Sports Betting Picks, Odds & Gambling Articles
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The ideal rate states should charge in order to maximize tax revenue from the sports betting market is between 10 and 15 percent. According to Eilers & Krejcik’s analysis, as taxes rise above this threshold, there is a direct negative impact on the tax revenue they can make from the sports betting industry. A number of factors will determine how much money the industry will invest and how many consumers currently operating on the illegal sports betting market will migrate to the legal one. (mais…)