Scott Rasmussen's Number of the Day for December 3, 2019
The Number of the Day columns published on Ballotpedia reflect the views of the author.
December 3, 2019: Since the U.S. Supreme Court cleared the way for legal betting on sports events, the state of New Jersey has collected $36 million in taxes from this line of business. That’s more than any other state. Number 2 on the list was Nevada with $28 million in tax revenue from sports betting.[1]
New Jersey collected the most in taxes despite the fact that there was more money bet on sports in Nevada ($6.6 billion in Nevada vs. $4.6 billion in New Jersey). However, the Garden State places a 13% tax on most sports betting while Nevada’s rate is just under 7%.[1]
The new revenue stream is unlikely to have a significant impact on state finances. New Jersey’s annual budget is more than $38 Billion.[1] As a result, the tax revenue from sports gambling covers less than one-tenth of one percent of the overall budget.
Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology.
- December 2, 2019 –31 U.S. House districts were won by Donald Trump but are represented by a Democrat
- November 29, 2019 –165 million Americans will shop this holiday weekend
- November 28, 2019 –4,500 calories consumed in typical Thanksgiving feast
- November 27, 2019 –2,793 marching band members in the Macy’s parade
- November 26, 2019 –55 million Americans traveling for the holiday
- To see other recent numbers, check out the archive.
Scott Rasmussen’s Number of the Day is published by Ballotpedia weekdays at 8:00 a.m. Eastern. Click here to check out the latest update.
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Columns published on Ballotpedia reflect the views of the author.
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