"Common barriers facing operators include expensive licensing fees and requirements for online sportsbooks to partner with existing in-state brick-and-mortar operators," the study reports. "In Massachusetts, for example, sportsbooks must pay an initial fee of $5 million, with another $5 million renewal fee every five years. Sportsbooks in Pennsylvania are required to pay a one-time fee of $10 million and a $250,000 renewal fee every five years."
The study found that states located in the northeast tend to favor higher tax rates for the industry while those in the West, Midwest, and South tend to be lower, although there are some exceptions.
A few of the other higher state tax rates on the industry include: Tennessee (19.7%); North Carolina (18%); Virginia (15%); Illinois (15%); Louisiana (15%); and Maryland (15%).
Nevada, which has had legalized betting since 1949, has the lowest tax rate at 6.75%. This is the same rate the state applies to all forms of gambling revenue.
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