Economy/Finance

Illinois Sports Betting Tax Hike Triggers Market Drop and Industry Outcry

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Taxation, Sports betting, Online Gambling News, 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, Taxation, Online Gambling News, 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.
Latest Casino and Gambling News, U.S.A., Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Sports betting, Taxation, Online Gambling News, 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 ...

New Jersey’s April Gaming Report Shows Online Surge, Retail Struggles

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Financial Press Releases, New Jersey
New Jersey’s gaming market continued to shift online in April 2025, as internet casino platforms posted substantial gains while traditional casinos and sportsbooks experienced notable declines. According to the...