Taxation

Georgia Fails Again to Legalize Sports Wagering due to Disagreements Between Lawmakers Over Tax Money

Marija Malenovic
Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Sports betting, Taxation, Georgia-Eurasia, Taxes
An attempt to officially approve sports wagering in Georgia failed again this year. The reason for this is that lawmakers couldn't reach compromise on how to spend the collected tax money. Both bills couldn'...

New Jersey Bill Proposes Tax Increase on Online Sports Betting and Casino Gaming to 30%

Marija Malenovic
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, Online Gambling News, Sports betting, Taxes, New Jersey
New Jersey is contemplating raising the state's online casino gaming and sports wagering tax rate to a maximum of 30%. Additionally, Senator John McKeon is cited as the lead sponsor of the tax rate hike legisla...

Georgia Makes Necessary Updates to “Electronic Registry of Citizens” to Comply with Amendments to its Gambling Laws

Marija Malenovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Taxation, Online Gambling News, Georgia-Eurasia, Taxes
Georgia's Ministry of Finance has overhauled the "electronic registry of citizens" to abide by the impending amendments to the gambling laws of the Caucasus nation. Updated laws: Implemented by the execut...

Amended Maryland Online Casino Bill Heads to Senate After House Passage

Marija Malenovic
U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licenses, Online Gambling News, Sports betting, Taxation, Licensing, Taxes, Maryland
Online casino bill, HB 1319, authored by Maryland Rep. Vanessa Atterbeary, has officially passed the House of Representatives and is on its way to the Senate for approval. Non-unanimous vote: On March 16,...

Bay State Casinos Made $156M in February 2024; Sportsbooks Handled $5.98B Since 2023 Launch

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Taxation, Online Gambling News, Sports betting, Financial Press Releases, Massachusetts
The Massachusetts Gaming Commission (MGC) has reported that the state gaming industry generated $156.12 million in gross gaming revenues (GGR) in February 2024. According to the MGC data, three land-based casin...

Hard Rock Casino Northern Indiana Hit $37.9Million Gaming Win In February 2024

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, U.S.A., Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Indiana, Taxes, Financial Press Releases
An iconic gaming and entertainment venue, Hard Rock Casino Northern Indiana, generated almost one fifth of the total gaming revenues in the state in February 2024. According to the Indiana Gaming Commission (IG...

Super Bowl-Driven Arizona Sport Betting Handle Strikes $706 Million in January 2024

Radosav Milutinovic
NFL, U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, North America Casino News, Gaming Industry News, Arizona, Mobile gaming, Licensed online casinos in USA, Licenses, Online Gambling News, Sports betting, Taxation, United Kingdom
The state gaming, racing, and betting regulatory agency, Arizona Department of Gaming (ADG), reports that the sports betting handle in Arizona amounted to almost $706.4 million in January 2024. According to the...

New York Sports Wagering Revenue Sees Biggest Drop In February Since August 2023

Marija Malenovic
Latest Casino and Gambling News, Casino News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Taxation, Financial Press Releases, New York
New York's sports wagering revenue saw a decline in February, largely due to the state's lack of a full slate of football. Combined with Super Bowl week, during which BetMGM reported a loss of $9.6m on the Big ...

Bally’s Chicago Generates Record $1 Million in Tax Revenue in February 2024; Visits to Illinois Casinos Exceeded 1Million Count

Radosav Milutinovic
Latest Casino and Gambling News, U.S.A., Gaming Industry News, Casino project updates, Economy/Finance, Licensed online casinos in USA, Taxation, Online Gambling News, Illinois, Financial Press Releases
Gaming and entertainment giant Bally’s Chicago has set a $1 million record in tax revenues in February 2024 for the very first time. The exceptional contribution to the local community reportedly resulted from ...

Rhode Island Launches Legal iGaming Operations Expecting Bally’s to Boost Revenue Figures

Radosav Milutinovic
Gaming Law & Legislation, Casino News, U.S.A., Latest Casino and Gambling News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Licensed online casinos in USA, Licenses, Sports betting, Taxation, Online Gambling News, Mergers, Acquisitions & Partnerships, Rhode Island
Following the recent legalization of igaming in Rhode Island and the last week's technical trial, casino and entertainment giant Bally's Corporation will launch its online casino in the state today. From now on...

Vietnam Lawmakers Prescribe Tender Process for International Football Betting Operators

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Horse Racing, Taxation, Online Gambling News, Asian Casino News, Sports betting, Vietnam
International football betting operators looking to enter the legal Vietnamese wagering market will have to take part in a tender process called by the Government, according to the recently issued governmental ...

Nevada Reps. Get Support From IRS Advisory Council In Effort To Lift Tax Threshold On Slot Machine Jackpots

Marija Malenovic
Jackpot Winners, Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Taxes, Nevada
Leaders of Congress, including Dina Titus (D-NV) who have been requesting from the Internal Revenue Service (IRS) to increase the tax reporting limit on jackpots from slot machines for almost a decade, have rec...

Detroit Casinos Generate $94.4 Million in Revenue In January 2024

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Taxes, Michigan
In January 2024, the three Detroit casino operators experienced a decline in table games and slot revenue across their land-based facilities in comparison to the same month last year. Michigan Gaming Control Bo...

Gov. Shapiro Plans To Regulate Skill Games In July In His 2024 Budget Plan

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Game manufacturers, Taxation, Taxes, Pennsylvania
Recently, Josh Shapiro, Governor of Pennsylvania, gave his budget speech for FY 2024/2025 at the decorated Capitol Rotunda in Harrisburg. During his speech, he revealed that he intends to regulate games of skil...