Taxation

Massachusetts Sets New Record for Casino and Sports Betting Revenue in September

Johnny K.
Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Sports betting, Taxation, Financial Press Releases, Massachusetts
In September 2024, Massachusetts experienced an unprecedented surge in gaming and sports betting revenue, setting new records for both sectors. According to the Massachusetts Gaming Commission (MGC) September 2...

SkyCity Ordered to Pay Additional $13.1 Million in Casino Duty Following High Court Ruling

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, Australia, World Casino News, Gaming Industry News, Taxation, Oceania Casino News, Fines, Lawsuits & Litigation
SkyCity Entertainment Group has been ordered to pay an additional $13.1 million in casino duty to the South Australian government following a ruling from the country’s High Court. This decision comes after a lo...

Michigan’s Online Gambling Revenue Jumps in August, iGaming Leads Growth

Johnny K.
Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Taxes, Financial Press Releases, Michigan
Michigan's online gambling market continues to thrive, with the state's iGaming sector leading a significant revenue increase in August. The Michigan Gaming Control Board (MGCB) revealed that the total gross re...

PAGCOR Announces Significant Fee Reductions for Online Gaming in the Philippines

Johnny K.
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Online Gambling News, Taxation, Philippines
In a strategic move to stimulate the Philippine gaming market, PAGCOR (Philippine Amusement and Gaming Corporation) has announced a significant reduction in license fees charged to the country's integrated reso...

Borgata Understatement of Gross Revenue Violations; Ordered to Pay $1.3 MIllion by NJDGE

Vanja Mitic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Tax Evasion, Taxation, Crime, Fines, Lawsuits & Litigation, New Jersey
Atlantic City’s premier casino, the Borgata, has recently made headlines for underpaying its internet gambling taxes twice, according to a recent Associated Press (AP) report. New Jersey regulators identified t...

DraftKings Backs Missouri Sports Betting Initiative with $3.5 Million Donation

Johnny K.
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Licenses, Sports betting, Online Gambling News, Taxation, Missouri
In a significant move to sway Missouri voters towards legalizing sports betting, the campaign has received a substantial financial boost. DraftKings' parent company, DK Crown Holdings, has contributed $3.5 mill...

DraftKings Implements Surcharge in Response to High State Taxes

Johnny K.
Vermont, U.S.A., Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Taxation, Illinois, Taxes, New York, Pennsylvania
In a bold move reflective of the changing fiscal landscape in the United States, DraftKings Inc. has announced plans to implement a surcharge for customers in states with high gambling taxes. This decision come...

US Senators Introduce WAGER Act to Eliminate Sports Betting Excise Taxes

Vanja Mitic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Taxes
U.S. Senators Catherine Cortez Masto (D-Nev.) and Cindy Hyde-Smith (R-Miss.) have recently introduced the Withdrawing Arduous Gaming Excise Rates (WAGER) Act, a pivotal piece of bipartisan legislation designed ...

US Tax Authority Announces Northern Marianas Gaming Regulator Owes $5.8M in Taxes

Johnny K.
Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Taxation, Asian Casino News, Bankruptcy, Fines, Lawsuits & Litigation, Northern Mariana Islands
The US Internal Revenue Service (IRS) has filed a federal tax lien against the Commonwealth Casino Commission (CCC) of the Northern Mariana Islands, claiming over $5.8 million in unpaid taxes dating back to 202...

NSW Government Contemplates Raising Betting Tax to 20% Prompted by Tabcorp Proposal, Impacting Major Bookmakers

Vanja Mitic
Australia, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Oceania Casino News, Taxes
The New South Wales (NSW) government is deliberating on the possibility of raising the tax on all bets made within the state from 15 to 20 percent, prompted by a proposal from industry leader Tabcorp. If implem...

Pagcor Chairman Unveils Plans to Reduce E-Games Tariffs, Boosting Philippines’ Gaming Investment Appeal

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Economy/Finance, Online Gambling News, Taxation, Asian Casino News, Taxes, Philippines
In a move aimed at fostering industry growth and attracting more investment, Alejandro Tengco, chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor), revealed plans to reduce once again the rate...

FanDuel and DraftKings Grapple with Illinois Sports Wagering Tax Hike as Governor Pritzker Defends Revenue Boost

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Illinois
Illinois' online sports betting landscape faces upheaval as major players like FanDuel and DraftKings confront the repercussions of a significant tax increase. Governor J.B. Pritzker defends the move, asserting...

DraftKings and Flutter Stocks Dip After Illinois Budget Agreement Introduces Tax Hike on Sports Betting

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Taxation, Illinois, Taxes
Shares of major sports betting companies, including DraftKings and Flutter, experienced significant declines following the approval of a substantial tax increase on sports bets in Illinois. The state's fiscal 2...