Study: States without online gaming losing out on ‘billions in tax revenue’

Study: States without online gaming losing out on ‘billions in tax revenue’

Article brief provided by Nevada Independent
  • Howard Stutz, Nevada Independent
August 5, 2022 7:07 PM
  • Howard Stutz, Nevada Independent

    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.