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1933 – The first form of legalized gambling became available in the form of pari-mutuel horse race betting. The Racing Act of 1933 legalized pari-mutuel betting on races. It also created the Office of Racing Commissioner to oversee the new industry. HB 4308 doesn’t change anything about the actual execution of fantasy sports sites. With the new legislation in place, DFS operators will be taxed by the state at the same rate (8.4 percent) as legal sportsbooks.
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