Taxes

Louisiana Lawmaker Postpones Controversial Bill to Raise Online Sports Betting Tax

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Online Gambling News, Sports betting, Taxes, Louisiana
A proposal to significantly increase the tax on online sports betting revenue in Louisiana has been deferred amid mounting opposition from the gaming industry. House Bill 22, introduced by Representative Roger ...

Missouri Voters Approve Sports Betting, Block Lake Ozark Casino Expansion

Johnny K.
Tribal Gaming, U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Casino project updates, Gaming Industry News, Licensed online casinos in USA, Sports betting, Online Gambling News, Licensing, Taxes, Missouri
In a closely watched decision, Missouri voters approved Amendment 2, which legalizes sports betting within the state, marking a significant shift in the state's gaming landscape. Meanwhile, Amendment 5, which s...

Michigan’s Online Gambling Revenue Jumps in August, iGaming Leads Growth

Johnny K.
U.S.A., Casino News, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Taxation, Sports betting, Online Gambling News, Taxes, Financial Press Releases, Michigan
Michigan's online gambling market continues to thrive, with the state's iGaming sector leading a significant revenue increase in August. The Michigan Gaming Control Board (MGCB) revealed that the total gross re...

DraftKings Implements Surcharge in Response to High State Taxes

Johnny K.
Vermont, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Taxation, Illinois, Taxes, New York, Pennsylvania
In a bold move reflective of the changing fiscal landscape in the United States, DraftKings Inc. has announced plans to implement a surcharge for customers in states with high gambling taxes. This decision come...

US Senators Introduce WAGER Act to Eliminate Sports Betting Excise Taxes

Vanja Mitic
U.S.A., 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, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Taxes
U.S. Senators Catherine Cortez Masto (D-Nev.) and Cindy Hyde-Smith (R-Miss.) have recently introduced the Withdrawing Arduous Gaming Excise Rates (WAGER) Act, a pivotal piece of bipartisan legislation designed ...

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

Johnny K.
D.C., Washington D.C., Washington, U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, North America 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.
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Licenses, Asian Casino News, Online Gambling 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, U.S.A., Casino News, Latest Casino and Gambling News, 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.
Casino News, Latest Casino and Gambling News, U.S.A., 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...