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Since this month, 35 states and also the Area of Columbia have licensed the practice in some kind, with Massachusetts coming to be the latest state to do so in August. Like wagerers and also state taxes, sportsbooks undergo various licensing costs as well as tax percentages depending upon the state. This describes why sportsbooks battle tough to set up shop in some states and also not others (because the cost/benefit ratio is out of whack). If you even have a modestly successful year betting on sporting activities, be prepared to allocate a few of that cash for the federal government.
