With the NFL's season officially underway, bettors might want to add a new angle to their strategies for picking the next Super Bowl winner: whether the team is from a high or low tax state.
According to CBS news, NFL teams that play in lower income tax states have a greater chance of making the playoffs than teams in higher tax states. Teams from California -- which had the highest income tax rate during the 23-year period from 1994 to 2016 examined in the study -- won 2.7 fewer games per year than teams in states such as Florida and Texas, which don't levy any personal income tax.
So, what does this have to do with winning football games? NFL players have strong incentives to consider the tax implications of the teams they choose to play for, bringing the best players to certain states. According to the report, the impact is substantial to NFL teams.
Click here to learn more about income taxes in your state and how your favorite team is affected.
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