Special Report

States Profiting the Most From Sin

Methodology

To identify the states profiting the most from sin, 24/7 Wall St. reviewed state tobacco taxes, alcohol taxes, casino taxes, as well as proceeds from state-controlled liquor stores and state lotteries. States were ranked by sin taxes as a percentage of the state’s total tax revenue. Tobacco, alcohol, liquor store, lottery income, and total tax revenue came from the Census Bureau’s State Government Finances report. Casino taxes came from the American Gaming Association’s “State of the States” 2017 report, which includes 2016 data. All other figures are for fiscal year 2016, the most recent year for which all data in the index was available. 24/7 Wall St. also reviewed excise tax rates as of Jan. 1, 2019 from the Tax Foundation. We also reviewed alcohol consumption data and adult smoking rates from the Centers for Disease Control and Prevention.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.