Since the year 2017, the topic on legalizing sports betting is still a hot issue. There are arguments stating that such act must not be legalized because it is risky and it is not really an acceptable type of hobby.The media also take advantage of this and the issue about its legalization became the topic of the news every day. Although there are plenty of states that are already accepting the judgment and are already moving forward, debates and arguments are still inevitable. Weighing the pros and cons are still happening these days. While we all know that some states are in favor of legalizing sports gambling, it is still a long process because it is impossible for it to happen overnight.
Plenty of people do not want to stop defending why or why not sports must be legalized. With that, small number of business owners were interviewed regarding sports gambling and its benefits but from a business perspective. Here are the benefits based from their answers:
1. Increase in their tax revenue– basically one of the obvious reasons why the state want to legalize sports gambling is because they do not want for the other states to get the increased revenue. When more states start to approve sports gambling, there will be a snowball effect. No state would prefer to lose all the revenue they could possibly get.
2. More help will be accessible to those who need it – the problem with gambling is that it disapproved by the majority. However, according to some studies, if the states finally approve it, more people will benefit from it. In some cases, it may serve as a solution or an option for treatment those who need it.
3. More excitement for viewers- once sports betting becomes legalized, then one thing is for sure, channels will gain more money and more viewers . Also, bars and other establishments will take advantage of it since it will attract more clients because they will be able to watch their favorite sport football and Match of the day or basketball while having fun at the bar . Basically economy and businesses will benefit a lot from legalization of sports betting.