Hawaii Sports Betting Bill Seeks 55% Tax Rate
There are only two states where gambling is prohibited: Hawaii and Utah. But that number could be dropping if one politician gets his way and can bring Hawaii sports betting to the islands. And that’s where Representative John Mizuno comes in. He introduced HB 1815 last week to do just that. But in addition to allowing residents to bet on sports, the legislation says that “There shall be levied, assessed, and collected a tax of fifty-five percent on all winnings paid out to any person by a sports wagering provider. The tax revenues shall be deposited into the sports wagering…
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