuts and they were screaming and shouting 'Go back! Go back! Go back!'' Captain tells AP that migrants who hijacked an oil tanker that rescued them threatened crew members after they realized they were being returned to Libya.
Read more »
AP PHOTOS: A selection of pictures from the past weekHere's your look at highlights from the weekly AP photo report, a gallery featuring a mix of front-page photography, the odd image you might have missed and lasting moments our editors think you...
Read more »
AP FACT CHECK: Trump twists facts of a migrant girl's deathTRUMP: 7-year-old migrant girl's death was because 'the father gave the child no water for a long period of time - he actually admitted blame.' THE FACTS: Neither the autopsy report, nor accounts at the time by CBP, spoke of dehydration.
Read more »
AP Investigation: Spa busts often result in light sentencesThe massage spa busts that led to the arrests of New England Patriots owner Robert Kraft and hundreds of other people are being handled much differently than similar past cases in Florida, an AP review finds.
Read more »
AP Investigation: Spa busts often result in light sentencesThe massage spa busts that led to New England Patriots owner Robert Kraft and hundreds of other people being charged are being handled much differently than similar past cases in Florida, an AP review finds.
Read more »
AP FACT CHECK: Trump's relentless drive to be given creditPresident Donald Trump's relentless drive to be given credit for all manner of things suffused his speech to Michigan supporters this past week. The Border Protection timeline on her case said she was checked for medical problems upon her apprehension and: 'The initial screening revealed no
Read more »