A Drake University professor says research shows Iowa won’t reap hundreds of millions — or even tens of millions more in gambling taxes if the state legalizes and taxes sports betting within the state’s borders. Keith Miller is an expert on gambling law.
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Miller says sports books are “low margin” operations.
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In 2017, the state-licensed casinos paid nearly three-hundred-million in TAXES to the state, on about one-and-a-half BILLION dollars in revenue. There will be public hearings at the statehouse Wednesday and Thursday on proposals to legalize sports wagering within the state’s borders.
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