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by storm. State Tax Rate (retail) Tax Rate (online) Promo Deductions Alabama --- --- --- Alaska --- --- --- Arizona 8% 10% Yes Arkansas* 13% / 20% 13% / 20% No California --- --- --- Colorado 10% 10% Yes Connecticut 13. Colorado expected its sports betting tax proceeds to be 10% of revenue, but promotional deductions have whittled that number to under 5%. 5% of handle. In 2024 the cap will be reduced a further . Virginia Sees the Writing on the Wall The Ohio sports betting tax law took a similar approach to Colorado, slowly reducing the amount of promotional spending operators can deduct over a five-year period. All proceeds go to education, specifically, the Maryland Department of Education's Blueprint for Maryland's Future Fund. faux saint laurent bag
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