Nevada Vs NJ Gamnling tax rate difference

[jjgold]

Men Once you see this is why it will be very very difficult for New Jersey to give the gambler very competitive lines. The math just cannot favor the Nj player . I believe offshore it’s 2% tops.


Nevada taxes sportsbooks 6.75 percent. New Jersey taxes brick and mortar sports books 8.5 percent, and taxes online sportsbooks 13 percent(!), once again proving the biggest racket going is the New Jersey state legislature.

Thank You 🙏

[Waterstpub87]

Unless offshore closes, NJ would never get my money. Unless NJ offers -105 lines, with internet wagering, no chance I am switching there from Heritage, Lowvig, Bookmaker and 5dimes.

[Hman]

I've seen various numbers but ive read & heard plenty that explains this will be one of the bigger problems with legal U.S. books.

And if they ever have to award integrity fees to any of the leagues in the future, things will be even worse.

[jjgold]

It’s always a good option avenue if you want to make a cash bet and get paid after the game

The average gambler likes that especially uneducated ones.

The environments a little different experience compared to online wagering something different to do


I will visit them from time to time just to break up my day

[KVB]

Unless offshore closes, NJ would never get my money. Unless NJ offers -105 lines, with internet wagering, no chance I am switching there from Heritage, Lowvig, Bookmaker and 5dimes.

Agreed for sure but I think the tax situation will eventually get more friendly as so many establishments may want to get involved.

It may take a while as the purpose of some State's high taxes is to discourage broad sportsbook growth.

But the people will eventually speak.

[Chi_archie]

its bullshit

[Waterstpub87]

Agreed for sure but I think the tax situation will eventually get more friendly as so many establishments may want to get involved.

It may take a while as the purpose of some State's high taxes is to discourage broad sportsbook growth.

But the people will eventually speak.

I'm not so sure.

Is the state government really intelligent enough to put "No one bets here because the odds are terrible" with "we charge such high taxes they can't really lower the odds" with "We should lower taxes"

I don't think so. I don't really have much faith in the government to put this together.

Additionally lower fees only matter for the customers that sports books don't want anyway. The people who are driving sunday morning to the casino to stay all day are squares who aren't going to care about -110 vs. -105. Many of them are throwing down parlays anyway, expecting to lose, but hoping for a big payout.

[KVB]

I think, at one point, there will be lobbyiest and candidates in the back pockets of those who know how to run profitable books...or vice versa...lol.

They will change legislation for sure if there is barrier to just enter the market.

It could be a ways down the road and things might pick up after midterm elections.

It's not going to be the same government we are used to, their attitude and laws are changing and evolving.

This will take time and it won't look anything like it does today.

[Waterstpub87]

I think, at one point, there will be lobbyiest and candidates in the back pockets of those who know how to run profitable books...or vice versa...lol.

They will change legislation for sure if there is barrier to just enter the market.

It could be a ways down the road and things might pick up after midterm elections.

It's not going to be the same government we are used to, their attitude and laws are changing and evolving.

This will take time and it won't look anything like it does today.

Hope you're right and I'm wrong. Taxes on things rarely go down in my experience. If the tobacco lobby can't fight 10$ a pack, I dont know that the sport book lobby is going to get lower taxes

[jjgold]

Nj wagering has to not use Europeans companies or your going to see the high juice model

[KVB]

Hope you're right and I'm wrong. Taxes on things rarely go down in my experience. If the tobacco lobby can't fight 10$ a pack, I dont know that the sport book lobby is going to get lower taxes

The state is already making the money from the tobacco company, they are in and selling and making a ton.

Remember, I'm talking about barriers to enter the market, the books don't exist yet.

It won't be long before they realize that if they want any tax dollars at all, they need make margin friendly regulations to start up. If the books make a killing then taxes could raise and the book makes a choice.

As far as I know, even with raises in taxes, tobacco companies are still selling smokes.

[jjgold]

Nj a terrible tax state
Terrible place to live same as Cali

Liberal losers

[big joe 1212]

Football sports betting in AC will bring a ton more people to AC during the off season. This will put people in hotel rooms, restaurants, and on the casino floor.

Its a big win for AC.

Stop being so negative!

[jjgold]

Good win for ac


Not a good win for gamblers

Another option that’s all