The possibility of sports betting in Maine was revived, as a bipartisan legislative panel group came to a deal Friday on taxing and regulating the industry.
Our info partners at CBS 13 say the group agreed to tax online and mobile revenue at 16 percent while taxing Maine-based facilities such as casinos and off-track betting at 10 percent. However, the group was split 5-3, on whether to force online or mobile sports betting sites to get licenses only by allying with in-state locations. The majority of the group argued on Friday that tying online licenses to physical locations would be unnecessary barrier to market entry and that the difference in taxation on sports betting revenue was aimed at favoring Maine businesses over those that don’t pay property taxes in Maine.
The state could see at least 3.8 million dollars in annual revenue once the law is implemented.
