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Message: [QUOTE="j66kicker, post: 2718262, member: 4447"] Hmmm. The house vig on legal spread-type sports bets is usually a little less than than 5%. Everybody's going to want their cut. Today (already) the New Jersey state legislature introduced a bill to legalize sports betting in NJ and tax bets made in person at race tracks and casinos at 8% and bets made online at 12.5%. The Feds are going to want their cut (Orrin Hatch is already calling for Congress to legislate Federal regulation for "consistency of enforcement."). And don't you think the municipalities and counties will want in on the action? Maybe the tax burden will end up being so high it will keep illegal gambling alive... ? [/QUOTE]