- Posts: 1201
- GoldenHas donated $ to the upkeep of GPL
I was shocked to see MN has 2 taxes for “Lawful gambling” (36% + 8.5%).
Our local government charges a 10% tax.
So our net receipts are taxed 54.5%. After you subtract cost of tickets, booth rental, paying for pull tab employees your net income is less than 20%!
I am not intending this to be political. I just thought it was interesting how little money actually makes it to the intended charity.