MTAM: States Taking Their Chances with Expanded Gambling

The persistent push to sell almost everything online could soon include lottery tickets. Cash-strapped states betting on new online poker and lottery revenues won a major victory with a recent Department of Justice announcement that it is reversing its interpretation of the federal 1961 Wire Act, clearing the way for a potential boom in online gambling.
Miller Tabak Asset Management takes a special look at how states are attempting to raise additional revenue in this informative paper, available by clicking here.