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Published 1 year ago

10 states that make the most tax revenue from commercial betting

Summary by liherald.com

Without federal laws for sports wagering, states are left to experiment and set their own tax-revenue structures. Some states tax sportsbooks as high as 50% and others as low as 6%, according to the American Action Forum. States with authorized sports wagering tend to hover in the 10-15% range, with nuances added from there. Some states deduct promotional bets, while others require disclosure, per Bloomberg Tax. OLBG compiled a list of the 10 st…

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douglascountynewspress.net

10 states that make the most tax revenue from commercial betting: What states make the most revenue from gambling? OLBG compiled data to show the states that collected the most tax revenue in 2021.

What states make the most revenue from gambling? OLBG compiled data to show the states that collected the most tax revenue in 2021.

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OLBG - Let's Beat The Bookies

Missouri among states collecting the most tax revenue from commercial betting

Without federal laws for sports wagering, states are left to experiment and set their own tax-revenue structures. Some states tax sportsbooks as high as 50% and others as low as 6%, according to the American Action Forum. States with authorized sports wagering tend to hover in the 10-15% range, with nuances added from there. Some states […]

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10 states that make the most tax revenue from commercial betting

Without federal laws for sports wagering, states are left to experiment and set their own tax-revenue structures. Some states tax sportsbooks as high as 50% and others as low as 6%, according to the American Action Forum. States with authorized sports wagering tend to hover in the 10-15% range, with nuances added from there. Some states deduct promotional bets, while others require disclosure, per Bloomberg Tax. OLBG compiled a list of the 10 st…

Read Full Article

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