The Payout
Oct 25, 2019
1 minute
—KEEGAN POPE
1 SPORTS GAMBLING WILL BE A CASH COW FOR THE STATE.
The Verdict: Mostly false
State Representative Alec Garnett, the measure’s main sponsor, estimates tax revenue from legalized sports gambling will total $10 million to $12 million in.) Even that might be rosy considering Pennsylvania, a state with double Colorado’s population and a 34 percent tax on sports betting (the Centennial State’s would be 10 percent), has made just $8 million since opening sports gambling facilities in November 2018.
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