Why people are going all in on sports betting this March Madness

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Added 2 years ago by admin

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In January, New York became one of 18 states to allow legal online sports betting, and with one of the highest tax rates in the country at 51%, the move is estimated to bring in about $500 million in tax revenue in the next three years. Many believe New York will pave the way for other large states like California, Florida, and Texas to soon follow suit. In this episode of Brew Breakdown, we take a look at the rapid rise of sports betting, what it means for you, and the impact it will have on the sports sports world at large.

#Sports #Betting #MarchMaddness

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0:00 Introduction
0:32 Why is betting legal now?
1:30 What does this mean for New York?
2:31 How much money is being bet?
3:45 Impact on pro sports and TV ratings