On the negative side, gangs like MS-13 could benefit from legalized betting. The income of organized crime and terrorists is largely derived from gambling, prostitution, substance abuse, human trafficking, slavery and other things which can sometimes be found where gambling resides. There are potential negatives to this.
There are also potential positives in the form of job creation, economic benefits, higher tax revenues. Las Vegas does resemble a centralized market and a monopolism over gambling which could benefit consumers via being more decentralized within a free market paradigm.
I wasn`t aware that sports betting is illegal in the USA.What about fantasy sports betting?I think that sites like Fan Duel and Draft Kings are in the shaddy gambling sector.
You might find this interesting.
FanDuel restricted states – Visit FanDuel NowThe states where FanDuel blocks players are: Arizona, Alabama, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada, Texas and Washington state.
Again, this is a reflection of company policy regarding banned states and not a legal determination by any arm of government. Inclusion on the list does not necessarily mean it is a state where DFS is illegal, and exclusion from the list also doesn’t guarantee that fantasy sports is legal in the state.
So a state being on the list above isn’t the same as being able to definitively claim that “FanDuel is illegal in that state,” and a state being off of the list isn’t the same as being able to say “FanDuel is legal in that state.”
https://www.legalsportsreport.com/daily-fantasy-sports-blocked-allowed-states/ This info is 100% accurate as far as I've been able to confirm.