https://pligg.samweber.biz/story.php?title=new-jersey-passes-nevada-in-sports-gambling-%E2%80%94-must-las-vegas-be-worried One particular of the benefits was the passage of a 10% federal excise tax (FET) on "any wager with respect to a sports event or a contest." The tax was devastating to the sports books, which had been generating only a modest profit anyway. Tue, 03 Mar 2020 17:44:15 UTC en