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Can Sports Gambling Become The Fount Of Revenue Consistency?, Richard A. Mcgowan
Can Sports Gambling Become The Fount Of Revenue Consistency?, Richard A. Mcgowan
International Conference on Gambling & Risk Taking
Critics of legalization of gambling maintain that gambling revenue is at best stagnate or will eventually fall as a source of revenue. The stagnation of Lottery proceeds and casino revenue as sources of revenue seemed validate this criticism. But a new source of gambling revenue has recently been championed, namely sports gambling. So, the question this paper will attempt to answer is: Can sports gambling produce consistent and growing revenue that are needed to sustain public policy initiatives?
The legalization of sports gambling in NJ occurred on June 11th, 2018 and the first bet was placed on June 14th. New …