The most recent American regulated gambling market to contemplate legislation raising the tax rate on sports betting operators is Massachusetts.
A bill put forth by the state senator seeks to increase the Massachusetts tax rate on online sports betting operators from 20% to 51%. The proposed tax increase would match New York's tax rate, giving Massachusetts the highest tax rate in the United States.
Retail sports betting, which is subject to a 15% tax, is also available in Massachusetts.
A bill put forth by the state senator seeks to increase the Massachusetts tax rate on online sports betting operators from 20% to 51%. The proposed tax increase would match New York's tax rate, giving Massachusetts the highest tax rate in the United States.
Retail sports betting, which is subject to a 15% tax, is also available in Massachusetts.
