By Kendall Baker | Axios
States see disappointing tax revenue from legal sports betting since the Supreme Court’s monumental decision last May, but New Jersey is the only one exceeding revenue expectations.
Why it matters: These disappointing results are part of a “growing consensus that legal sports betting may not bring the windfall that economic forecasters predicted only a few months ago,” the New York Times‘ Timothy Williams reports.
Related: As tribes voice opposition, new Arizona sports betting bill moves forward with 6-3 vote
By the numbers: West Virginia has collected only a quarter of the monthly tax revenue it projected, and Pennsylvania and Mississippi have collected only half.
Rhode Island has done even worse, bringing in $50,000 per month after predicting they’d bring in almost $1 million.
Delaware is meeting projections, but it’s thanks in large part to a football-betting operation that’s been around since 2009.
