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Industry
April 26, 2024
ATG CEO Hints Sweden’s Government Is Open to Amend Tax Hike
Swedish gambling operator ATG’s chief executive officer, Hans Lord Skarplöth, has suggested the government might be willing to amend the gross gaming revenue tax hike proposal. Seminar for 20 Politicians In a blog post on the ATG platform online, CEO Skarplöth explained the unique betting company launched in 1974 has hosted a gambling-connected seminar for […]
Industry
April 23, 2024
Consumer Preference Shift Propels Sin Tax Revenue in the US
For years, the United States has benefitted from taxes on alcoholic beverages and cigarettes. Casino gambling and more recently, sports betting, iGaming and cannabis taxes also help generate billions of annual taxes across the country. And while some US states still have strict laws for sports betting and cannabis products, many have already legalized the […]
Industry
April 18, 2024
FanDuel Pushes against Tax Rate Increase in Illinois
Back in February, Illinois Gov. J.B. Pritzker introduced a proposed $52.7 billion state budget. Announcing the budget, the Governor said that it addresses a number of issues while providing funding for important initiatives, including education and economic infrastructure. Gov. Pritzker’s proposed budget included a proposed betting tax increase. Currently, mobile betting is subject to a […]
Industry
April 12, 2024
New Jersey Bill Proposes Online Gaming and Betting Tax Hike
New Jersey lawmakers want to drastically raise the iGaming tax, mirroring the high taxation rates in other states where online gambling is legal. Under Senate Bill 3064, New Jersey’s tax for online gambling would skyrocket to 30%. For reference, online casino operators in the Garden State currently have to pay a tax of 15% plus […]
Industry
March 28, 2024
US Legal Sports Betting Sector Generates More than $5bn in Taxes
The expansion of sports betting across the United States started back in 2018. At the time, the US Supreme Court ruled the Professional and Amateur Sports Protection Act (PASPA), a law that restricted betting to only a few states, unconstitutional. Since then, for five years, the legalization of betting has been rapidly expanding across the […]
Casino
March 22, 2024
New Jersey Court Reexamines Casino Property Tax Amendments
A New Jersey Appellate Court panel recently heard arguments in two cases concerning amendments to the state governing how much money casinos pay in lieu of property taxes. The cases, brought by Atlantic County and the nonprofit Liberty and Prosperity, revolve around changes made in 2021 that excluded internet gaming and online sports betting revenues […]
Industry
March 18, 2024
Maryland Considers iGaming as Leaders Seek More Tax Funds
Maryland is considering raising its taxes in an attempt to generate more money for education and transportation. Amid the discussions about these taxes’ potential economic impact, local leaders also suggested that the legalization of online gambling – a vertical that has proven to be a great driver of tax revenue – might be what the […]
Industry
March 14, 2024
Osaka Considers Implementing Entry Fee Ahead of Japan Expo and IR Opening
The Osaka Prefecture in Japan is wary of overtourism. As the first Japanese integrated resort began construction, local officials were concerned about the “coexistence” of tourists and residents. Because of that, the government is mulling over the introduction of a new “entry fee.” As reported by The Japan Times, Governor Hirofumi Yoshimura addressed the matter […]
Industry
March 4, 2024
Ukraine’s Gambling Industry Pays $47.2M in Taxes in February
Ukraine’s Ministry of Finance has published its tax report for February, highlighting a significant increase in the gambling industry’s contributions. Despite the ongoing war with Russia, the tax revenues suggest that the gaming sector is still going strong. According to the ministry, businesses and organizations in the country paid a total of UAH 184.8 billion […]
Casino
February 27, 2024
Bill in Iowa Proposes Reduction of Tax Rate for Land-Based Casinos
Iowa is one of the US states that currently offers not only legal sports betting but casino gambling as well. The state currently offers legal retail and online betting on sports, as well as casino gambling via 19 brick-and-mortar casinos. The tax rate applicable for sports betting is set at 6.75% on sports betting revenue, […]
