tax
Bill to end sports betting excise tax revived
Representatives Dina Titus (D-NV) and Guy Reschenthaler (R-PA) have reintroduced a house bill to end the federal excise tax on legal sports bets. The Discriminatory…
Bill proposes increasing US slot tax threshold to $5,000
The US Congress is to consider a new bill that proposes increasing the country’s current slot tax threshold from $1,200 to $5,000. Introduced yesterday (March…
Pennsylvania sets igaming revenue record again in May
Pennsylvania set yet another record in online casino revenue in May, as operators brought in $98.6m, up 76.7% from May 2020, and 10.9% ahead of…
Virginia sports betting handle surpasses $300m in March
Players in Virginia wagered $304.1m on sports during March, while the six operators in the US state were able to generate $13.8m in adjusted gross…
US Congress to consider repealing 0.25% federal handle tax
The United States Congress is to consider a new federal bill aiming to remove a national 0.25% excise tax on sports wagering handle. HB2350, also…
AGA report: Michigan casinos worth $6.3bn annually to state
Michigan’s 27 combined commercial and tribal casinos have an annual economic impact of $6.3bn for the state, according to a new report from the American Gaming…
MA amendments double betting tax and add ilottery component
The Massachusetts legislature has amended sports wagering bill put forward last week, adding provisions to legalize online lotteries, but doubling the tax rate for online…
Congressional bill aims to scrap 0.25% federal handle tax
Representatives and congressional Gaming Caucus co-chairs Dina Titus and Guy Reschenthaler have introduced a federal bill – HR7790 – to repeal the US’s 0.25% excise…
California bill proposes exclusive betting rights for tribes and tracks
A constitutional amendment that would allow sports betting in California has been referred to the committee on governmental organisation, after details were added to the…
AGA appeals for reform of jackpot tax reporting threshold
The American Gaming Association (AGA) has urged the US government to raise the slot jackpot reporting threshold, which requires machines to be temporarily taken out…
Study: NJ online gambling created 1,851 jobs last year
New Jersey’s online gambling industry created 1,851 jobs in the state and brought in $52.3m in taxes in 2018, according to a new report from…
Florida Senator submits sports betting legislation
Florida Senator Jeff Brandes submitted three bills in the state senate to regulate sports betting in Florida on Monday (18 November). The bills, SB 968,…
Atlantic City Mayor eyes cut of NJ sports betting tax
Atlantic City Mayor Marty Small Sr. has called for the city to receive a direct cut of sports betting tax in New Jersey, arguing it has…
Puerto Rico governor signs sports betting bill into law
Puerto Rico’s outgoing governor, Ricardo Rosselló, on 29 July signed the Betting Committee Act, which would legalize sports wagering in the Commonwealth of Puerto Rico.…