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Photo: Soifer/Getty Images

The state of Montana legalized sports betting on Friday when Gov. Steve Bullock signed a bill to allow the state lottery to supervise a wagering system on kiosks and mobile apps, reports AP.

The backdrop: The U.S. Supreme Court legalized sports betting nationwide last year. Already, several states have legalized state-regulated sports betting, according to ESPN.

Details: Democratic State Rep. Ryan Lynch told the AP that the goal is to have the system for sports betting ready to go by football season this fall. The bill will allow licensed restaurants and bars to have sports betting kiosks and apps inside the establishments, per AP. Sports betting could bring in nearly $3.7 million in revenue for the state of Colorado, per AP.

Go deeper

Senate Democrats unveil new income tax for billionaires

Sen. Ron Wyden. Photo: Drew Angerer/Getty Images

Senate Democrats on Wednesday released a billionaires' tax proposal, designed to help support President Biden's social spending and climate change legislation.

Why it matters: Sen. Ron Wyden (D-Ore.), chairman of the Senate Finance Committee, said the Billionaires Income Tax would raise "hundreds of billions of dollars" and would affect approximately 700 taxpayers who have more than $1 billion in assets or incomes of over $100 million a year.

The startup that wants to disrupt big internet providers

Illustration: Maura Losch/Axios

A new startup backed by funding from AOL founder Steve Case and Laurene Powell Jobs wants to break up broadband monopolies across the country.

Why it matters: Internet access has been crucial during the pandemic, but it's not ubiquitous, and it can be both slow and unaffordable in swaths of the country.

4 hours ago - World

Top general: China's hypersonic missile test "very close" to a "Sputnik moment"

Gen. Mark Milley. Photo: Rod Lamkey-Pool/Getty Images

Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, warned Wednesday that China's test of a hypersonic missile is "very concerning" and "very close" to the kind of "Sputnik moment" that triggered the Space Race during the Cold War.

Why it matters: The comments by America's top uniformed general underscore the depths of U.S. concerns about China's rapid military expansion and development of advanced weaponry.

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