Even if they bet on black, they’re winding up in the red! Such is the plight of the states that rely on gambling for a major portion of their revenue.  And that means bad news for your business – no matter where you’re located.

Check out the bleak tallies:

• The 12 states with casinos experienced a 7.4% drop in gambling revenue, while
• The 43 states with lotteries are earning 2.6% fewer gambling dollars.

Considering that these sources bring in billions for the states that offer them, this hit is a huge one.

That’s on top of lackluster collections in other revenue streams.

They can’t force folks to the blackjack tables or the convenience stores to buy more PowerBall tickets.

So they’ll be looking to you to help make up their shortfalls.

3 areas to watch now

Yes, you may see some state tax hikes to make up the difference, but those will take a while to pass.

One of the most immediate targets for a hike: a surge in sales tax enforcement.

Many experts think you’ll feel that in three places:

1. An increase in audits, meaning there’s no room for missteps.
2. Another look at nexus, so even if you’re in a gambling-free state, you could still get popped.
3. A review of voluntary compliance programs, to get more folks to come clean on past transgressions in return for waiving penalties and interest.