In the report, VIXIO authors stated the projected tax revenue reflected an iGaming market that reached a point of maturity, which potentially doesn’t take place until at least the second or third year of full operations. Las Vegas-based Light & Wonder provides online gaming platforms, gaming content and integration systems between traditional casino games and digital products. Online gaming includes slot-themed games and traditional casino table games played on a digital platform. VIXIO developed the forecasts independent from Light & Wonder, which changed its name from Scientific Games earlier this year. The $6.35 billion tax revenue figure was based on an assumed 20 percent tax rate for new states - higher than Nevada’s 6.75 percent rate, in line with a 19 percent tax in Michigan, but lower than Pennsylvania’s 54 percent tax for online slots. As it stands now, Nevada only allows online poker. The report, produced by VIXIO GamblingCompliance, looked at the potential financial results if internet gaming – referred to as iGaming – was legal in the 42 states that currently allow land-based casinos, mobile sports betting or both. A study commissioned by gaming equipment provider and developer Light & Wonder found that expanding legal online casinos to additional states could produce annual revenue of more than $30 billion with tax revenue of $6.35 billion.
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