\u00a0<\/span><\/p>\n“Allowing an unlimited number of [sports betting] licensees in Maine, many without an extensive framework of security, could result in significant regulatory burden for the state and fraudulent activity or predatory practices,” said Jeff Morris, Penn National’s vice president of public affairs and government relations.<\/p>\n
Potential Revenue<\/b><\/h2>\n
Luchini’s early 2021 sports betting bill draft suggests that each approved online sportsbook operator pay $20,000 a year to the state for such gaming privileges.\u00a0<\/span><\/p>\n\n
The legislation — Senate Paper 1532 — does afford a tax benefit for the casinos. For land-based sportsbooks at Hollywood or Oxford, or pari-mutuel venues, the gross gaming revenue tax on sports betting would be 10 percent. For online sportsbook revenues, a 16 percent tax would be implemented.\u00a0<\/span><\/p>\n<\/div>\nFiscal projections say Maine could stand to receive $5 million annually in new tax revenue from legalizing sports betting once the market is fully up and running.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Maine lawmakers introduced four pieces of legislation this year seeking to legalize sports betting. But last week, three were tossed out of committee.\u00a0 On Friday, the Legislature Committee on Veterans and Legal Affairs rejected three articles that sought to expand gaming in the state by way of sports gambling. The decision came after committee members […]<\/p>\n","protected":false},"author":25,"featured_media":175076,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,1074],"tags":[],"acf":[],"yoast_head":"\n
Maine Lawmakers Toss Three Sports Betting Bills to Focus on One<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n