Quarterly Summary of State and Local Tax Revenue Shows Nationwide Surge in Sports Betting Revenue
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A quarterly summary of state and local tax revenue indicates a nationwide surge in sports betting revenue. However, the picture for other types of tax revenue is mixed, with reports of increases in some areas, such as local sales tax collections in New York, and decreases in others, like the state and local property tax revenue share. The overall trend in tax revenue is unclear, with various reports highlighting different sources of revenue, including marijuana revenue and property tax collections.
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