Gaming Industry To Legislators: Keep Taxes On Sports Betting Reasonable

One of the most common refrains during the three-day National Council of Legislators from Gaming States (NCLGS) winter meeting was a plea from industry experts to legislators — do not overtax sports betting.

“Those with the high tax rates are not going to have a robust industry five years from now,” said Marc Dunbar, a Florida-based partner at the Jones Walker law firm.

Any discussion of a high tax rate was almost always accompanied by using Pennsylvania as an example. The state’s 36 percent tax rate on sports wagering is by far the highest among the country’s non-lottery sports-betting states, roughly four times higher than New Jersey’s tax on land-based sports wagering.

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