Tag: Taxes
Massachusetts senator pitches new tax rate for online sportsbooks
28 March 2025 at 7:30am UTC-4
Massachusetts State Senator John Keenan got a chance to plead the case for his bill to increase restrictions on online sports betting platforms in a forum at the State House on 26 ...
India cracks down on illegal online gambling ahead of IPL season
25 March 2025 at 7:18am UTC-4
India’s Directorate General of Goods and Services Tax Intelligence has released an overview of its crackdown on offshore online gambling firms.
Under Indian financial laws ...
Michigan igaming revenue up 23.6% year-over-year in February
19 March 2025 at 10:53am UTC-4
Online gaming monthly adjusted gross receipts for Michigan totaled US$209.1 million for February, up 23.6% year-over-year from US$169.2 million. Yet, the Michigan Gaming Control ...
Illegal offshore operators comprise 15% of Australian market, Sportsbet Chief Executive says
13 March 2025 at 7:08am UTC-4
Illegal offshore operators now comprise 15% of Australia’s online sports betting market.
The figure, which is growing, highlights one of the key challenges licensed operators ...
New Jersey tax proposal draws analysis and ire
27 February 2025 at 12:26pm UTC-5
While the next New Jersey state budget for 2026 is not a done deal, J.P. Morgan analyst Joseph Greff wrote in a 27 February investor note, there is a higher probability this year ...
Flutter braces for New Jersey tax impact
26 February 2025 at 8:14am UTC-5
Jefferies Equity Research analyst James Wheatcroft has predicted Flutter could take a significant hit from New Jersey’s proposed increase in igaming and sports betting tax ...
Opposition group says igaming could cost the US $1 trillion by 2028
14 February 2025 at 6:33am UTC-5
The National Association Against iGaming released the results of a study from Innovation Group showing land-based casino revenue dropped by 16% after the legalization of igaming ...
New York senator introduces third online casino bill in three years
24 January 2025 at 6:41am UTC-5
New York State Sen. Joseph Addabbo has again proposed an igaming bill to bring online casinos to New York.
This is the third attempt at online casino legislation in as many ...
Analyst: Maryland tax hikes would “rattle online sports betting sector”
15 January 2025 at 4:13pm UTC-5
Maryland Gov. Wes Moore (D) sent a jolt through Wall Street today when he proposed steep tax hikes on gambling in the Free State. Taxation of online sports betting revenues would ...
