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Legal
July 31, 2024
Pennsylvania Casinos Urge for Equal Taxation on Skill Games
A dozen casinos in Pennsylvania turned to the highest court in the state with a request to either impose the same tax rate that applies to slot games for skill games or declare the tax unconstitutional. Currently, land-based operators across Pennsylvania pay a tax rate on their slot machine revenue between 48% and 54%. However, […]
Industry
July 2, 2024
Sweden Implements Gambling Tax Hike to the Industry’s Dismay
On July 1, Sweden has officially increased its gambling tax in spite of the industry’s claims that such a measure would be counterproductive. Originally introduced in 2019, the 18% tax on gambling profits has been replaced with a 22% tax, in line with Sweden’s ongoing reforms. As mentioned, the gambling industry isn’t thrilled about the […]
Industry
July 1, 2024
New Jersey’s Online Gambling Taxes Will Not Increase, for Now
New Jersey’s online gambling operators can rest easy for a while as lawmakers don’t envision a tax increase for 2025. However, the discussions will likely continue into the following year. S3064, a measure sponsored by Senator John McKeon, sought to increase New Jersey’s online gambling taxes. If passed, the bill would have increased the online […]
Industry
June 14, 2024
NSW Government Considers Increasing the Betting Tax
The government of New South Wales is considering a tax increase of 5%, according to The Sydney Morning Herald. Under this proposal, filed by industry powerhouse Tabcorp, the tax on all bets would be increased from 15% to 20%. This would align NSW’s point of consumption tax (POCT) with that of Queensland. Analysts believe that […]
Industry
June 14, 2024
Concerns over Harm and Lost Tax Revenue Mount in Missouri
Currently, Missouri offers limited gambling activities. iGaming and sports betting are illegal, while visitors and residents can only gamble legally via the 13 casinos across the state. Yet, a type of gambling device called “no-chance,” or “pre-reveal” machine is widely spread in Missouri and they so far operate in a grey area. The machines can […]
Industry
May 29, 2024
Sweden: BOS Warns Tax Increase May Link to Rise in Problem Gambling
Ahead of the increase in the gambling tax rate in Sweden, a new report highlighted the potential negative impact of the change. The current tax rate of 18% is expected to increase to 22% for Swedish gambling operators effective from July 1, 2024. This change is expected to bring additional tax revenue but along with […]
Sports
May 24, 2024
Massachusetts Senate Declines Sports Betting Tax Rate Increase
Available in nearly 40 US states, legal sports betting already reaches a large number of the country’s population. With regulation of the activity in the hands of lawmakers in different states, the tax rate is different from one jurisdiction to the other. Massachusetts was among the states that legalized betting in 2022 but it wasn’t […]
Industry
May 23, 2024
PAGCOR Shuts Jade Sportsbet Down Over Unpaid Fees
Jade Entertainment and Gaming Technologies, a Philippines-based gaming and betting operator, has been forced to shut down the operations of its sports betting brand. This development was the result of Jade Sportsbet missing the deadline to pay its mandatory fees. Inside Asian Gaming (IAG) reported that the Philippine Amusement and Gaming Corporation (PAGCOR), a body […]
Industry
May 17, 2024
Congresswoman Titus Wants Federal Excise Tax Revoked
Congresswoman Dina Titus expressed her support for repealing the current federal excise tax on sports betting at the SBC Summit North America last week. The fifth edition of the leading conference and tradeshow dedicated to the online betting and gaming industry in North America was held in New Jersey, one of the largest sports betting […]
Industry
May 16, 2024
Netherlands Coalition Agreement Pushes for 37.8% Gambling Tax
Over the last few years, the Dutch gambling sector has undergone extensive changes. Last summer, lawmakers voted in favor of an untargeted gambling advertising ban. The rules effectively prohibited advertising by gambling operators via TV and radio. Moreover, the ban extended to print media, collaborations with sports organizations and even outdoor advertising. Now, further changes […]