Celebrating 75 Years of Serving Nevada’s Legal, Business, Government, and Civic Communities

U.S. Industry Heavyweights Warn of Sports-Betting Tax Turbulence

Gamblingcompliance.com, April 17, 2018, by Chris Krafcik

The U.S. casino industry’s ex-chief lobbyist and Nevada’s former top gambling regulator sounded the same alarm at a conference last week: many U.S. states are considering sports-betting tax rates that do not square with industry economics.

“From what I’ve read, there are an awful lot of governors and legislators who think sports betting is a golden goose,” Frank Fahrenkopf Jr., who led the American Gaming Association from 1995 to 2013, said during a sports law symposium last Friday at the University of California, Berkeley.

With a U.S. Supreme Court ruling on a federal sports-betting ban expected in the near future, 14 states, according to GamblingCompliance’s U.S. Sports Betting Tracker, have considered legislation this year that would regulate and tax sports wagering if that ban is overturned.

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In 2024, McDonald Carano celebrates 75 years of serving Nevada’s legal, business, government, and civic communities. More than 60 lawyers and government relations professionals serve state, national, and international clients from our offices in Reno, Las Vegas, and Carson City. McDonald Carano provides legal services and government affairs and advocacy counsel to startups, corporations, trade associations, nonprofits, public entities, high-net-worth individuals, investors, and public-private partnerships throughout Nevada. We are proud to be your Nevada law firm since 1949.

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