Written by :
Published on :
Wisconsin could be open to allowing sports betting at statewide establishments in the not-so-distant future! For now, in Madison and elsewhere throughout the state, bookies own the territory. And even if the state allows sportsbooks to operate here, high taxation and lack of anonymity will ultimately drive folks back towards the bookies. It has never been a better time to start your own sportsbook.
Benefits to Starting a Sportsbook in Madison, WI
States that have opened up sportsbooks since this past May's Supreme Court ruling that legalizes sports wagering demonstrate that, while the operations look nice, have plenty of offerings and the apps are slick......what about those damn taxes. New Jersey imposes a 13% tax on Web sports betting. OUCH! Bookies obviously don't report your winnings to the IRS. This is left up to the player to do so.
Anonymity, a wider selection of sports betting options, futures, props and often better lines are just a few of the advantages bookies offer to area sports bettors.
Why AcePerHead
When Will I Be Able to Bet Online With a Wisconsin-Based Site or App?
A recent U.S. Supreme Court decision opened the doors for legalized sports betting in the United States.
Wisconsin is not among the states that have drawn up legislation authorizing sports betting. Thus, while the opposition is not signficant, the urgency to offer this activity is just not there at this time. We can likely anticipate another College Football season where local books and offshore wagering sites rule the roost.
Whereas internationally-licensed sportsbooks (also referred to as offshore sportsbooks) do not impose a tax on wagers, individual U.S. states will. For example, New Jersey imposes a 10.75% tax at its newly opened sportsbooks and 13% tax for online wagering.
- Don Shapiro, Gambling911.com
