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At the same time, both states must have strict oversight of sports gaming, including programs for those struggling with gambling addiction. The states may also wish to consider some regulatory limit on how much money a gambler can wager on any one sporting event. And, of course, both states should tax sports gambling. Nevada, which allows sports wagering, collects a 6.75 percent tax on most gross gaming revenue. In New Jersey, it's 8.5 percent for in-person sports betting . West Virginia wants to levy a 10 percent tax on sports gaming. Kansas and Missouri may want to charge more than that for sports bets — but not too much more, or gaming operators will avoid our states. Sports gambling facilities should be limited, but not just to casinos. Neither state wants a legal sports book on every corner. But limiting gaming to existing casinos will make it harder for some bettors to gamble, reducing state revenue. Lawmakers will need to fully understand this issue.
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