We now have two nickels and three pennies, which constitute our increase via gross gaming revenue (GGR). Then the deductions begin, most notably in the form of state taxes, which vary from state to state, and supplier fees. Thus, our net gaming revenue (NGR) will be lower, perhaps notably so, compared to our GGR. If our company is catering to a state like Pennsylvania, that 36% tax rate for sports betting, 54% tax rate for slots, and 16% tax rate for table games will sting. If it is in New Jersey, the 15% rate is less ¡°taxing.¡±
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Levant even says that the NCPG, of which Ercole¡¯s organization is a member, is culpable, because it¡¯s funded in part by the NFL, which pledged $6.2 million to the group in 2021. Meanwhile, the NFL has partnerships with seven different gaming companies. The goal, plainly speaking, is to reap ever-growing profits from gambling.
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