Taxation

Indian Government Hits iGaming Industry With 28% Tax

It was recently revealed that the Indian government has stated that it would levy a 28% tax on the funds online gaming firms earn from their clients from each game. In addition, companies have so far paid littl...

KHRC Validates Introduction Of Sports Betting For Retail In Kentucky; To Take Effect Concurrently With Beginning Of NFL Season

Yesterday, July 10, it was revealed that the Kentucky Horse Racing Commission (KHRC) has validated the introduction of sports wagering. In addition, it will go into effect when the NFL season officially starts ...

Virginia Exceeds $1 Billion In Gross Sports Betting Profits

Recently, licensed operators submitted a May 2023 sports betting activity report to the Virginia Lottery, which the Lottery then officially unveiled. The report showed that Virginia exceeded $1 billion in gross...

Arizona’s Sports Betting Handle Hits $535 Million in April 2023

According to the latest press release of the Arizona Department of Gaming, the total amount of sports wagers placed across the state in April 2023 reached the level of more than $535 million. In the same report...

New Jersey to Extend Online Gambling For Five Years

After the move to drastically cut online casino gambling in the state, New Jersey legislators has recently proposed that internet gambling take place for at least five more years. As Associated Press reports, t...

Nevada’s Casino Gaming Wins $1.29 Billion to Remain Strong in May 2023

As Review Journal (RJ) reports, the gross generated revenue of the Nevada casino industry reached the level of $1.29 billion in May 2023, according to the data of the Nevada Gaming Control Board. Although Clark...

Sri Lanka’s Cabinet Of Ministers Validates Establishment Of Gambling Regulatory Authority

The Cabinet of Ministers of Sri Lanka officially validated a proposal to draft legislation to create the Gambling Regulatory Authority (GRA), whose main task will be to supervise the industry and make sure that...

Rhode Island Governor Signs iGaming Bill Into Law

Yesterday, June 22nd, Gov. Dan McKee officially signed into law Senate Bill 948, which expands Bally's land-based casino monopoly into iGaming. However, the governor decided to sign the legislation just hours b...

Star Wins NSW Tax Deferral and Loses Charter Hall From the Brisbane Deal

The New South Wales (NSW) Government has postponed the announced tax increase on gaming revenue for the Star Entertainment's Sydney casino less than a fortnight before the start of the new tax rate implementati...

Arizona’s Sports Betting Handle in March 2023 Exceeds $600 Million Again

The Arizona Department of Gaming (ADG) reports that the sports wagering handle in the state of Arizona reached the level of more than $644 million in March of 2023, which is the second highest monthly level sin...

Macau Legend Sells Savan Legend Casino To Focus On Macau Business

Recently, Macau Legend Development Ltd., the investment holdings company that owns the Macau Fisherman’s Wharf zone and manages the Legend Palace satellite casino, announced that it has struck an initial agreem...

Richmond City Council Votes To Bring To Life Proposed Casino Project; Second Referendum Likely This Fall

During a meeting Monday night, June 12, the Richmond City Council voted 8 to 1 in favor of the bill that would put ONE Casino+Resort back on the November ballot, which will likely move to a second referendum vo...

Macau Tax Revenue Increases 15% in May, Contributes 79% to Total Region’s Income

Inside Asian Gaming reports that the Macau government collected MOP$5.7 billion (US$706 million) in gaming tax revenue in May 2023. The source also transfers the data from the Financial Services Bureau reportin...

North Carolina Online Sports Betting Bill To Be Signed into Law

The North Carolina legislature has given a final approval on June 7, 2023 to legalize online sports gambling in the state. The bill additionally allowing sports gambling in selected land-based gambling faciliti...