US budget deficit rises to $ 2.71 trillion; Online betting increases at the start of the NFL season

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""US Sports"" – Google News

The U.S. budget deficit soared to $ 2.71 trillion by August and is on track to become the second largest deficit in history due to $ trillion in COVID aid.

In its monthly budget report, the Treasury Department said on Monday that the deficit in the first 11 months of this fiscal year is 9.9% lower than the imbalance in the same period last year.

For the full fiscal year ending September 30th, the Congressional Budget Office is forecasting a deficit of $ 3 trillion, just below last year’s record deficit of $ 3.13 trillion.

Online bets rise on NFL openings

A company used by most of the U.S. sports betting industries to verify that its customers are in legal betting jurisdictions reported a record number of transactions during the first weekend of the NFL season.

GeoComply Solutions, the Vancouver, Canada-based technology company, announced Monday that it had recorded 58.2 million geolocation transactions in 18 states and Washington, DC, from Thursday night the NFL season started through 7:00 p.m. Sunday .

That’s a 126% increase over the same period of the 2020 NFL season when GeoComply processed 25.8 million transactions.

“We expected high numbers of units, but what we saw still surprised us,” says Lindsay Slader, Managing Director at Geocomply. “Demand in emerging markets like Arizona shows that consumers have been waiting a long time for the opportunity to legally place a sports bet.”

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