Economy/Finance

Nevada Resort Association Joins Kalshi Lawsuit to Challenge Gaming Laws

Vanja Mitic
Casino News, Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation, Nevada
In a significant development in the ongoing legal battle between prediction market operator KalshiEx LLC and Nevada gaming regulators, the Nevada Resort Association (NRA) has been granted permission to interven...

Brazil’s Betting Sector Sounds Alarm Over Potential Tax Increases

Johnny K.
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Brazil, World Casino News, Central & South America Gaming, Gaming Industry News, Economy/Finance, Sports betting, Taxation, Online Gambling News, Taxes
As Brazil's government considers tax reforms to offset potential fiscal shortfalls, leaders from the country’s licensed betting industry have issued a strong collective warning: raising taxes on regulated opera...

Minnesota Supreme Court to Rule on Electronic Gambling Dispute Involving Running Aces

Vanja Mitic
Tribal Gaming, U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Minnesota
A legal conflict concerning electronic gambling has escalated to the Minnesota Supreme Court, where it will decide whether off-reservation electronic tables violate state agreements that grant Native American t...

Illinois Sports Betting Tax Hike Triggers Market Drop and Industry Outcry

Johnny K.
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, North America Casino News, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, Taxation, Online Gambling News, Sports betting, Illinois, Taxes
The online sports betting industry took a significant hit this week after Illinois lawmakers unexpectedly approved a budget that includes a steep new tax on individual wagers, sending shockwaves through Wall St...

Louisiana House Passes Revised Bill to Raise Online Betting Tax

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Taxes, Louisiana
Louisiana lawmakers have taken a significant step toward restructuring the state’s online sports betting tax framework with the House’s passage of an amended version of House Bill 639. The legislation, introduc...

Michigan Online Gambling Revenue Slips Slightly in April

Johnny K.
Tribal Gaming, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Financial Press Releases, Michigan
Michigan’s online gaming market experienced a marginal dip in April 2025, as internet gaming and sports betting operators collectively reported $290.7 million in gross receipts. This marks a slight decline of 0...

Maryland Finalizes 20% Tax Rate for Online Sports Betting

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Maryland
Online sportsbook operators in Maryland are now facing a steeper tax bill after Governor Wes Moore officially enacted a law increasing the tax rate for mobile sports betting platforms. The change, which raises ...