. @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 …
.@John_Mehaffey @RShaffer1 Current NV tax rate is 0.43% of handle (7.75% tax on 5.5% hold). Shaffer proposes tax rate of 10% of handle.
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@Grange95@John_Mehaffey@RShaffer1 Gents, it will be HUGE Gaming Companies operating these sportsbooks thus -110 will still be the norm, -
@BillyPolcha@Grange95@RShaffer1 That makes no sense. No matter how big you are you can't spread -110 on 10% handle tax. Loss is $5.50/$100 - 4 more replies
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@Grange95@John_Mehaffey@RShaffer1 This is big time business, not mom & pop operations.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@Grange95@John_Mehaffey@RShaffer1 10% of handle taxed? Get ready for -150 linesThanks. Twitter will use this to make your timeline better. UndoUndo
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