As another round of state legislatures considering sports betting awaits at the beginning of 2020, one question that lingers around the industry is how legislators in those new states will react to the results of the high-tax Pennsylvania model.
From the moment the state’s gaming expansion bill passed in 2017, the 36 percent tax rate on sports betting and accompanying $10m license fee has been decried by many in the gaming industry as impractical and not economically feasible.
However, when the opportunity arose, those barriers to entry did not stop 11 of the state’s 13 casino licensees from pursuing sports-betting licenses.
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