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Jump Sports Betting (Photo: Mark Weber, The Commercial Appeal) Estimates of the illegal sports betting market in the U.S. range anywhere from $60 to $400 billion a year, creating massive potential for states interested in generating tax revenue from a new, legalized betting market. And thats precisely why states across the country have been mobilizing to regulate and tax sports betting since the Supreme Court cleared the way in mid-May of this year by ruling the federal ban on sports betting was unconstitutional. For cash-strapped states, sports wagering tax revenue could help solve the vexing fiscal challenges that rarely shrink. But to get the desired return a trusted, transparent and safe betting market that produces revenue for the state the authorizing law must be structured the right way.

For the original version including any supplementary images or video, visit https://www.clarionledger.com/story/opinion/columnists/2018/09/07/mississippi-needs-mobile-sports-betting/1222207002/

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Com Niv Orlian Is The Author And The Owner Of A Soccer Fans Website That Provides Information On Various Topics Related To Soccer.

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