What’s at stake as Nebraska voters decide whether to legalize online sports betting in the midterms

Source: Fortune ·

What’s at stake as Nebraska voters decide whether to legalize online sports betting in the midterms

Sports betting in Nebraska can support its property tax fund—or leave Nebraskans with empty wallets.

From the source

Nebraskans will vote on two ballot measures that can reshape the state’s gambling industry and bring mobile sports betting to bettors across the state. Measures 440 and 441 on Nebraska’s midterm ballot would collectively legalize and regulate online sports wagering, allowing people located in the state to place bets on professional and college sporting events. The measures come at a time when sports betting has become one of the fastest-growing segments of the American gambling industry. Since the Supreme Court cleared the way for states to legalize sports wagering in 2018, sportsbooks have expanded into dozens of markets, turning professional sports into a lucrative business for gambling operators, advertisers and media companies. And the state has much to gain from legalization—the biggest selling point being the possibility of generating additional tax revenue. What are the initiatives, exactly? The two initiatives are designed to work together, but they address different parts of…

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