- Player losses would be taxed at 50 percent.
IMHO, promoting gambling, in general, is typically a regressive tax and will lead more people into bankruptcy.
A point of trivia, I did not know that Penn State University apparently, is not, despite its name, in fact, a state school:
- Proceeds would be used to provide grants of up to $7,600 a year for students attending Pennsylvania's state-owned universities or community colleges. The state-owned universities are Bloomsburg, California, Cheyney, Clarion, East Stroudsburg, Edinboro, Indiana, Kutztown, Lock Haven, Mansfield, Millersville, Shippensburg, Slippery Rock and West Chester.
- The breaks would not apply to students attending private schools or the state-related schools -- Penn State, Pitt, Temple and Lincoln.
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