Tag: Taxes
North Carolina increases tax rate on sports betting from 18% to 23%
22 June 2026 at 10:27am UTC-4
North Carolina legislators recently announced a 5 percentage point increase on the state tax on sports betting.
The new rate is 23%, up from 18%, moving North Carolina ahead of ...
North Carolina lawmakers consider raising taxes for gambling operators
8 June 2026 at 7:40am UTC-4
North Carolina lawmakers are considering raising taxes on sports betting operators as negotiations over the state's next budget continue.
According to WRAL News, the state ...
FanDuel makes last-minute attempt at Rhode Island market expansion
29 May 2026 at 7:41am UTC-4
FanDuel is seeking to expand Rhode Island’s online sports betting market from its two-operator limit.
FanDuel is backing a bill introduced in February by Rep. Matthew Dawson ...
American Gaming Association CEO claims US$1 billion in tax revenue lost to prediction markets
29 May 2026 at 7:07am UTC-4
The American Gaming Association says estimates show that US states have lost out on more than US$1 billion in tax revenue because of the rise of prediction markets.
Speaking on ...
India Supreme Court rules for 28% levy on igaming firms
28 May 2026 at 7:31am UTC-4
India’s Supreme Court has upheld a retroactive 28% goods and services tax levy on igaming firms, approving tax demands totaling nearly INR2.5 trillion.
The bench, comprising ...
Bally’s selected to operate Rhode Island’s second online sportsbook
27 May 2026 at 7:08am UTC-4
Bally’s has been tentatively selected by the Rhode Island Lottery to launch Rhode Island’s second online sportsbook, ending the state’s single-operator mobile betting market ...
Rush Street execs celebrate record quarter on success of ‘casino-first’ strategy
29 April 2026 at 9:20am UTC-4
On the strength of record-level numbers for their company, Rush Street Interactive executives were in an upbeat mood during their first-quarter earnings call on 28 April ...
Iowa lawmakers advance bill to tax prediction markets
28 April 2026 at 7:55am UTC-4
Lawmakers in Iowa have moved ahead with a bill that would introduce regulations and taxes on prediction market platforms that operate in the state.
Senate File 2470, which has ...
Ohio bill proposes fees on sports bets to fund stadiums and schools
16 April 2026 at 5:50am UTC-4
Ohio Republican State Sen. Louis Blessing III has introduced legislation that would impose a 2% fee on sports wagers, directing revenue toward public sports stadiums and K-12 ...
Iowa advances bill to regulate prediction markets
1 April 2026 at 7:22am UTC-4
The Iowa Senate has passed a bill to regulate and tax online prediction market platforms, making it the first US legislative chamber to try to regulate the sector.
Senators ...
