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Any time lawmakers can generate new income for the state without raising taxes on existing industries, they’ll be tempted to do exactly that. In most states, a state-run gaming commission is tasked with forming the rules and regulations that govern the industry. State gaming commissions enforce tax rates, determine minimum payout percentages, set maximum wager sizes, and much more.
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Social casino apps offer free slots and casino games to players across the US who otherwise wouldn’t have access to these games. Play is offered using a unique sweepstakes system where ‘coins’ take the place of cash, and in some cases, these tokens can be redeemed for real prizes. By comparison, licensed online casinos operate from within the US and are subject to strict oversight by each state’s gaming regulator. Obtaining an online gambling license in the United States is a difficult and time-consuming process usually restricted to operators that already have an established land-based presence. DraftKings launched in 2012 as a fledgling fantasy sports website but now operates as one of the country’s biggest digital-first gambling companies. DraftKings today is involved in sports betting and online casino games in addition to running the largest daily fantasy site in the world.
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