U.S. Industry Heavyweights Warn Of Sports-Betting Tax Turbulence

The U.S. casino industry’s ex-chief lobbyist and Nevada’s former top gambling regulator sounded the same alarm at a conference last week: many U.S. states are considering sports-betting tax rates that do not square with industry economics.

“From what I’ve read, there are an awful lot of governors and legislators who think sports betting is a golden goose,” Frank Fahrenkopf Jr., who led the American Gaming Association from 1995 to 2013, said during a sports law symposium last Friday at the University of California, Berkeley.

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