Taxation

Republicans Block Repeal of Gambling Deduction Cap, Nevada Lawmakers Push Back

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Taxes, Nevada
Efforts to undo a newly enacted tax provision affecting gambling losses came to a halt in the U.S. Senate on Thursday, as Republican lawmakers blocked a measure led by Nevada Democrat Sen. Catherine Cortez Mast...

Nevada Congresswoman Pushes Back on Gambling Loss Cap with FAIR BET Act

Johnny K.
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Taxes, Nevada
Nevada Representative Dina Titus is taking a firm stand against a controversial new tax change impacting gamblers across the country. On Monday, she introduced the Fair Accounting for Income Realized from Betti...

Tax Change in Trump’s ‘Big Beautiful Bill’ Could Devastate Professional Gamblers

Johnny K.
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Online Gambling News, Taxes
A controversial tax amendment tucked into the Senate-passed version of President Donald Trump’s sweeping “One Big Beautiful Bill Act” (OBBBA) is drawing sharp criticism from gamblers, lawmakers, and gaming indu...

Wyoming Legislature Proposes Significant Tax Increases on Gambling Industries

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Horse Racing, Sports betting, Taxation, Online Gambling News, Taxes, Wyoming
A legislative committee in Wyoming has proposed sweeping tax hikes targeting the state's gambling sector, signaling a move to tighten regulations and capture a larger share of the growing revenue from gaming ac...

DraftKings to Charge Per-Bet Fee in Illinois Starting September

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, Sports betting, Online Gambling News, Taxation, Illinois
DraftKings has announced that it will begin charging Illinois customers a 50-cent fee on every online and mobile sports wager starting September 1, 2025. This new charge comes in response to a recently passed t...

FanDuel to Introduce Per-Bet Fee in Illinois Following New State Tax

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, Sports betting, Online Gambling News, Taxation, Illinois, Taxes
Flutter Entertainment, the parent company of FanDuel, has announced a new transaction fee that will impact sports bettors in Illinois later this year. Beginning September 1, 2025, customers placing bets on FanD...

Brazil’s Betting Sector Sounds Alarm Over Potential Tax Increases

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

Illinois Budget Passes with Significant Sports Betting Tax Hike

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