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Sports book income in the US hit $7.five billion in 2022, up 75 % from the 2021 total of $four.29 billion. By the early 1990s, federal legislators were expressing moral panic over the possibility of states permitting sports betting inside their borders, to take benefit of billions getting wagered illegally. Through the pandemic, states without having casinos, like Virginia and Tennessee, have established on the net markets. States like New York and Maryland have passed laws enabling firms such as FanDuel and DraftKings direct ownership of online licenses, without the need of the want for a land-based partner.

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