The genie might be out of the bottle when it comes to gambling, but let’s get real about the revenue it’s supposed to generate
Legalized gambling used to consist of a few bingo squares at church and the occasional trip to Las Vegas or Atlantic City. Now, lotteries are huge and include multistate mega games, and you’re never more than a few hours drive from a casino. And that’s to say nothing of what gamblers can find on the internet.
So the recent U.S. Supreme Court decision striking down a federal ban on sports betting would seem to cut away one of the last barriers to popular gambling.
Consider how popular — if not illicit — sports betting already is. Ever put money into a March Madness bracket pool? Bet a little on the Super Bowl?
Now, what many casual gamblers consider practically harmless might look like a windfall to lawmakers inclined to cash in on another potential revenue source.