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Legalized sports betting won't make it under proposed format

02.12.2018     11:39 AM     Printer Friendly

SportsMemo.com blog entry.
Glad we aren't the only ones who see the leagues' request for an "integrity fee" as bananas.


A one percent fee on handle equates to about a 20 percent tax on revenue:

Sportsbooks hold about five percent (in a solid year) of the total amount wagered.
So for every $100 wagered, sportsbooks can expect to realize $5.
A one percent integrity fee would cost sportsbooks $1 on every $100 wagered.
That $1 represents 20 percent of the $5 sportsbooks can expect in revenue.

That tax alone would arguably be enough to make sports betting economically unviable. But in addition to that tax, sportsbooks would also have to pay:

Whatever tax rate the state applies (Nevada is 6.75 percent on revenue, most other states are floating rates between nine and 20 percent).

The existing federal excise tax (.25 percent of handle, or roughly 5 percent of revenue).








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