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Potential tax increases could potentially inhibit the expansion of the sports betting sector, according to Fitch.

Increase in tax rates on state sports betting could potentially hamper the growth trajectory of the online gaming sector, according to Fitch Ratings Associate Director David Lowenstein in a letter to investors on June 16. Lowenstein noted, though, that the ratings of leading companies such as...

Increase in Taxes May Hem in Expansion of Sports Betting, According to Fitch
Increase in Taxes May Hem in Expansion of Sports Betting, According to Fitch

Potential tax increases could potentially inhibit the expansion of the sports betting sector, according to Fitch.

Sports Betting Woes: A Tale of Soaring Taxes and Potential Consequences

In the realm of sports betting, escalating taxes present a financial challenge for operators, potentially affecting the long-term viability and growth of the industry. Consequently, bettors may need to scrutinize their finances more closely to maintain a sustainable interest in sports-related wagers.

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