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It finally proved unmanageable for bookmakers and drove many of them out of enterprise utterly. This was another factor that led to extra unlawful sports activities books run by organized crime teams. This was an enormous moment in sports activities betting history because it was the primary time people may legally wager on occasions like horse racing without bodily being on the racetrack.
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DraftKings, however, opted to not go forward with the surcharge due to intense public backlash. Whereas the surcharge never managed to enter effect, this is a clear example of how increased taxes would have affected players directly. For 2024, New Jersey noticed $6.three billion in complete gambling income, which displays a 9% increase year over 12 months compared to 2023.