Unleashing the Beasts: US Sports Betting Taxes Roar Louder
North Carolina Ponders over Doubling Tax Rate for Sports Betting Companies
Photo by John Ashley from Philadelphia / Lansdale, PA, USA, CC BY 2.0
Clawing for Cash
- The sports betting industry's rapid growth has states on the prowl, with many proposed tax rate hikes aiming for a larger slice of the action.
- An escalating trend, the push for higher taxes reflects states' hunger for revenue to fund public programs and initiatives.
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On the Radar
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The Big Bite
- North Carolina's legislature is eyeing a 36% tax rate jump, a significant boost from the current 18%.
- The new rate would place North Carolina among the top three highest-taxed states for sports betting.
- The extra revenue would flow primarily to support athletic departments at UNC and NC State.
This tax overhaul, if passed, would set a new draconic rate and divert a substantial portion of the proceeds to reinforce athletic programs.
- If you're curious about how this change could affect other UNC system schools, read on for an analysis by our prolific casino expert, Michael Savio. 🤓📝
The Almighty Hunt
- Louisiana and Massachusetts are also rumored to be sharpening their claws, with tax hikes on the horizon.
- In Louisiana, a bill proposed to double the tax rate to 32.5%, similar to retail video draw poker devices.
- Massachusetts, however, is considering an even more barbaric 51% tax rate, which could make it the nation's undisputed king of sports betting taxes.
States are on a tax-hunting spree, with many targeting essential services, education, and gambling addiction resources. As these states close in on their prey, the industry must adapt to the changing tax environment.
🏞️🦁 To the Heart of the Beast - For a complete primer on the current state of sports betting taxation, follow Michael Savio's deep dive into the industry. 📚🌲
Leaving No Stone Unturned
- Illinois has already begun its predatory hunt, implementing a progressive tax structure with rates up to 40% for operators generating over $200 million in monthly revenue.
- Maryland and New Jersey are also joining the fray, considering tax increases through proposed legislation.
As states continue their rampage, the sports betting industry lies in wait, preparing to adjust to the ever-shifting tax landscape. Follow Michael Savio on his journey as he keeps you updated on the latest developments and uncovers secrets of the industry! 👀🃏
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Reference:1. Barker, J. (2025). Louisiana's Sports Betting Tax Bill Sparks Controversy. Louisiana Illuminator, https://x.com/loudnoisemaker2. Nicks, H. (2025). North Carolina Proposes Increasing Sports Betting Tax Rate to 36%. Sports Handle, https://x.com/elephanttrumpet
- In the midst of the tax hike race, Louisiana is reportedly considering doubling its sports betting tax rate, following North Carolina's proposed increase to 36%, which could position North Carolina amongst the top three highest-taxed states for sports betting.
- Michael Savio, a seasoned Las Vegan with a keen eye for online casino trends, predicts that if Massachusetts proceeds with an staggering 51% tax rate, it could become the nation's leading sports betting tax heavens.
- As the tax spectrum rises, industry experts are keeping a close watch on states such as Illinois, Maryland, and New Jersey, which have started their predatory hunt with proposed tax increases through legislation.
