A tax revenue windfall from legalized sports betting has yet to become reality in D.C.
The D.C. Council first voted to legalize sports betting in 2018, with promises of tens of millions of dollars in new tax revenue.
Every year since, those revenue projections have been revised down as legal battles, startup costs, the coronavirus pandemic and other hiccups caused sports betting in the District to resemble a lawn mower that won’t start.
The potential for a loud and mighty roar was there, but it struggled to get going. Pressure might be building on the District to make changes, as revenues soar in Virginia and sports betting is about to arrive in Maryland.
Click here to read the rest of the article written by John Domen over at WTOP
