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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 […]
Industry
March 5, 2025
New Jersey Lawmakers Divided on Proposed Gambling Tax Hike
New Jersey is another US state where lawmakers are considering increasing gambling taxes. Late last month, Gov. Phil Murphy pitched a gambling tax hike, proposing an increase on the levy applicable for online gaming and sports betting. While most lawmakers oppose increasing taxes, one Democratic Senator spoke in favor of the proposed gambling tax increase. […]
Industry
March 5, 2025
Gambling Loss Tax Deduction Bill Advances in North Carolina
A bill, proposing a gambling loss income tax deduction, is making its way in North Carolina. The proposal, which was introduced near the end of January this year, recently received bipartisan support by a House committee. House Bill 14 Receives Bipartisan Support The bill, titled “Gambling Losses Tax Deduction” seeks to enable North Carolina residents […]
Industry
February 26, 2025
Mississippi Moves to Raise Casino Taxes amid Online Betting Debate
The ongoing attempts to reshape Mississippi’s gambling landscape could result in a significant casino sector tax hike after the House Ways and Means Committee approved raising the levy from 12% to 16%. The motives behind this proposal lie in the Mississippi Senate’s unsuccessful attempts to legalize online wagering, costing the state significant missed revenues. Mississippi […]
Industry
February 26, 2025
NJ Gov. Murphy Proposes Raising Online Gaming and Betting Tax
New Jersey’s governor is eyeing an iGaming tax hike to address the state’s financial needs. This mirrors proposals in other states, which have also been considering tax increases. Governor Murphy Wants to Raise the iGaming Tax New Jersey has historically been one of the most lenient states in terms of gambling taxes. As one of […]
Industry
February 19, 2025
Colombian Trade Body Raises Alarm over Increased Gambling Taxes
Colombia’s gambling sector faces increasing challenges after the government effectively imposed a 19% value-added tax (VAT) on online betting, stirring concern among regulators and industry stakeholders. The Colombian Federation of Gambling Entrepreneurs (Fecoljuegos) warned that the sudden tax increase could drive operators out of the market, destabilize state revenue streams, and fuel a boom in […]
Industry
February 19, 2025
Lawmakers Renew Effort to Scrap Sports Betting Excise Tax
In another push toward the repeal of the federal excise tax on sports betting, the bipartisan co-chairs of the Congressional Gaming Caucus, reintroduced a proposal calling to eliminate the so-called “handle tax.” On Tuesday, Reps. Dina Titus and Guy Reschenthaler, reintroduced the legislation which proposes to eliminate the 0.25% federal excise tax on sports betting. […]
