Taxes

DraftKings Implements Surcharge in Response to High State Taxes

In a bold move reflective of the changing fiscal landscape in the United States, DraftKings Inc. has announced plans to implement a surcharge for customers in states with high gambling taxes. This decision come...

US Senators Introduce WAGER Act to Eliminate Sports Betting Excise Taxes

U.S. Senators Catherine Cortez Masto (D-Nev.) and Cindy Hyde-Smith (R-Miss.) have recently introduced the Withdrawing Arduous Gaming Excise Rates (WAGER) Act, a pivotal piece of bipartisan legislation designed ...

Washington D.C. to Experience Major Online Sports Betting Expansion on July 15

Starting Monday, July 15, Washington D.C. sports enthusiasts will no longer be limited to using GambetDC. From noon ET, residents and visitors will gain extensive online access to multiple sports betting platfo...

PAGCOR Enforces POGO Hub Ban to Enhance Regulation and Combat Crime

The Philippine Amusement and Gaming Corporation (PAGCOR) has announced a significant policy shift, declaring that POGO (Philippine Offshore Gaming Operator) hubs will no longer be permitted. This move, disclose...

NSW Government Contemplates Raising Betting Tax to 20% Prompted by Tabcorp Proposal, Impacting Major Bookmakers

The New South Wales (NSW) government is deliberating on the possibility of raising the tax on all bets made within the state from 15 to 20 percent, prompted by a proposal from industry leader Tabcorp. If implem...

Illinois Sportsbooks Generate $92M in April, Poised to Overtake New Jersey in National Rankings

Illinois sportsbooks amassed nearly $92 million in adjusted gross sports betting revenue for April 2024, according to data released by the Illinois Gaming Board on Thursday. This month saw the state's betting h...

MGCB: Detroit Casino Revenue for May $111.3 Million; Up 6.3% YOY

The Michigan Gaming Control Board has announced that Detroit's three casinos collectively generated $111.3 million in adjusted gross revenue (AGR) for May, reflecting a significant rise from the previous year's...

Pagcor Chairman Unveils Plans to Reduce E-Games Tariffs, Boosting Philippines’ Gaming Investment Appeal

In a move aimed at fostering industry growth and attracting more investment, Alejandro Tengco, chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor), revealed plans to reduce once again the rate...

DraftKings and Flutter Stocks Dip After Illinois Budget Agreement Introduces Tax Hike on Sports Betting

Shares of major sports betting companies, including DraftKings and Flutter, experienced significant declines following the approval of a substantial tax increase on sports bets in Illinois. The state's fiscal 2...

Illinois Senate Adopts Progressive Tax Plan for Sports Betting, Offers Relief for Operators; House Vote Next

In a significant legislative move, the Illinois Senate passed a bill late Sunday night that aims to transform the state's sports betting tax structure into a progressive system based on operator revenue. The ch...

Pennsylvania’s Online Sports Betting Tax: Navigating Legislative Shifts and Industry Dynamics

Pennsylvania stands at a critical juncture in its online sports wagering industry, grappling with the implications of potential tax hikes amid a rapidly evolving regulatory landscape. As neighboring states impl...

Paf Celebrates Record €177.1 Million Revenue, Warns of Impact from Rising Gaming Taxes

Paf has achieved a record revenue of €177.1m (￡150.8m/$191.4m) in its 2023 financial year, marking a 6.9% increase from the previous year. The Nordic gaming operator also posted a notable 23% rise in net profit...

CFG Challenges Sports Betting Alliance’s Opposition to Illinois Sports Betting Tax Hike, Urges Evidence-Based Policy Decisions

As gambling initiatives unfold across the U.S., the Campaign for Fairer Gambling (CFG) closely scrutinizes developments, particularly in Illinois. Governor J.B. Pritzker's proposal to raise the tax on legal spo...

Brazil Mandates Gaming Licenses by End of 2024; Non-compliant Operators Face Regulatory Action

The Brazilian government has established a December 2024 deadline for gaming operators to secure licenses or face penalties starting January 1, 2025. This requirement is detailed in Normative Ordinance 827, pub...