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Further, the Bill needs that sports wagering operators allocate a percentage of sports wagering income to remedy for gambling disorders and education on accountable gambling. The Bill anticipates that the federal government will produce $12 million from the federal excise tax due to legalized sports wagering. To the extent it is determined that these distinct efforts require far more than $five million and $3 million, respectively, Congress will want to authorize such expenditures. All told, Americans placed practically $35 billion on sports bets in 2020. Bally’s Atlantic City is organizing to open its initial sportsbook in partnership with FanDuel in time for March Madness but is currently taking bets with a short-term setup. It also is in the method of acquiring internet fantasy sports platform Monkey Knife Fight, as well as sports betting application company Bet.Works.
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