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Industry
April 29, 2025
PA Casinos Face Pressures from Skill Games and Heavy Taxes
Established in 2007, the Erie-based casino was a beacon of economic development, employing hundreds and bolstering local tourism. However, the rapid proliferation of unregulated skill games drew patrons away from the venue, eroding profits. Pennsylvania’s substantial gambling tax further eroded the casino’s profits, leaving it on the brink of bankruptcy. Mounting Pressures Could Become Unbearable […]
Business
April 23, 2025
Holland Casino in Peril Amid Increasing Gaming Taxes
Holland Casino, the Netherlands’ state-owned casino operator, has once again opposed the country’s plans to raise the gambling tax. Dutch lawmakers set out to gradually increase the gambling tax, despite the operator’s numerous warnings. Holland Casino Is Unhappy with the Rising Tax For context, the Netherlands decided to incrementally increase its gambling from 30.5% to […]
Industry
April 23, 2025
Bill 1311 Plans to End Colorado Free Sports Wager Tax Break
House Bill 1311 (HB25-1311), introduced by State Sen. Dylan Roberts (D), recommends increasing revenue from operators by taxing the free wagers given out by sportsbooks. House Bill 1311 Aims to Boost Water Fund The idea is to bolster the state’s water fund by ending the tax deduction that sportsbook operators take from free bets offered […]
Industry
March 28, 2025
Congress Reintroduces SLOT Act to Raise Slot Machine Tax Reporting Threshold
In a bid to modernize outdated tax regulations in the gaming sector, Congresswoman Dina Titus (D-NV) and Congressman Guy Reschenthaler (R-PA), co-chairs of the bipartisan Congressional Gaming Caucus, have reintroduced the Shifting Limits on Thresholds (SLOT) Act. This proposed legislation seeks to raise the reporting threshold for winnings on slot machines from $1,200 to $5,000 […]
Business
March 27, 2025
The Netherlands Records €1BN Record-Smashing Gambling Tax
As per information from Statistics Netherlands (Centraal Bureau voor de Statistiek, CBS), the body in charge of publishing “reliable and consistent statistical information” that responds to the demands of society, collected revenue from gambling taxes smashed all records in 2024 in the Netherlands, reaching an unprecedented €1 billion ($1,07 billion). The impressive figure was mainly […]
Industry
March 24, 2025
Maryland to Increase Online Betting Tax to 20% Instead of 30%
Maryland lawmakers have decided against the initial plans to introduce a significant tax hike for online sports betting. While the tax hike will still happen, it will be much lower than previously discussed. Maryland Decides Against Boosting the Tax to 30% The original tax hike was outlined in Governor Wes Moore’s budget proposal. Published in […]
Industry
March 19, 2025
Michigan Online Gaming and Betting Slowed Down in February
The Michigan Gaming Control Board (MGCB) has published information about the local online gaming and sports betting markets’ performance in February. The report showed a significant increase in sports betting from January despite the Super Bowl. iGaming & Sports Results Weaker than January, Stronger than February 2024 According to the MGCB, Michigan’s commercial and tribal […]
Industry
March 19, 2025
Economists Predict Higher Sin Taxes Will Affect Ohio Markets
Recently, Ohio Gov. Mike DeWine proposed an increase in sports betting taxes, marking another tax hike after the state already doubled its betting tax in 2023. The latest push seeks to generate funds for sports facilities across the state, among other initiatives. Experts Agree Increase in Gambling and Cannabis Taxes May Decrease the Harmful Effect […]
Industry
March 14, 2025
Ohio’s Second Betting Tax Hike Proposal Loses Traction
While many states have been increasing their gaming and sports betting taxes, Ohio’s new tax hike proposal seems unlikely to pass amid bipartisan opposition. DeWine Wants to Raise the Betting Tax to 40% Ohio Governor Mike DeWine has long been bullish on raising the sports betting taxes even further and ensuring that harmful industries return […]
Industry
March 7, 2025
Armenia Doubles Gambling Levies in Unprecedented Industry Crackdown
Armenia has approved a hefty increase in tax for gambling operators, with the rate doubling from 1 April 2025. The government believes the move will generate an extra 13 billion drams ($33 million) each year, with authorities warning of further increases unless a gambling oversight body gets established. Armenia thus hopes to usher in a […]
