Kansas Sports Betting Tax Could Increase as States Continue to Seek Bigger Cuts (Casino.org)

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Kansas lawmakers are considering raising taxes on sportsbooks Kansas taxes gross sports betting revenue at 10% The 10% sportsbook tax is among the lowest in the nation Kansas sports betting taxes are primed for an increase as state lawmakers in Topeka seek a larger portion of the expanded gambling revenue. The Keeper of the Plains stands tall above the convergence of the Big and Little Arkansas rivers in downtown Wichita, Kan. Kansas sportsbooks could soon face a higher tax on their sports betting revenue. (Image: Shutterstock) Kansas authorized in-person and mobile sports betting at its four commercial casinos in 2022. The state’s sports betting law mandated that oddsmakers share 10% of their net proceeds, or the amount of money kept after paying out winning bets, with the state. Kansas’ commercial sportsbooks additionally pay the federal government a 0.25% excise tax on each bet. The 2022 issuance of sports betting licenses came with five-year terms that are set to expire in…Read MoreCategory: Sports Betting, John Pappas, Kansas, online sports betting, sports betting, sportsbook, taxesSource: Casino.org

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