A newly released report estimates that New York State may benefit from approximately $400 million in annual tax revenue if lawmakers decide to legalize internet gambling. New York Is Losing Tax Revenue without Legalized iGaming Activities The white paper was commissioned by Light & Wonder but compiled by the leadingContinue Reading
Gambling operators in Romania are currently going through a rough patch in the context of the recent regulatory adjustments in the Fiscal Code. The new regulations that are forcing them to increase the taxes on player winnings were ratified by the country’s Parliament and will go into effect starting AugustContinue Reading
Posted on: May 31, 2022, 11:16h. Last updated on: May 31, 2022, 11:16h. Steve Bittenbender Read More In less than five months, New York has generated more than a quarter of a billion dollars in taxes from online sports betting. That’s according to a statement released Tuesday by Gov. KathyContinue Reading
Poland is a place where gambling exists, but it’s kept under close supervision from the central government. Now, the Ministry of Finance wants to see more things done about the taxation of sports betting in the country, which will most likely lead to an increase in the tax base. LawmakersContinue Reading
Authorities in Kenya are proposing to bring back the controversial betting tax rate of 20% which forced Sportpesa out of the country in 2019. The change is introduced via the 2022 Financial Bill. Amendments to the Excise Duty Act 2015 The 2022 Financial Bill, which already passed its first readingContinue Reading
A new proposal calling to introduce taxes for online gaming and games of skill is gaining traction in Brazil. A New Bill Proposes Taxation of Online Games in Brazil Earlier this week, the Senate Economic Affairs Committee (CAE) in Brazil voted in favor of a bill that proposes the taxationContinue Reading
Posted on: March 16, 2022, 04:18h. Last updated on: March 16, 2022, 04:31h. Massachusetts legalized commercial gambling in 2011 with its Expanded Gaming Act. The bill authorized as many as three destination resort casinos, plus a slots-only facility. Then-Massachusetts Gov. Deval Patrick shakes hands with then-Speaker Robert DeLeo afterContinue Reading
New Jersey violated the terms of a 2018 consent order between the state and Atlantic County by enacting its new casino PILOT law, according to Superior Court Judge Joseph Marczyk’s ruling last Friday. The controversial law gives tax relief to Atlantic City’s casinos by removing sports and online gaming revenuesContinue Reading
New Jersey Superior Court Judge Joseph Marczyk is set to issue a written ruling within weeks on whether he will stop the new casino PILOT law from taking effect, he announced on Tuesday. The controversial law gives tax relief to Atlantic City’s casinos by removing sports and online gaming revenuesContinue Reading
Posted on: February 9, 2022, 03:18h. Last updated on: February 9, 2022, 03:18h. Australia’s Star Sydney Casino told high rollers to lie about their residential status so it could pay less tax, sources who spoke to The Sydney Morning Herald (SMH) claimed this week. The Star Sydney, above, may haveContinue Reading