In the wake of the Supreme Court’s ruling on PASPA, GBGC presents its view on the potential for sports betting in the US. At present, some 24 states have expressed varying degrees of interest in regulating sports betting. These states have a population of 186 million people.
What is not known, in many instances, are the key factors of the tax rate, integrity fees, and permissible betting channels. Of course, not all 24 states might actually pass sports betting legislation.
There are already extremes in betting tax between West Virginia and Pennsylvania. The prevailing tax rate across the various states will determine the success of the market and how much is recaptured from offshore and unlicensed domestic operators.