. @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 …
@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 …
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@Grange95@BillyPolcha Your assumption is that gaining tax revenue from legalized sports betting is impossible. That is simply WRONG. -
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@RShaffer1 Your proposed sports betting tax rate is >20x higher than current NV tax rate. Do you seriously think your tax rate is feasible? - 14 more replies
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@Grange95@RShaffer1 Correct, taxes vary by State but only NJ & Nevada are sub-20%. -
@BillyPolcha You're correct. Just referenced NV as only state currently with full sports betting. Not sure sports books work with >30% tax. - 3 more replies
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