U.S. Realizes Online Sports Betting Potential

Unlike the prediction, the COVID-19 lockdown that paralyzed most of the U.S. states for the first half of this year, especially brick-and-mortar businesses, has promoted the online sports betting. The move was attributed to the safety and health concerns and the expectation to look for alternative sources of funding to offset the losses amid the […]

Historical Milestones of Online Sports Betting in the USA (Part 2)

The followings are the second part of the historical milestones of online sports betting in the USA. 1951: U.S. Levies 10% Tax on Sports Book The sports betting industry recorded a bit success in 1951 when the U.S. federal government imposed a 10% tax on all sportsbooks’ gross revenue. The tax imposition proved unmanageable for […]