Some exciting gambling news this week,as Hawaii is talking about legalizing gambling for the first time… but there’s a big catch. Also, online gambling has launched in Louisiana and New York mobile betting has topped $1 billion in just three weeks!
Betting has been forbidden and illegal in the state of Hawaii for years and years. However, any moral objections to the activity seem to be waning in the face of economic gain. Especially after watching New York state profit so much in so little time. But this week’s gambling news finds Hawaii considering casino gambling and sports betting, but following the sick and disgusting lead of New York and their theft of a 51% tax rate. Hawaii wants theirs set at 55%.
This comes as mobile sports betting in New York has been up and running barely three weeks, with Caesar’s, DraftKings, FanDuel, and BetRivers at the helm. And just 25 days after launch, bettors in the Empire State have wagered a staggering $1.1 billion. The math breaks down so that the operators in New York have generated over $91 million in sports betting profits, all in just a little over three weeks of taking action.
At a tax rate of 51%, that means that New York was able to take in nearly $47 million. In three weeks. You can find all the gambling news you need at our sister site, This Week in Gambling.
