Skip to content

The High Stakes of Sports Betting Taxes

By: Adam Hoffer, Kyle Hulehan, Dan Carvajal

How should states approach the unique challenges and opportunities presented by sports betting?

In this episode, Adam Hoffer, Director of Excise TaxAn excise tax is a tax imposed on a specific good or activity. Excise taxes are commonly levied on cigarettes, alcoholic beverages, soda, gasoline, insurance premiums, amusement activities, and betting, and typically make up a relatively small and volatile portion of state and local and, to a lesser extent, federal tax collections. Policy at the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Foundation, joins Kyle Hulehan to unpack the intricacies of sports betting tax policy during one of the biggest betting events of the year—Super Bowl 59.

Links

    • Online Sports Betting Taxes by State, 2024 See more
    • Bets on Legal Sports Markets Pay Off Big for States, Sportsbooks, and Consumers See more

Apple Podcasts Google Podcasts Spotify

Castbox Stitcher Amazon Music RSS Feed

Stay informed on the tax policies impacting you.

Subscribe to get insights from our trusted experts delivered straight to your inbox.

Subscribe
Share this article