Tag: Taxes
BetSaracen exec claims federal gambling tax change won’t impact casual bettors
15 July 2025 at 5:47am UTC-4
Saracen Casino Resort Chief Market Officer Carlton Saffa has said he doesn’t believe that the new federal gambling tax change limiting gamblers' ability to deduct losses from ...
Senate Republicans block attempt to undo gambling tax change
14 July 2025 at 6:27am UTC-4
Republicans in the Senate have blocked a Democratic effort to undo a gambling tax change in the One Big Beautiful Bill Act that will reduce the amount of gambling losses players ...
Nevada lawmaker introduces act to combat Trump’s Big Beautiful Bill
8 July 2025 at 7:00am UTC-4
Nevada Rep. Dina Titus introduced the Fair Accounting for Income Realized from Betting Earnings Taxation Act on Monday in retaliation for President Trump’s recently passed One ...
Brazilian igaming panel calls for more certainty in the market
7 July 2025 at 7:54am UTC-4
BetMGM Brazil Head of Legal Eduardo Ludmer and Super Afiliados Head of Affiliates Pedro Lucas have both called for more certainty in the Brazilian market as they reflect on the ...
Gamblers share concern over tax hike in US budget bill
4 July 2025 at 7:44am UTC-4
Gamblers and industry stakeholders are expressing concerns over a provision in the recently passed US budget bill that will negatively effect tax provisions for gamblers.
The ...
Higher taxes to crimp DraftKings earnings but not Rush Street’s, Jefferies analyst says
3 July 2025 at 12:15pm UTC-4
New, state-level tax increases and the cost of entering the prediction markets will be a squeeze on DraftKings’ revenue in the near future. That’s the forecast of Jefferies ...
Igaming will outperform this year, Macquarie analyst says
26 June 2025 at 2:40pm UTC-4
Igaming stocks are rising three times as fast as the S&P Index. That was one of the salient findings of Macquarie Equity Research analyst Chad Beynon in an investor note ...
New Jersey finalizes igaming and sports betting tax rate
26 June 2025 at 7:11am UTC-4
New Jersey lawmakers have agreed to raise taxes on igaming and sports betting to 19.75%, less than the original 25% Gov. Phil Murphy proposed in February.
Legislators made a ...
Garden State tax increase can be managed, Truist analyst says
24 June 2025 at 4:35pm UTC-4
Following up on reporting in NJ.com, Truist Securities analyst Barry Jonas weighed in on the tax-increase compromise reached between New Jersey Gov. Phil Murphy and the state ...
Fitch: Tax hikes could stunt sports betting’s growth
16 June 2025 at 4:41pm UTC-4
“Recent and proposed state sports betting tax hikes could dampen the online gaming sector’s positive growth momentum,” Fitch Ratings Associate Director David Lowenstein ...
