Requesting The Department Of Business, Economic Development, And Tourism To Study The Potential Effects Of Legalizing Sports Betting.
The resolution highlights the fiscal benefits that could arise from legalizing sports betting, citing an example from West Virginia, which collected substantial tax revenue after legalization. Furthermore, it points out that legal sports betting could curtail illegal betting activities, ensuring that such operations remain within a regulated framework, thereby offering consumer protections and reducing potential issues related to underage betting.
House Resolution 134 (HR134) requests the Department of Business, Economic Development, and Tourism of Hawaii to conduct a study on the potential effects of legalizing sports betting in the state. This resolution stems from a significant ruling by the U.S. Supreme Court in May 2018 which allowed states to authorize sports betting. Currently, out of all states, thirty-eight have legalized such activities, leading to a growing discourse around the implications for states like Hawaii, where illegal sports betting is prevalent among residents.
Despite potential financial benefits, there are pressing concerns regarding the social implications of legal sports betting. Studies associated with sports betting have identified links to damaging behaviors, including problem gambling. Recent statistics reveal rising instances of gambling-related issues, prompting calls for protective measures. Therefore, as Hawaii explores the feasibility of this legislation, these social welfare aspects will be weighed against the expected economic advantages.