* Illinois Public Radio…
Robert Bruno, a professor at the UIUC School of Labor and Employment Relations and director of the Project for Middle Class Renewal, said 10 states have already legalized sports gambling in the last year, but none are in the Midwest. “There is some advantage to be the first mover, so Illinois may want to be out of the box first. Obviously that incentivizes taking action,” he said.
But there is still debate on how it could impact gambling addiction.
Frank Manzo, policy director for the Illinois Economic Policy Institute, said sports betting already exists in the black market, and regulating it could help with those concerns. “People are doing it anyway, and legalizing sports betting, which is an economic activity that has been approved by the U.S. Supreme Court, would bring those bettors into a safe and regulated marketplace.”
Bruno said their analysis estimates up to $100 million annually in state tax revenue, which could not only go toward infrastructure or public education, but also toward funding gambling addiction programs. […]
According to the report, legalization could also help create up to 2,500 jobs.
The Illinois Economic Policy Institute’s full report is here.