Taxes

Bipartisan Effort to Eliminate Outdated Sports Betting Tax Gains Momentum

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, U.S.A., Gaming Industry News, Mobile gaming, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Taxes
In a persistent move to modernize sports betting regulations, bipartisan co-chairs of the Congressional Gaming Caucus, Democratic Representative Dina Titus of Nevada and Republican Representative Guy Reschentha...

New Jersey’s Proposed Tax Hike on Online Gambling Sparks Industry Backlash

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Taxation, Taxes, New Jersey
In a bold fiscal move, New Jersey Governor Phil Murphy has proposed significant tax increases on online sports betting and internet gambling, sparking widespread concern among casinos and betting firms. The pro...

Pennsylvania Gaming Revenue Rises Over 10% in January 2025

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Taxes, Financial Press Releases, Pennsylvania
In January 2025, Pennsylvania's gaming landscape showcased impressive financial performance, marking a significant uptick across various gaming and fantasy contest venues. The Pennsylvania Gaming Control Board ...

FDJ Navigates Challenges with Strategic Initiatives Amid Regulatory Changes

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Sports betting, France, Online Gambling News, Taxation, Taxes, Financial Press Releases
La Française des Jeux (FDJ), a leading name in the European betting and gaming landscape, has reported a robust performance for the year 2024. The company's revenue soared to €3,065 million, marking a significa...

Illinois Eyes Online Casino Legalization to Boost State Revenue and Regulate Gaming

Vanja Mitic
U.S.A., Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Online Gambling News, Illinois, Taxes
Amidst financial challenges, Illinois is poised to embrace the digital gaming era with proposed legislation that could transform its gambling landscape. Lawmakers, led by Senator Cristina Castro and Representat...

PAGCOR Cuts E-Games Fees to Strengthen Legal Market

Johnny K.
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Taxation, Online Gambling News, Licensing, Taxes, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR) has announced a further reduction in Electronic Games (E-Games) fee rates, bringing them down from 35% to 30% effective January 1, 2025. This decision is...

Supreme Court of India Stays Tax Notices for Online Gaming Companies

Johnny K.
Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, India, Asian Casino News, Taxation, Online Gambling News, Taxes
The Supreme Court of India has temporarily halted ₹1.12 lakh crore in Goods and Services Tax (GST) show-cause notices issued to online gaming companies. This decision, delivered on January 10, 2025, suspends on...

Tennessee Breaks Sports Betting Records in November; Three-Peat in the Books

Johnny K.
Tennessee, U.S.A., Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Taxes, Financial Press Releases
For the third month in a row, Tennessee’s sports betting market achieved record-breaking results in November, surpassing previous highs in both betting handle and tax revenue. Gross wagers during the month reac...

Michigan Lawmakers Propose Incremental Tax Hikes on Online Gambling

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Taxation, Online Gambling News, Taxes, Michigan
Michigan lawmakers have introduced two new bills aimed at increasing taxes on online sports betting and casino operators. The proposals, Senate Bills 1193 and 1194, were brought forward on December 5 by Senator...

Sports Betting Narrowly Approved in Missouri Amid High-Profile Campaigns

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Licensed online casinos in USA, Online Gambling News, Taxation, Sports betting, Licensing, Taxes, Missouri
Missouri voters have given the green light to legal sports betting, approving Amendment 2 by a razor-thin margin of 50.05%. With the certification of election results by the Missouri Board of State Canvassers, ...