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Impact of a 1% Tax on Sports Betting by I Nelson Rose

The U.S. Supreme Court appears to be about to rule that the federal law that prevents states from legalizing sports betting, the Professional and Amateur Sports Protection Act ("PASPA"), is unconstitutional. There are at least a dozen states that appear ready to enact new laws to introduce or expand legal intra-state wagering on sporting events this year, once the High Court decision is announced.

This raises, as always, the question of who will get the money.

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