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 […]
Tag Archives: USA
Historical Milestones of Online Sports Betting in the USA
Online sports betting in the United States began more than 150 years ago when the internet and online sportsbooks were introduced. The following is the historical milestones of online sports betting in the United States. 1860: U.S. Banned All Forms of Gambling After the revolutionary war, gambling had developed in the United States as a […]