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Industry
October 15, 2024
More Than Half of UK Residents Support iGaming Tax Hike, Survey
Ahead of the release of the UK government’s Autumn Budget, a newly released study suggests more than half of the Brits support the idea of increasing taxes for online gambling. Three Quarters Support Raising Gambling Taxes Recently, the Labour Party in the country encountered a £22 billion ($28.7 billion) “black hole.” In an effort to […]
Industry
October 14, 2024
France’s Gambling Tax Remains Unchanged for Now
France was reportedly mulling over following in the footsteps of other markets and increasing its gambling tax further. While this didn’t happen, the industry is not completely out of danger yet. The Latest Bill Did Not Include a Tax Hike Proposal Financial expert Les Echos had suggested that the 2025 Social Security Financing Bill would […]
Industry
October 14, 2024
BGC CEO Unamused at Reported Gambling Tax Hike Proposal
Britain’s plans to introduce a tax hike do not sit well with the Betting and Gaming Council, which argued that the new proposals are based on “fantasy economics.” In an interview with gaming news outlet NEXT.io, CEO Grainne Hurst expressed her concerns about the mulled tax changes, saying they could harm the legal industry. Hurst […]
Industry
October 14, 2024
Labour Party Considers £3bn Tax Hike for Gambling Companies
The gambling sector in the UK is currently going through regulatory changes amid the government’s efforts to make the rules suitable for the digital age. While the changes are related to the White Paper following the review of the Gambling Act, a new report suggests some gambling operators may be affected by a tax hike. […]
Industry
October 8, 2024
Proposition JJ Seeks to Retain Extra Betting Tax Revenue in Colorado
A proposal that will appear on the ballot in November will try to keep excess tax proceeds from sports betting in Colorado and use them to fund different water projects. The Proposal Will Appear on the Ballot in Colorado Next Month This is the purpose of Proposition JJ, under which Colorado voters will be asked […]
Business
October 4, 2024
FDJ, Not Concerned About French Gambling Tax Rise Amid Stock Price Hit
Shares of French gaming group La Française des Jeux (FDJ) have plummeted on Thursday following a report that the French government is contemplating the idea of boosting social security contributions from the gambling sector starting in 2025. According to the business daily Les Echos, this measure is aimed at enhancing the Social Security budget, leading […]
Industry
September 30, 2024
US Tax Foundation Discusses the Disparity in State Betting Taxes
The Tax Foundation has published a report on the various states’ approach to how sports betting should be taxed. The foundation highlighted noticeable disparities between states with high taxes and ones in low taxes. The Tax Rates Vary from State to State The report pointed out that New York, New Hampshire and Rhode Island have […]
Industry
September 23, 2024
Dutch Law Firm Critiques the Gambling Tax Hike
A gambling law firm has criticized the Dutch government for ignoring the industry’s tax hike-related concerns. The Netherlands, for context, is considering a tax increase, which many believe would hurt the regulated market. The Tax Changes Displeased the Industry The tax increase was proposed earlier this year. The government expects to rake in hundreds of […]
Industry
September 10, 2024
India Holds Firm on 28% GST for Online Gaming despite Industry Pushback
According to the latest data by the Indian government, revenue from online gaming has reached ₹6,909 crore ($832 million) in just six months, rising by 412% despite the recent Goods and Services Tax (GST) hike to 28%. Finance Minister Nirmala Sitharaman confirmed these figures during the 54th meeting of the GST Council on 9 September […]
Industry
August 27, 2024
Pennsylvania Surpasses New York and Nevada in Casino Tax Revenue
According to the American Gaming Association (AGA)’s annual report for 2023, Pennsylvania has claimed the crown for gaming-specific tax revenues, surpassing every other US state. The Keystone State’s gambling sector is showing no signs of slowing down, as July’s results highlighted a robust and diverse industry that can deliver sustained growth despite emerging challenges. Pennsylvania […]
