Taxes

Vermont

August 2, 2024 0

In a bold move reflective of the changing fiscal landscape in the United States, DraftKings Inc. has announced plans to...

US Senators Introduce WAGER Act to Eliminate Sports Betting Excise Taxes

August 1, 2024 0

U.S. Senators Catherine Cortez Masto (D-Nev.) and Cindy Hyde-Smith (R-Miss.) have recently introduced the Withdrawing Arduous Gaming Excise Rates (WAGER)...

Pennsylvania Casinos File Lawsuit Over Disparate Slot Machine Taxation

July 31, 2024 0

In Pennsylvania, a significant legal challenge is emerging as twelve casino owners unite in a lawsuit to contest the state’s...

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

Washington

July 11, 2024 0

Starting Monday, July 15, Washington D.C. sports enthusiasts will no longer be limited to using GambetDC. From noon ET, residents...

PAGCOR Enforces POGO Hub Ban to Enhance Regulation and Combat Crime

July 11, 2024 0

The Philippine Amusement and Gaming Corporation (PAGCOR) has announced a significant policy shift, declaring that POGO (Philippine Offshore Gaming Operator)...

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

June 14, 2024 0

The New South Wales (NSW) government is deliberating on the possibility of raising the tax on all bets made within...

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

NBA

June 14, 2024 0

Illinois sportsbooks amassed nearly $92 million in adjusted gross sports betting revenue for April 2024, according to data released by...

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

June 12, 2024 0

The Michigan Gaming Control Board has announced that Detroit’s three casinos collectively generated $111.3 million in adjusted gross revenue (AGR)...

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

June 6, 2024 0

In a move aimed at fostering industry growth and attracting more investment, Alejandro Tengco, chairman and CEO of the Philippine...

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

May 29, 2024 0

Shares of major sports betting companies, including DraftKings and Flutter, experienced significant declines following the approval of a substantial tax...

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

May 28, 2024 0

In a significant legislative move, the Illinois Senate passed a bill late Sunday night that aims to transform the state’s...

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

May 27, 2024 0

Pennsylvania stands at a critical juncture in its online sports wagering industry, grappling with the implications of potential tax hikes...

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

Sweden

May 24, 2024 0

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...

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