G2E panellists warn more US states may raise sports betting taxes
Panellists at G2E said US states may continue to increase taxes and tighten rules for sports betting. Illinois has moved to a graduated tax rate of 20% to 40%, while New Jersey senators have proposed a 30% rate; Maryland has proposed ending promotional deductions. The speakers said higher taxes could affect operators’ costs and market competition.
Potential tax increases could change operators’ costs and competitive conditions across US markets.