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A whopping ten per cent excise tax on sports betting take care of – Portion of the Profits Act of 1951 – efficiently shuttled many lawful sports betting operators, while others sought out much less-than-legal means round the tax.
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That set in motion a frenzy of action across the nation – most considerably in New Jersey, which was predicted to be Floor Zero for The brand new era of U.S. sports betting.
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