Rice University: Taxing Online Sports Betting, Fantasy Sports May Help States Cover Pandemic Losses
September 18, 2020
September 18, 2020
HOUSTON, Texas, Sept. 18 -- Rice University issued the following news release:
Taxing online fantasy sports and sports betting may help states recoup some of the sales tax revenue lost during the coronavirus pandemic, according to a finance expert at Rice University's Baker Institute for Public Policy.
Joyce Beebe, a fellow in public finance, writes that COVID-19 has saddled state governments with large revenue shortages, highlighted by a 21% plunge in average sale . . .
Taxing online fantasy sports and sports betting may help states recoup some of the sales tax revenue lost during the coronavirus pandemic, according to a finance expert at Rice University's Baker Institute for Public Policy.
Joyce Beebe, a fellow in public finance, writes that COVID-19 has saddled state governments with large revenue shortages, highlighted by a 21% plunge in average sale . . .