ˇ°We were all high-fiving, and then they faked it,ˇ± says Scott, a 29-year-old engineer who lives in West Chester. ˇ°We were screaming and cursing. We all still tell that story.ˇ±
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The total taxable gaming revenue for sports betting in August was $8,386,361, with $7,407,202 coming online, up 34.2% from $6.25 million in July. The state tax revenue was just over $1.15 million in August
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These markets require licensing fees and, oftentimes, high taxes. Online operators might be seeking lower payout percentages to help offset these costs.
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ˇ°Oh well,ˇ± Kevin says with a shrug.
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