South Dakota approves tax changes ahead of sports betting introduction
South Dakota has taken a step closer to the limited introduction of sports betting after state gambling officials amended and passed final regulations.
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The rules, having now been approved by South Dakota Commission on Gaming (SDCG), are set to be considered by the state legislature for approval on 2 August, with operators to then be licensed ahead of the start of the National Football League (NFL) season in September.
The approved regulations include a significant change to the initial proposals with federal excise taxes no longer allowed to be deducted from sports wagering revenue totals. Operators are to pay a state tax rate on sports betting revenue of 9%.