Taxation

Brazil’s Betting Sector Sounds Alarm Over Potential Tax Increases

Johnny K.
Gaming Law & Legislation, Latest Casino and Gambling News, Brazil, Online gambling regulation, World Casino News, Central & South America Gaming, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, 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...

Illinois Sports Betting Tax Hike Triggers Market Drop and Industry Outcry

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

Illinois Budget Passes with Significant Sports Betting Tax Hike

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Sports betting, Taxation, Online Gambling News, Illinois, Taxes
In a late-night vote just minutes before the constitutional deadline, Illinois lawmakers passed a $55.2 billion state budget that introduces sweeping changes to the taxation of sports wagering. The new fiscal p...

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...

Maryland Finalizes 20% Tax Rate for Online Sports Betting

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, 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 ...

Ohio Prepares for New Online Casino Legislation

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Taxation, Online Gambling News, Taxes, Ohio
Ohio is on the verge of considering new legislation that would allow residents to participate in online casino gambling, a move designed to create additional state revenue while avoiding controversial tax hikes...

Isle of Man Gambling Regulator Grapples with £778K Revenue Shortfall

Johnny K.
Isle of man, Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Taxation
The Isle of Man’s Gambling Supervision Commission (GSC) has projected a substantial funding gap of £778,000 for the 2025-26 fiscal year, pointing to a steep decline in both new and existing gaming licenses as t...

Senate Budget Would Boost UNC and NC State Funding, Mandate In-State Games

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Sports betting, North Carolina
North Carolina lawmakers are moving forward with a sweeping budget plan that could significantly transform how sports betting revenue is taxed and distributed, particularly benefiting the state’s flagship publi...

North Carolina Bill Seeks to Boost High School Coaches’ Pay Using Sports Betting Revenue

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Sports betting, Taxation, Online Gambling News, North Carolina
Lawmakers in North Carolina have introduced a new measure aimed at addressing financial challenges faced by high school athletic coaches. Senate Bill 657, also known as the "Keeping Our Coaches Act," proposes a...

Bipartisan Effort to Eliminate Outdated Sports Betting Tax Gains Momentum

Vanja Mitic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Mobile gaming, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Taxes
In a persistent move to modernize sports betting regulations, bipartisan co-chairs of the Congressional Gaming Caucus, Democratic Representative Dina Titus of Nevada and Republican Representative Guy Reschentha...