“US States Raking in Revenue: Profiting from Sports Gambling”

In recent years, the legalization of sports gambling has swept across the United States, with states eager to cash in on the lucrative industry. According to a recent study conducted by North Penn Now, some states are making a killing from sports betting, raking in millions of dollars in revenue.

Leading the pack is New Jersey, which has emerged as the top state for sports gambling revenue. In 2020 alone, the Garden State reported a staggering $6 billion in sports betting handle, with a significant portion of that revenue going back to the state in taxes.

Following closely behind is Nevada, long considered the gambling capital of the US. Despite facing stiff competition from neighboring states, Nevada managed to bring in over $4 billion in sports betting revenue last year.

Other states making a significant profit from sports gambling include Pennsylvania, Illinois, and Michigan. These states have all seen a surge in sports betting activity in recent years, with revenue numbers continuing to climb.

The rise of sports gambling has not only been a boon for state economies but has also provided a much-needed boost to the sports industry as a whole. With more states jumping on the sports betting bandwagon, experts predict that the industry will only continue to grow in the coming years.

As states continue to capitalize on the popularity of sports gambling, the question remains: which state will come out on top next? Only time will tell, but one thing is for certain – the future of sports betting in the US is looking brighter than ever.