Taxation

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
U.S.A., Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Sports betting, Taxation, Online Gambling News, 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
U.S.A., Latest Casino and Gambling News, 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
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Licensed online casinos in USA, Licenses, Taxation, Online Gambling News, Sports betting, 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, Sports betting, Online Gambling News, Taxation, Asian Casino News, 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, Latest Casino and Gambling News, U.S.A., Casino News, 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, Taxation, Sports betting, Online Gambling News, 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
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Game manufacturers, Economy/Finance, 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...

PAGCOR Wants To Lower Fees For iGaming Operators to 35% In March, Says Tengco

Marija Malenovic
Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Economy/Finance, Taxation, Asian Casino News, Online Gambling News, Taxes, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR), the gaming regulatory agency of the Philippines, revealed that it will lessen the fees imposed on iGaming providers to 35% in the 3rd month of this ongo...

Two Online Sports Wagering Legislations Submitted In Magnolia State

Marija Malenovic
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Taxation, Online Gambling News, Sports betting, Taxes, Mississippi
As Mississippi Rep. Casey Eure projects to officially lead a sports wagering charge in Mississippi, rest of the lawmakers are setting things in motion. Over the past week, Democrat Rep. Cedric Burnett, offic...

Sports Bettors In Arizona Managed To Set Latest Betting Record In November of Last Year

Marija Malenovic
NFL, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Arizona, Gaming Industry News, Mobile gaming, Economy/Finance, Licenses, Sports betting, Online Gambling News, Taxation, Licensing, Taxes, Financial Press Releases
Sports bettors in Arizona were relieved to have the chance to legally bet online on sports during November of the previous year. In addition, their appreciation has been more pronounced over the aforementioned ...

Svenska Spel Plans To Permanently Close Casino Cosmopol Venues In Gothenburg and Malmö

Marija Malenovic
Sweden, Casino News, Latest Casino and Gambling News, World Casino News, Casino closures, Gaming Industry News, Money Laundering, European Casino News, Online Gambling News, Taxation, Crime, Taxes, Fines, Lawsuits & Litigation
Svenska Spel plans to officially close the Casino Cosmopol facilities in Malmö and Gothenburg. The main reason for this decision is the limited profitability of the facilities, the firm revealed on January 24. ...

Casinos In Nebraska Generated Just Over $89m In Income In 2023

Marija Malenovic
U.S.A., Horse Racing, Casino News, Latest Casino and Gambling News, Casino expansion projects, New Hotels, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Horse Racing, Taxation, Sports betting, Taxes, Financial Press Releases, Nebraska
Nebraska's first entire year of casino gambling was a triumph in terms of profits collected. Income collected from Lincoln’s WarHorse Casino: When it comes to the details of the income collected, Nebraska...

New York Governor Introduces $233 Billion Budget to Exclude Online Casino Proposals

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Horse Racing, Online Gambling News, Sports betting, Taxation, New York
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After a bill proposal to legalize online casinos was filed in the New York Senate with an aim to boost the US-largest online market, Gov. Kathy Hochul reportedly released the 2024 Executive Budget to exclude on...