S. "Most people don't make a profit. Bettors can claim losses, but only against winnings. More than $3 billion in state and federal taxes have been taken by legalized sports betting since PASPA was overturned in May 2018, according to American Gaming Association Senior VP Casey Clark. 68 billion, while the federal government's take has been $516 million. "We've seen remarkable growth in this space," Clark said, "Americans have been betting on sports for a really long time. Nevada - the only state where legal U. "In order to create a viable and sustainable legal sports betting market, we needed to have regulations and policy in place that allowed the legal market to effectively compete with the offshore sportsbooks," Clark said.
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