As the legal sports betting industry absorbs tax increase after tax increase — five states have hiked their rates since May 2025 — panelists at the National Council of Legislators from Gaming States (NCLGS) Summer Meeting warned lawmakers to beware.
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“A high tax rate constricts how much the industry can reinvest in their products,” Matt Hortenstine, general counsel for video gaming operator J&J Gaming, said Saturday. “I think if you strangle the golden goose too much, it will stop laying. I think the industry and the lawmakers need to have better conversation about that.
