Taxes

Washington D.C. to Experience Major Online Sports Betting Expansion on July 15

Johnny K.
Washington, D.C., Washington D.C., Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, North America Casino News, Online gambling regulation, World Casino News, Gaming Industry News, Sports betting, Online Gambling News, Licensing, Taxes, Washington
Starting Monday, July 15, Washington D.C. sports enthusiasts will no longer be limited to using GambetDC. From noon ET, residents and visitors will gain extensive online access to multiple sports betting platfo...

PAGCOR Enforces POGO Hub Ban to Enhance Regulation and Combat Crime

Johnny K.
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Licenses, Online Gambling News, Asian Casino News, Licensing, Taxes, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR) has announced a significant policy shift, declaring that POGO (Philippine Offshore Gaming Operator) hubs will no longer be permitted. This move, disclose...

NSW Government Contemplates Raising Betting Tax to 20% Prompted by Tabcorp Proposal, Impacting Major Bookmakers

Vanja Mitic
Australia, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Oceania Casino News, Taxes
The New South Wales (NSW) government is deliberating on the possibility of raising the tax on all bets made within the state from 15 to 20 percent, prompted by a proposal from industry leader Tabcorp. If implem...

Illinois Sportsbooks Generate $92M in April, Poised to Overtake New Jersey in National Rankings

Johnny K.
NBA, MLS, Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, MLB, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Illinois, Taxes, Financial Press Releases
Illinois sportsbooks amassed nearly $92 million in adjusted gross sports betting revenue for April 2024, according to data released by the Illinois Gaming Board on Thursday. This month saw the state's betting h...

MGCB: Detroit Casino Revenue for May $111.3 Million; Up 6.3% YOY

Johnny K.
Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Taxes, Financial Press Releases, Michigan
The Michigan Gaming Control Board has announced that Detroit's three casinos collectively generated $111.3 million in adjusted gross revenue (AGR) for May, reflecting a significant rise from the previous year's...

Pagcor Chairman Unveils Plans to Reduce E-Games Tariffs, Boosting Philippines’ Gaming Investment Appeal

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Economy/Finance, Online Gambling News, Taxation, Asian Casino News, Taxes, Philippines
In a move aimed at fostering industry growth and attracting more investment, Alejandro Tengco, chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor), revealed plans to reduce once again the rate...

DraftKings and Flutter Stocks Dip After Illinois Budget Agreement Introduces Tax Hike on Sports Betting

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Taxation, Illinois, Taxes
Shares of major sports betting companies, including DraftKings and Flutter, experienced significant declines following the approval of a substantial tax increase on sports bets in Illinois. The state's fiscal 2...

Illinois Senate Adopts Progressive Tax Plan for Sports Betting, Offers Relief for Operators; House Vote Next

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Horse Racing, Sports betting, Online Gambling News, Taxation, Illinois, Taxes
In a significant legislative move, the Illinois Senate passed a bill late Sunday night that aims to transform the state's sports betting tax structure into a progressive system based on operator revenue. The ch...

Pennsylvania’s Online Sports Betting Tax: Navigating Legislative Shifts and Industry Dynamics

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Taxation, Taxes, Pennsylvania
Pennsylvania stands at a critical juncture in its online sports wagering industry, grappling with the implications of potential tax hikes amid a rapidly evolving regulatory landscape. As neighboring states impl...

Paf Celebrates Record €177.1 Million Revenue, Warns of Impact from Rising Gaming Taxes

Johnny K.
Sweden, Latvia, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Estonia, Finland, Taxation, Online Gambling News, Taxes, Financial Press Releases
Paf has achieved a record revenue of €177.1m (£150.8m/$191.4m) in its 2023 financial year, marking a 6.9% increase from the previous year. The Nordic gaming operator also posted a notable 23% rise in net profit...

CFG Challenges Sports Betting Alliance’s Opposition to Illinois Sports Betting Tax Hike, Urges Evidence-Based Policy Decisions

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Taxation, Sports betting, Illinois, Taxes
As gambling initiatives unfold across the U.S., the Campaign for Fairer Gambling (CFG) closely scrutinizes developments, particularly in Illinois. Governor J.B. Pritzker's proposal to raise the tax on legal spo...

Brazil Mandates Gaming Licenses by End of 2024; Non-compliant Operators Face Regulatory Action

Johnny K.
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Brazil, World Casino News, Gaming Industry News, Central & South America Gaming, Licenses, Online Gambling News, Taxation, Licensing, Taxes
The Brazilian government has established a December 2024 deadline for gaming operators to secure licenses or face penalties starting January 1, 2025. This requirement is detailed in Normative Ordinance 827, pub...

Brazil Introduces 15% Tax on Player Prizes in Betting and Online Gambling

Johnny K.
Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Brazil, Central & South America Gaming, Gaming Industry News, Economy/Finance, Mobile gaming, Licenses, Taxation, Online Gambling News, Sports betting, Licensing, Taxes
Brazil has solidified its tax framework concerning player prizes and winnings within its burgeoning betting market. The Federal Revenue Service (RFB) of Brazil has officially outlined its stance on personal inc...

New York Senator Pursues Incremental Online Gaming Strategy with Poker-Only Legislation

Johnny K.
U.S.A., Casino proposals, Casino News, Gaming Law & Legislation, Latest Casino and Gambling News, Poker Law, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Online Poker, Poker, Licensed online casinos in USA, Licenses, Taxation, Online Gambling News, Licensing, Taxes, New York
In the realm of online gaming legislation, New York Senator Joseph Addabbo is recalibrating his approach. Faced with the challenge of garnering support for a comprehensive bill encompassing iGaming, online poke...

Nevada Gaming Income Down in March; First Drop in 8 Months

Marija Malenovic
Las Vegas, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Taxation, Online Gambling News, Sports betting, Taxes, Financial Press Releases, Nevada
According to profit data released by the Nevada Gaming Control Board (NGCB) on April 25, gaming earnings collected by the state has seen a drop over the past month. In addition, the drop occurred for the 1st ti...