For sports betting at the casinos, after winners are paid, Scientific Games (system provider) receives 12.5 percent. From the remainder, the State share is 50 percent, the casinos get 40 percent, and ten percent goes to supplement horse racing purses,\u201d explained Kirk.<\/p><\/blockquote>\n
While Delaware\u2019s early numbers are good, there are serious concerns that the disproportionately high tax-that-isn\u2019t will stymie the market. Sports betting is a small-margin business, and one that needs to be able to compete effectively against the un-taxed black market to thrive.<\/p>\n
\u201cStates should focus on the consumer experience and empower licensed, regulated operators the ability to offer a competitive product that fosters betting in a safe way and shuts down the illegal market,\u201d AGA senior vice president of public affairs Sara Slane told LSR.<\/em> \u201cHigh tax rates hinder the legal market\u2019s ability to compete with shady, illegal operators that don\u2019t pay taxes back to the state.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"A total of $7,003,725 passed through Delaware\u2019s brand-new sports books during the first 20 days of their full-scale sports betting operations in June. If they can keep that up, it\u2019s the equivalent of generating over $127 million per year in handle — not bad for a tiny state when you consider the sports books of […]<\/p>\n","protected":false},"author":36,"featured_media":82655,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[],"acf":[],"yoast_head":"\n
Racetracks Handle $7 Million in First 20 Days of Delaware Sports Betting<\/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