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New York bill aims to increase mobile betting licenses and lower tax rate

New York state senator Joseph Addabbo introduced a bill Friday that would require the state to expand its mobile sports betting market to include at least 14 licensed operators by January 2023, with a lower gaming tax applicable to a higher number of operators.

Senator Addabbo’s bill would require the New [...]

1 min read

US states see big wins from sports betting and iGaming

Sports betting and online gaming in the United States is translating into big wins for regulated states, delivering millions of dollars in revenue to state programs.

New York has been one of the biggest beneficiaries of recent regulations, with its mobile sports betting market generating more than $70.0m in tax revenue [...]

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Virginia sports betting amendment seeks to limit promotional spend deductions

Sports betting operators in Virginia will have to rein in their promotional spending if lawmakers approve proposed amendments to gambling legislation.

The amendments introduced Wednesday (Jan. 12) could increase sports betting taxes for the state by eliminating carry over of losses and limiting promotional credits.

Under existing law, sports betting operators are [...]

1 min read

Lithuania adopts new lottery and gaming tax rates

The parliament of Lithuania has adopted new tax rates that will apply to lottery and gaming operators from next year.

The new tax rates for retail and online betting and gaming operators will come into force on July 1, 2022, with the new lottery tax coming into force in January 2023.

The [...]

1 min read

New York mobile wagering tax set at up to 64%

New York’s Mobile Sports Wagering Evaluation Committee has determined the final tax rates that will be paid by mobile sports betting operators in the state, based on the number of licensed operators.

The mobile sports betting licensing process, which closed to applicants in August, required prospective licensees to propose the highest [...]

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Schleswig Holstein proposes iGaming tax rate of up to 44% of GGR

Lawmakers in the German state of Schleswig Holstein are considering new legislation that would tax online casino games at up to 44 per cent of gross gaming revenue.

Under the current German State Treaty on Gambling, online slots and poker games are regulated and taxed at the national level, with individual [...]

1 min read
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Philippines brings in new POGOs tax on foreign employees

A new tax on Philippine Offshore Gaming Operators (POGOs) has been signed into law by President Rodrigo Duterte.

Republic Act No. 1159 clarifies the tax liabilities of POGOs, their employees and services providers, and incorporates them into the Philippines tax system.

A key feature of the Act is a final withholding tax [...]

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Italian Football Federation seeks betting levy and return of sponsorship

Italy’s Football Federation has submitted a proposal to the Italian Government aimed at increasing funding for the sport through a betting levy and relaxation of gambling sponsorship rules.

The federation (FIGC) says that the Covid-19 pandemic has decimated the finances of Italian football clubs, which are said to return €17.30 to [...]

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Germany Berlin

Germany adopts tax on iGaming stakes

Online gaming operators in Germany will be subject to a tax on all stakes with the opening of the regulated market on July 1.

Following a public hearing into the proposed tax on Monday, the finance committee of the German parliament approved amendments to the Racing Betting and Lottery Act on [...]

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Louisiana

Louisiana Governor signs sports betting licensing and tax bill

Louisiana Governor John Bel Edwards has signed legislation setting license fees and tax rates for sports betting operations in the state.

The Act sets the initial non-refundable application fee for a sports wagering license at $250,000 alongside a fee of $500,000 for a five-year license, with all fees deposited into the [...]

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German finance committee hears evidence on proposed online tax rate

German lawmakers hosted a fierce debate on Monday into the planned taxation of online poker and slot games, with experts on hand to support all viewpoints.

The public hearing before the Finance Committee of the German parliament heard evidence for and against the proposed 5.3 per cent tax that will apply [...]

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Atlantic City tax relief bill submitted to Governor for approval

Lawmakers in New Jersey have passed legislation to give Atlantic City casinos relief on gaming taxes in an effort to accelerate the industry’s recovery after Covid-19.

Under the legislation currently pending approval from Governor Phil Murphy, casinos will be eligible for a 100 per cent reduction on the eight per cent [...]

1 min read
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