Taxes

Indiana sportsbetting market experiences a record-setting December

In Indiana and the embryonic online and land-based sportsbetting industry reportedly chalked up a record-setting $313 million in aggregated handle for December to generate collective tax revenues of approximate...

Tennessee online sportsbetting license for Churchill Downs Incorporated

American casino operator Churchill Downs Incorporated has reportedly just received conditional approval to begin offering online sportsbetting to punters in the southern state of Tennessee. According to a Th...

Tennessee chalks up strong start to legalized online sportsbetting

The first eight days of legalized online sportsbetting in the southern American state of Tennessee reportedly saw locally-licensed operators chalk up aggregated handle of about $27 million and pay out some $509...

Philippines iGaming operators considering Isle of Man move

Prominent professional services firm Affinity Group Limited has reportedly revealed that it has recently seen a spike in the number of Asia-facing iGaming providers expressing an interest in relocating from the...

Buenos Aires passes online gambling legalization legislation

In Argentina and the government for the giant city of Buenos Aires has reportedly passed legislation that will allow local land-based bingo, slot and casino operators to launch compatriot online services. Ac...

Revised tax rates for licensed Philippines iGaming operators

In the Philippines and President Rodrigo Duterte (pictured) has reportedly signed a piece of legislation into law that has been designed to more than double the amount of tax collected from domestic holders of ...

American daily fantasy sports firms receive alarming tax news

In the United States and prominent daily fantasy sports operators FanDuel Group and DraftKings Incorporated could reportedly be in trouble after the Internal Revenue Service (IRS) ruled that such firms are to b...

National Revenue Agency put in charge of regulating Bulgarian gambling

In Bulgaria and the National Revenue Agency tax bureau has reportedly been charged with regulating the country’s gambling industry after federal lawmakers enacted a measure to abolish the previous State Commiss...