misunderstood a study<\/a> it had published on sports betting, which has led to the state raking in around $40 million less in revenues that it had expected since launch.<\/p>\nThe projections the AGA had published were based on a fully mature and stabilized market with a tax rate of 15 percent with a legal framework that does not include any \u201cunusual restrictions.\u201d<\/p>\n
Rhode Island chose to tax sports betting at 51 percent of gross gaming revenue, which makes it the highest-taxed market in the world and prohibited in-state college sports bets, putting the pressure on this notoriously low-margin vertical from day one.<\/p>\n","protected":false},"excerpt":{"rendered":"
Massachusetts\u2019 budget debate kicks off Monday but one item that won\u2019t be up for discussion is sports betting, much to the regret of Republican Governor Charlie Baker. Baker included $35 million in projected revenue from regulated sports betting in his budget plan and in January introduced a bill to legalize wagering at the state\u2019s three […]<\/p>\n","protected":false},"author":36,"featured_media":103419,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,61,13592,1074],"tags":[],"acf":[],"yoast_head":"\n
Sports Betting Suddenly Off Table in Massachusetts Budget Talks<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n