A study commissioned by gaming equipment provider and developer Light & Wonder found that expanding legal online casinos to additional states could produce annual revenue of more than $30 billion with tax revenue of $6.35 billion.
The report, produced by VIXIO GamblingCompliance, looked at the potential financial results if internet gaming – referred to as iGaming – was legal in the 42 states that currently allow land-based casinos, mobile sports betting or both. As it stands now, Nevada only allows online poker.
The $6.35 billion tax revenue figure was based on an assumed 20 percent tax rate for new states – higher than Nevada’s 6.75 percent rate, in line with a 19 percent tax in Michigan, but lower than Pennsylvania’s 54 percent tax for online slots.
