Gambling Taxes

When it comes to gambling taxes, house rules apply. State governments have the prerogative to decide whether to allow lotteries or casinos to operate in their states. This chapter explores the expansion of legal gambling in the United States, focusing on the taxes states get from lotteries and commercial casinos — and offering a potential explanation for the new “Sin Cities” across states and the internet. Key takeaways: (1) Increased competition in the gambling industry is a catalyst for reconsidering gambling policy. (2) Technology-related gambling will change the way states regulate gambling. (3) The gambling industry will be very different in 10 years