Tag: Taxes
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 ...
Wyoming draft bill to double online gambling tax
16 June 2025 at 8:55am UTC-4
Wyoming lawmakers have drafted a bill that, if passed, will increase the state tax on online sports wagering from 10% to 20%.
During a meeting of the legislature’s select ...
DraftKings imposes Illinois levy
13 June 2025 at 1:30pm UTC-4
Following the example of FanDuel this week, DraftKings says it will levy a US$0.50 surcharge on bets placed in the Illinois. In-person wagers will be exempt from the fee, which ...
US lawmaker proposes gambling taxes pay for ICE funding reserve
13 June 2025 at 7:24am UTC-4
US Representative Michael Rulli is introducing legislation to create a reserve of money for Immigration and Customs Enforcement from gambling taxes.
The GAMBLER Act will create ...
FanDuel user fee not likely to spread past Illinois, Jefferies analyst says
10 June 2025 at 1:42pm UTC-4
Flutter Entertainment has announced it will levy a US$0.50 surcharge, or “transaction fee,” on all bets placed online in the state of Illinois, pursuant to state's institution ...
Hong Kong proposes 50% betting duty on basketball wagers
9 June 2025 at 8:17am UTC-4
Hong Kong authorities have recommended imposing a 50% duty on operators’ net profits derived from basketball betting, as part of a proposed regulatory regime for the sport ...
Illinois raises sports betting tax as part of the 2026 budget
4 June 2025 at 6:46am UTC-4
Minutes before midnight on Saturday, Illinois lawmakers passed an additional tax on sports bets.
The new tax will incur US$0.25 for every bet placed with a licensed sportsbook ...
Lower sports betting tax rise proposed in Louisiana
23 May 2025 at 7:10am UTC-4
The Louisiana House has pushed forward with a bill to increase sports betting taxes, but with a lower increase than was initially proposed.
House Bill 639, proposed by Rep ...
