Sports Betting – A Suckers Bet for State Legislators

West Virginia’s legislature just made a dumb bet. In Nevada, sports betting only brings in about 2% of the state’s overall gaming revenue, said David Schwartz, director of the University of Nevada Las Vegas’s Center for Gaming Research. He cautioned that legalizing it nationally wouldn’t bring in enough tax revenue to significantly affect states’ budgets.

It also is not a stable revenue, as betting fluctuates widely depending how teams are doing in a particular season.” Wanna understand just how dumb of a bet our legislature made when they passed a bill designed to take advantage of a “possible” U.S. Supreme Court decision later this spring? Click here or the image.