States bet on boosting taxes for online sports betting companies like DraftKings, FanDuel

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 36 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Business 뉴스

U.S. News

States are looking to increase their take from the $16 billion online sports gambling industry as it expands across the country with big partnerships.

These must-have Insider Deal household items are at unbeatable prices!FILE - FanDuel, DraftKings and other online gambling apps are displayed on a phone in San Francisco, Sept. 26, 2022. Online sports gambling apps are facing tax hikes in some states this year. –

Illinois this month switched from a flat 15% tax on adjusted gross revenue for online sports betting companies to a new progressive rate ranging from 20% to 40%. The state legalized sports gambling in 2019 and last year it earned just over $1.5 billion in tax revenue from online sports betting operations and casinos. By comparison, the state lottery, which started operating in 1974, had revenue of about $2.32 billion in 2023.

“My expectation is that we'll be able to convince them that it's not a good policy decision,” he said. “The biggest question...would be which state is next and how realistic are higher taxes" across other states with legalized gambling, the report said.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 246. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

States bet on boosting taxes for online sports betting companies like DraftKings, FanDuelStates are looking to increase their take from the $16 billion online sports gambling industry as it expands across the country with big partnerships. DraftKings, FanDuel and other betting apps are facing a bigger tax hit in Illinois following changes to tax policy this year. New Jersey is considering doubling its tax rate.
출처: AP - 🏆 728. / 51 더 많은 것을 읽으십시오 »

States bet on boosting taxes for online sports betting companies like DraftKings, FanDuelStates are looking to increase their take from the $16 billion online sports gambling industry as it expands across the country with big partnerships.
출처: ksatnews - 🏆 442. / 53 더 많은 것을 읽으십시오 »