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Industry
March 28, 2025
Congress Reintroduces SLOT Act to Raise Slot Machine Tax Reporting Threshold
In a bid to modernize outdated tax regulations in the gaming sector, Congresswoman Dina Titus (D-NV) and Congressman Guy Reschenthaler (R-PA), co-chairs of the bipartisan Congressional Gaming Caucus, have reintroduced the Shifting Limits on Thresholds (SLOT) Act. This proposed legislation seeks to raise the reporting threshold for winnings on slot machines from $1,200 to $5,000 […]
Business
March 27, 2025
The Netherlands Records €1BN Record-Smashing Gambling Tax
As per information from Statistics Netherlands (Centraal Bureau voor de Statistiek, CBS), the body in charge of publishing “reliable and consistent statistical information” that responds to the demands of society, collected revenue from gambling taxes smashed all records in 2024 in the Netherlands, reaching an unprecedented €1 billion ($1,07 billion). The impressive figure was mainly […]
Industry
March 24, 2025
Maryland to Increase Online Betting Tax to 20% Instead of 30%
Maryland lawmakers have decided against the initial plans to introduce a significant tax hike for online sports betting. While the tax hike will still happen, it will be much lower than previously discussed. Maryland Decides Against Boosting the Tax to 30% The original tax hike was outlined in Governor Wes Moore’s budget proposal. Published in […]
Industry
March 19, 2025
Michigan Online Gaming and Betting Slowed Down in February
The Michigan Gaming Control Board (MGCB) has published information about the local online gaming and sports betting markets’ performance in February. The report showed a significant increase in sports betting from January despite the Super Bowl. iGaming & Sports Results Weaker than January, Stronger than February 2024 According to the MGCB, Michigan’s commercial and tribal […]
Industry
March 19, 2025
Economists Predict Higher Sin Taxes Will Affect Ohio Markets
Recently, Ohio Gov. Mike DeWine proposed an increase in sports betting taxes, marking another tax hike after the state already doubled its betting tax in 2023. The latest push seeks to generate funds for sports facilities across the state, among other initiatives. Experts Agree Increase in Gambling and Cannabis Taxes May Decrease the Harmful Effect […]
Industry
March 14, 2025
Ohio’s Second Betting Tax Hike Proposal Loses Traction
While many states have been increasing their gaming and sports betting taxes, Ohio’s new tax hike proposal seems unlikely to pass amid bipartisan opposition. DeWine Wants to Raise the Betting Tax to 40% Ohio Governor Mike DeWine has long been bullish on raising the sports betting taxes even further and ensuring that harmful industries return […]
Industry
March 7, 2025
Armenia Doubles Gambling Levies in Unprecedented Industry Crackdown
Armenia has approved a hefty increase in tax for gambling operators, with the rate doubling from 1 April 2025. The government believes the move will generate an extra 13 billion drams ($33 million) each year, with authorities warning of further increases unless a gambling oversight body gets established. Armenia thus hopes to usher in a […]
Industry
March 5, 2025
New Jersey Lawmakers Divided on Proposed Gambling Tax Hike
New Jersey is another US state where lawmakers are considering increasing gambling taxes. Late last month, Gov. Phil Murphy pitched a gambling tax hike, proposing an increase on the levy applicable for online gaming and sports betting. While most lawmakers oppose increasing taxes, one Democratic Senator spoke in favor of the proposed gambling tax increase. […]
Industry
March 5, 2025
Gambling Loss Tax Deduction Bill Advances in North Carolina
A bill, proposing a gambling loss income tax deduction, is making its way in North Carolina. The proposal, which was introduced near the end of January this year, recently received bipartisan support by a House committee. House Bill 14 Receives Bipartisan Support The bill, titled “Gambling Losses Tax Deduction” seeks to enable North Carolina residents […]
Industry
February 26, 2025
Mississippi Moves to Raise Casino Taxes amid Online Betting Debate
The ongoing attempts to reshape Mississippi’s gambling landscape could result in a significant casino sector tax hike after the House Ways and Means Committee approved raising the levy from 12% to 16%. The motives behind this proposal lie in the Mississippi Senate’s unsuccessful attempts to legalize online wagering, costing the state significant missed revenues. Mississippi […]
