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We now have two nickels and three pennies, which constitute our increase via gross gaming revenue (GGR). Then the deductions begin, most notably in the form of state taxes, which vary from state to state, and supplier fees. Thus, our net gaming revenue (NGR) will be lower, perhaps notably so, compared to our GGR. If our company is catering to a state like Pennsylvania, that 36% tax rate for sports betting, 54% tax rate for slots, and 16% tax rate for table games will sting. If it is in New Jersey, the 15% rate is less ¡°taxing.¡±
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Licensed casinos operate in states where laws and regulations control their work. Therefore, the gaming must be legitimate, and all transactions must be protected. Casinos are respectable, trustworthy, reliable, and competent if they perform under a full license.
In addition, a Schoolfield vision plan being drawn up by WRT, an urban planning and design and architectural firm in Philadelphia, will address traffic issues as well.
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