This new Kansas Legislature decided on an income tax rates off ten% to have sportsbooks’ net revenue. This is basically the exact same price provided by West Virginia and you may Wyoming. Western Virginia are a relevant investigations to possess Kansas, since it has also no major league activities teams however, has actually regional franchises for instance the Pittsburgh Steelers. Kansas’ populace out-of slightly below step three billion is more than an excellent million higher than Western Virginia.
At the time of , West Virginia earned $eleven,278,597 during the fees from sportsbook money out of $117,285,971. Kansas blew which ascertain water which have handles of more than just $160million and you may $189million in the first a few months of market craft.
The brand new legislation enjoys felt like the brand new shipping regarding taxation funds, with $750,100000 paid back annually towards the White collar Offense Loans. 2% of your own overall income tax will go into helping fight condition gambling. Of your left matter, 20% is certainly going with the Lottery Functioning Funds and you can 80% for the Attracting Elite Sports in order to Kansas Fund.