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Legal
July 12, 2023
Lawmakers in India Consider Imposing 28% Tax On Online Gambling
The growing gambling industry in India may be subject to a new, increased tax rate, following a decision made by lawmakers Tuesday. The country’s Goods and Service Tax Council, the regulatory body in charge of recommendations to the implementation of the Goods and Services Tax (GST) confirmed it has agreed to the implementation of a […]
Legal
July 5, 2023
Ohio’s Betting Tax Hike Will Hurt the Industry, Critics Say
A recent Ohio bill dubbed House Bill 33 proposes some drastic changes to how the state’s sports betting industry should be taxed. Under the measure, sportsbooks will have to pay 20% of their revenue in taxes starting 2024. Needless to say, not everyone is happy. A Summary of the Events Currently, sports betting operators need […]
Sports
July 4, 2023
Sports Betting Tax in Ohio to Double Starting from 2024
Late in December 2021, Ohio legalized sports betting activities. Despite the legalization, it wasn’t until January 1 this year, that the state officially launched its legal mobile and retail sports betting market. Although the initial tax rate for sports betting operators was set at 10%, that is expected to change soon. Starting from next year, […]
Casino
June 5, 2023
Nassau Citizens Rally against Vegas Sands’ Plea for Tax Exemptions
This clash between corporate interests and community welfare only compounds the growing controversy surrounding the project as more organizations raise concerns regarding the planned Nassau casino’s social impact. The civic organization protested Las Vegas Sands Corporation’s request for tax breaks, accusing the company of undermining the principles of fair taxation and potentially depriving the local […]
Legal
June 1, 2023
Tennessee Signs Betting Handle Tax Bill into Law
Taxing a betting handle rather than gambling revenue isn’t a new concept. In the US, different states such as Minnesota and Kentucky, have previously filed such proposals that haven’t seen much success. Yet, against all odds, a bill proposing exactly that form of tax gained traction in Tennessee. Back in April, Senate Bill 475 (SB […]
Industry
May 3, 2023
Estonia Considers Increased Taxes for Operators
The Baltic nation’s new government is keeping true to its planned gaming reforms. Its newly proposed taxation policy update outlines small but incremental hikes across all forms of gambling. Estonia currently sports one of the lowest industry tax rates in Europe. The planned minor increase should still allow the sector to remain attractive despite tightening […]
Legal
May 3, 2023
Proposal in Victoria Calls to Increase Sports Betting Tax
A few years ago, in 2019, Victoria, the second smallest yet second-most-populated Australian state after New South Wales (NSW), implemented the point of consumption tax (POCT). At the time, the tax was only 8%, but it has undergone an increase to 10% back in 2021. Now, the local government seeks to further increase the aforementioned […]
Sports
April 28, 2023
New Proposal in Brazil Calls for 16% Tax for Online Betting
Earlier this month, in Brazil, a proposal called for a 15% tax on sports betting along with BRL30 million BRL30 million ($5.9 million) license fee. Now, local media outlets reported a proposal was pushed forward that calls for a tax rate from 15% to 16%. The new proposal, reportedly backed by Ana Moser, the country’s […]
Legal
April 19, 2023
Tennessee Bill Calling for Betting Handle Tax Gains Traction
Sports betting operators in Tennessee may see significant changes to the existing regulatory framework thanks to a proposal that is gaining traction. The proposal, Senate Bill 475 (SB 475), has recently cleared the Senate in Tennessee last week following a 30-0 vote. Now, it is advancing toward the House of Representatives, a report released by […]
Sports
April 6, 2023
Brazil’s Soccer League Desires 4% of Sportsbooks’ Revenues
The Confederação Brasileira de Futebol (CBF), Brazil’s soccer confederation, wants additional funding in the form of sports betting taxes. Amid discussions for revolutionizing the gaming system, the body asked to receive a 4% share of licensed operators’ revenues. The CBF said that the proceeds, if granted, would be distributed among its leagues. The confederation’s proposal […]
