Taxation

Dina Titus Pushes to Attach FAIR BET Act to NDAA 2026 to Reinstate Full Gambling Loss Deduction

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Financial Press Releases, Nevada
Nevada Rep. Dina Titus is intensifying efforts to reverse a controversial tax change impacting gamblers across the United States. On Wednesday, August 27, the co-chair of the Congressional Gaming Caucus announc...

Caesars to Introduce 25-Cent Per-Bet Fee for Illinois Online Sportsbook

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
Caesars Sportsbook will soon be adding an extra charge for Illinois bettors. Beginning September 1, the operator will implement a 25-cent fee on every online wager placed in the state, a direct response to Illi...

Flutter Surpasses Q2 Earnings Targets, Lifts 2025 Outlook

Johnny K.
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, Sports betting, Online Gambling News, Taxation, Taxes, Financial Press Releases
Flutter Entertainment, the global leader in online sports betting and iGaming, posted second-quarter 2025 results that comfortably outpaced analyst projections, propelled by strong performances in both the U.S....

Netherlands Gambling Tax Increase Fails to Meet Revenue Goals, Sparks Unintended Consequences

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Mobile gaming, Taxation, Online Gambling News, Taxes, Netherlands
The Netherlands’ recent hike in gambling tax, from 30.5% to 34.2%, has failed to achieve the government’s intended goal of increasing tax revenues. Despite the higher tax rate, the first half of 2025 saw a sign...

Philippines’ Online Gaming Surges Past ₱114B, Now Dominates Industry Revenues

Johnny K.
Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Taxation, Online Gambling News, Asian Casino News, Philippines
The Philippine gaming industry saw a major shift in the first half of 2025 as the online gaming segment surged to unprecedented heights, surpassing traditional casino earnings for the first time. According to t...

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

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, 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, North America Casino News, World 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...