Taxes

U.S. Sports Betting Handle Hits $250 Billion To Mirror Support of 77% of American Adults

Radosav Milutinovic
Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Taxation, Online Gambling News, Licensing, Taxes, Financial Press Releases
Five years after the U.S. Supreme Court ruled to remove the federal ban on sports betting, the total handle for all 30 U.S. jurisdictions recently reached the threshold of $250 billion, according to reports. Th...

Michigan Gaming Control Board Votes Unianimously To Extend Licenses For 3 Detroit Casinos; Properties Collected $107.2M In Gambling Income In July

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licenses, Sports betting, Taxation, Fantasy Sports, Fantasy eSports, Licensing, Taxes, Financial Press Releases, Michigan
Throughout its scheduled public meeting, the Michigan Gaming Control Board (MGCB) voted unopposed to validate license extensions for MotorCity Casino, MGM Grand Detroit and Hollywood Casino at Greektown, aka De...

Indian Government Hits iGaming Industry With 28% Tax

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, Gaming Industry News, India, Economy/Finance, Online Gambling News, Taxation, Asian Casino News, Fantasy Sports, Fantasy eSports, Taxes
It was recently revealed that the Indian government has stated that it would levy a 28% tax on the funds online gaming firms earn from their clients from each game. In addition, companies have so far paid littl...

KHRC Validates Introduction Of Sports Betting For Retail In Kentucky; To Take Effect Concurrently With Beginning Of NFL Season

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., NFL, Horse Racing, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Horse Racing, Licenses, Taxation, Sports betting, Licensing, Taxes, Kentucky
Yesterday, July 10, it was revealed that the Kentucky Horse Racing Commission (KHRC) has validated the introduction of sports wagering. In addition, it will go into effect when the NFL season officially starts ...

Virginia Exceeds $1 Billion In Gross Sports Betting Profits

Marija Malenovic
Virginia, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Taxation, Taxes, Financial Press Releases
Recently, licensed operators submitted a May 2023 sports betting activity report to the Virginia Lottery, which the Lottery then officially unveiled. The report showed that Virginia exceeded $1 billion in gross...

Sri Lanka’s Cabinet Of Ministers Validates Establishment Of Gambling Regulatory Authority

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Licenses, Taxation, Asian Casino News, Licensing, Taxes, Sri Lanka
The Cabinet of Ministers of Sri Lanka officially validated a proposal to draft legislation to create the Gambling Regulatory Authority (GRA), whose main task will be to supervise the industry and make sure that...

Rhode Island Governor Signs iGaming Bill Into Law

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Casino 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, Licenses, Taxation, Online Gambling News, Licensing, Taxes, Rhode Island
Yesterday, June 22nd, Gov. Dan McKee officially signed into law Senate Bill 948, which expands Bally's land-based casino monopoly into iGaming. However, the governor decided to sign the legislation just hours b...

Macau Legend Sells Savan Legend Casino To Focus On Macau Business

Marija Malenovic
Laos, Casino Sales, Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, Taxation, Macau, Mergers, Acquisitions & Partnerships, Licensing, Taxes
Recently, Macau Legend Development Ltd., the investment holdings company that owns the Macau Fisherman’s Wharf zone and manages the Legend Palace satellite casino, announced that it has struck an initial agreem...

Richmond City Council Votes To Bring To Life Proposed Casino Project; Second Referendum Likely This Fall

Marija Malenovic
Virginia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino proposals, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Licenses, Taxation, Licensing, Taxes
During a meeting Monday night, June 12, the Richmond City Council voted 8 to 1 in favor of the bill that would put ONE Casino+Resort back on the November ballot, which will likely move to a second referendum vo...

WARN Notice Submitted By Vernon Downs; Casino Prepares To Close

Marija Malenovic
Casino News, Latest Casino and Gambling News, U.S.A., Horse Racing, New Hotels, World Casino News, North America Casino News, Casino closures, Gaming Industry News, Horse Racing, Taxation, Labor Relations, Taxes, New York
New York's Vernon Downs Hotel Casino has filed a WARN notice with the New York State Department of Labor outlining plans to officially close by the end of this year and discharge all 249 of its workers. Plan...

AGA: American Sports Betting Sentiment Rose 22% Since 2018 PASPA Repeal; US Simultaneously Recorded $220 Billion Handle

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxes, Kentucky, Nevada
The Professional and Amateur Sports Protection Act of 1992, known as PASPA, regulated the U.S. sports wagering market until 2018 when Supreme Court ruled that the PASPA conflicted with the Tenth Amendment and r...

Tennessee Legislature Passes Bill for The First Handle Tax in the U.S.

Radosav Milutinovic
Tennessee, U.S.A., Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Taxation, Online Gambling News, Sports betting, Taxes
The State of Tennessee announced changes in the sports wagering market as its legislators passed the SB 475 Bill on Friday to change the state's mobile sports betting tax system. The Bill will amend the existin...

Arizona Tribal Gaming Generated 20% More in Tax Revenues Than Last Year

Radosav Milutinovic
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, Arizona, Gaming Industry News, Mobile gaming, Economy/Finance, Licenses, Online Gambling News, Sports betting, Taxation, Taxes
Tribal gaming in Arizona hit record levels in the first quarter of 2023 to generate the highest level of contributions from the Arizona Department of Gaming (ADG) aggregated since 2004. Following the Arizona Tr...