Arkansas DFA details 8% tax on paid fantasy sports revenues
By SectorWire desk · · Updated
Summary
Arkansas's Department of Finance and Administration states that Act 1075 imposes an 8% tax on paid fantasy sports revenues. Operators subtract prizes from entry fees and apply Arkansas's share of entry fees to calculate taxable revenues. The department requires operators to remit the tax quarterly through the Arkansas Taxpayer Access Point.
Why it matters
Fantasy sports operators must calculate Arkansas's share of revenues after prize payments and remit the 8% tax quarterly.