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Sports betting, in addition to high rates of voter approval, is an excellent industry for generating tax revenue. With the ongoing budgetary crisis faced by many states, legalizing sports betting is a fast and easy way to increase tax revenues to cover some of that shortfall. You can bet on sports in the US with a state-approved betting site or at a physical retail sportsbook. Only around half of states currently allow sports betting in any form. Offshore sportsbooks like BetOnline are available throughout the US, but they are not legal.
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As a result, the state of New Jersey passed a new sports betting law. The law clearly stated where and how sports betting could take place. In addition, the law also detailed what applications can be used for online sports betting.
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