Taxation

Wyoming Legislature Proposes Significant Tax Increases on Gambling Industries

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gaming software, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Horse Racing, Taxation, Online Gambling News, Sports betting, 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.
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Taxation, Sports betting, Online Gambling News, 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, 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
Gaming Law & Legislation, Online gaming software, Latest Casino and Gambling News, 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, Online Gambling News, Taxation, 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, Latest Casino and Gambling News, Gaming Law & Legislation, 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...