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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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Large groups of guys and women ¡ª ¡°It¡¯s about 50-50 here most nights,¡± a waitress says ¡ª mingle in the dimly lit bar, which features distressed brick walls (it¡¯s taken over the space once inhabited by Brickwall Tavern), exposed black HVAC piping, and a concrete floor.
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