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Currently, New Hampshire imposes one of the highest gambling taxes in the United States, setting the bar at 10% on all gambling earnings. Further, the IRS requires the state to withhold a 24% federal gambling tax on winnings over a specific bracket.
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The National Council on Problem Gambling reports 60-80% of high school students say they have gambled for money in the past year, making them a top priority for safeguards as the state expands access to sports betting.
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