Missouri sports betting ballot measure highlights national debate about tax rates
The ads promoting a November ballot measur e to legalize sports betting in Missouri tout the potential for millions of new tax dollars devoted to schools. If voters approve the measure, it's a good bet they will see even more ads offering special promotions for bettors. Many of those promotional costs — in which sportsbooks provide cash-like credits for customers to place bets — will be exempt from state taxes, effectively limiting the new revenue for education. The Missouri ballot measure highlights an emerging debate among policymakers over how to tax the rapidly growing industry, which has spread...
Online gambling rise poses significant public health threat: Commission
The worldwide rise of online gambling poses a significant public health threat, according to a report released Thursday. The report, which was published in the Lancet Public Health journal, found that almost 16 percent of adults and more than 26 percent of adolescents who use slot machine games and online casinos have a gambling disorder.…