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Not exactly surcharge.. but these do affect bettors as well.
Source Market Fee's are charged to ADWs in addition to Host Fee's and others when someone from a "source market state/area" makes a wager. Even if that wager is on an out of state track. This lowers rewards/rebates for those players and in some cases can cause ADWs to lose money on certain pools for every wager.
Source Market Fee's are split to varying degree among random state funds, breeders, purses, commissions and tracks. Each state is extremely different in allocation.
This is NOT an exhaustive list.. I know I don't have everything.
Statewide Fees
KY Excise Tax 0.5%
Wyoming Source Market Fee(SMF)3%
Montana SMF 4.5%
NY SMF 5%
Maryland SMF 7%
Washington SMF 7%
Idaho SMF 10%
Virginia SMF 11.5%?? (not sure this is still correct.. but its insane)
Arkansas has SMF fee's but I do not know it.
Radius based fees (only certain zipcodes around track)
Ohio 3%
Florida SMF 3.5% Horse, 3% Greyhound
Kentucky SMF 3.5%
California has certain rules based on Geolocation around the tracks.
Indiana is currently implementing a SMF.
Other states are working on it in legislature.
__________________
Jason Martin
IT Director
AmWest Entertainment - AmWager
Last edited by Gorrex; 04-10-2019 at 08:01 AM.
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