Taxes

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

Johnny K.
Tennessee, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, 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, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Online Gambling News, Taxation, 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, Sports betting, Taxation, 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, ...

Louisiana Lawmaker Postpones Controversial Bill to Raise Online Sports Betting Tax

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Taxation, 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, Casino News, Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, 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, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, 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 ...