A latest story from The New York Instances examines the dramatic growth of legalized sports activities betting all through the nation, and targeted particularly on how playing business lobbyists used questionable arguments and lavished items and donations on state lawmakers — notably in Kansas.
Within the Sunflower State, that included a dramatic lower to the state’s share of sports activities betting income from the unique plan of 20% right down to 10%. There’s additionally a provision within the invoice for sports activities betting corporations like FanDuel and DraftKings to deduct the free bets they usually disclose to first-time costumers.
Because of this, the taxable income almost utterly disappeared, because the state introduced in solely $271,000 in taxes on $350 million in bets.
Lipton joined KCUR’s Up To Date to debate the panorama of sports activities betting lobbying within the U.S. and specifics on the invoice Kansas lawmakers handed earlier this 12 months.