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Currently, New Hampshire imposes one of the highest gambling taxes in the United States, setting the bar at 10% on all gambling earnings. Further, the IRS requires the state to withhold a 24% federal gambling tax on winnings over a specific bracket.
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And it provides a window to sports they don¡¯t usually follow. The average baseball fan is 57 years old. Ball games are too long and move too slowly for younger viewers. So they engage in NRFI (No Runs First Inning) bets, putting down money on whether a run will be scored in the first.
With Luck ruled out, Pittsburgh closed at around an 8-point favorite. The Steelers beat the Colts 28-7.
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In May 2018, the U.S. Supreme Court, cheered on by states looking for more tax revenue and leagues abandoning their pseudo-moral stances when they realized how much they could profit from relationships with gaming companies, ruled that states could allow sports gambling. Within a month, New Jersey residents and visitors were placing bets at casinos and other outlets. Pennsylvania followed later that year.
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This article is brought to you by Adam Walker and does not necessarily reflect the view of The Herald
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