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Maryland governor proposes higher gambling tax rates in 2025 budget

Regulation

Maryland Governor proposed raising the tax on online sports betting from 15% to 30% and the tax on land-based table games from 20% to 25% in the 2025 budget, according to analyst commentary. The proposal would affect both online operators and casino businesses if adopted.

The proposed increases could change tax costs for online betting operators and Maryland casinos.

End-of-day close DraftKings (DKNG), USD, to 7 March 2025
Story date9 December 20247 March 2025

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