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Understand from them on the positive aspects and regulations necessary to succeed. In an agreement Stephenson announced in March, charities who lost revenue due to alterations in e-pulltab guidelines would get $40 million in tax cuts which would be financed by a 20% tax on sports betting income. In its current type, Klein’s bill taxes sports betting at 20%, which would bring in about $18 million annually. Of that amount, five% goes to the racetracks and ten% goes to addressing issue gambling. Other amounts go to youth sports and the state tourism agency for sports and events grants. Issues about dilemma gambling also have led to option proposals, which includes a sports betting bill from Sen. John Marty, a Roseville DFLer who chairs the Senate Finance Committee. The committee is a important hurdle any sports betting bill should clear ahead of seeing a vote of the whole Senate. The transition to FanDuel’s management has raised questions about the regulatory framework governing sports betting in DC.

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