Single Status Update
Supreme court allows states to legalize sports betting. If a book opens in Iowa, I'm going to be over at the casino every weekend.
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The sales tax is more because of Amazon type purchases where so many are tax free. And on-line gambling, if you are a winner, your income on your 1099-G would be taxable on state tax returns, so yes, while it's 'not legal' in Nebraska, you would still be taxed on it. Regardless Ricketts is dumb.
Anyone know how this will effect online betting? Will american casinos start doing online stuff?
Yes, they will...but I think you will also see a lot of Bar/Books...this is just a guess but I think big college towns will "get out in front of this" and the bars there will attack this head on with parlay cards and line wagers with a max bet, 10 or 20 dollars, something like that.