Churches and Charities Expected to Take a Hit Due to Legalization of Sports Betting

Sports betting is now under way in Mississippi, but not everyone thinks it will pay off for the Magnolia State.

Mississippi legalized casino gambling in the 1990s, but it was not until this summer that sports betting regulations took effect following a U.S. Supreme Court decision that overturned a federal ban on sports betting. To date, Mississippi is the third state to allow sports betting – and the only state in the South.

“Although sports betting isn’t a big money-maker for casinos, it is expected to draw new people and excitement to the casinos right from the start,” the Mississippi-based Sun Herald reports. “Delaware, in the first 20 days of sports betting, saw 69,698 wagers and $7 million in bets, along with about $1 million in tax revenue for the state [whereas] the first 17 days in New Jersey brought $16.4 million in wagers.”

Delaware and New Jersey are the other two states currently offering sports betting.

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SOURCE: One News Now, Chris Woodward