Delaware parlay sports betting revenue tax

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The rationale was to “protect sports from becoming a vehicle for promoting gambling among teenagers, ensuring that the values of character, cooperation, and good sportsmanship that have figured so heavily in the growth of athletic competition throughout the ages are not significantly compromised.”īy the law’s own standards it failed miserably.

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The 1992 federal law banning sports gambling exempted Nevada and grandfathered parlay betting in Oregon, Montana, and Delaware.

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California should join the growing movement to legalize sports gambling so it can reap the financial and social benefits that come with ending needless prohibitions. Following the Supreme Court’s recent decision to strike down the federal law limiting sports betting, Delaware and New Jersey quickly legalized it and a host of other states are set to follow.

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