. @G_Finan Too bad @RShaffer1 doesn’t understand $150B sports betting handle won’t translate into $15B tax revenue. http://craakker.blogspot.com/2015/02/setting-line-for-sports-betting-revenue.html?m=1 …
. @RShaffer1 I'm in favor of legalizing sports betting, but let's not wildly overestimate tax revenues. @G_Finan
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@Grange95@RShaffer1@G_Finan Sports betting is considered Gambling thus gambling taxes would apply. Gambling taxes range from approx 20-50% -
@BillyPolcha@RShaffer1 Gaming tax rates vary widely. NV is 7.75% of gross gaming revenues (6.75% state, 1% local). http://www.americangaming.org/sites/default/files/uploads/docs/aga_sos2013_fnl.pdf … - 16 more replies
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@RShaffer1 (1/2) Agree potential tax revenue is highly speculative. But your estimate of $15B tax revenues is based on faulty methodology. - 8 more replies
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@Grange95@RShaffer1@G_Finan Mr Shaffer, Nevada & UK Sportsbooks are taxed on Revenue not the handle/sales. The $150m =handle/sales.Thanks. Twitter will use this to make your timeline better. UndoUndo
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