Tax News

Netherlands lawmakers call for greater funding for gambling regulator and sports

Lawmakers in the Netherlands have adopted motions calling for better funding for the national gambling regulator in response to delays in implementing exclusion requests. 

Among the motions adopted Tuesday is one calling on the government to review the current capabilities of gambling regulator Kansspelautoriteit (KSA), in order to ensure that is [...]

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German gambling tax raises nearly €600m in third quarter

Germany collected €596m in lottery and gambling taxes in the third quarter of 2022, a 16 per cent increase on the same period in 2021.

July 2021 marked the start of the new Interstate Gambling Treaty in Germany and provided licences for online sports betting, slots and poker. The tax rate for [...]

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German operators win betting shop tax battle

Operators in Germany are celebrating the end of a seven-year legal battle against a municipal betting shop tax.

The tax was first proposed by municipal authorities in the North Rhine-Westphalia region in late 2014 and had already been ruled unconstitutional by an administrative court in May 2015. 

In 2017, the Federal Administrative [...]

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ZEAL Network to consider dividend or share buyback as profit grows in H1

Frankfurt-listed online lottery broker ZEAL Network has reported an 11 per cent increase in first half revenue to €49.4m, alongside confirmation that its myLotto24 subsidiary has secured a €54m tax rebate relating to its former secondary lottery business.

The company said that the market environment for lotteries in Germany was positive [...]

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Australia’s NSW raises Point of Consumption tax rate to 15%

The Australian state of New South Wales (NSW) has announced reforms to its wagering taxes, including an increase in the Point of Consumption tax rate payable by betting operators.

The NSW government said that the betting tax reforms will achieve competitively neutral tax rates across online and offline betting products, support [...]

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Tabcorp takes aim at foreign operators under the guise of fair play

Tabcorp and the Australian Hotels Association have joined forces under the Aussie Fair Play Coalition banner to attack foreign-owned wagering businesses.

A TV and print advertisement for the coalition aims to highlight the fact that even major Australian wagering brands such as Sportsbet are foreign-owned and depicts foreign companies sending millions [...]

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Queensland aims to increase wagering tax

Lawmakers in the Australian state of Queensland have unveiled plans to increase the wagering point of consumption tax (POCT) to 20 per cent alongside other regulatory amendments that are designed to create a new sustainable funding model for the racing industry.

The proposal by the Queensland government will see the wagering [...]

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Lawmaker proposes higher betting taxes in Australian Capital Territory

Australian Labor Party Member Marisa Paterson is calling on the state government to initiate a comprehensive review of online gambling in the Australian Capital Territory (ACT).

In her previous role as an academic researcher, Paterson said she grew “very concerned” about the harmful impacts of online gambling, and believes that more [...]

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BetMGM cuts marketing budget in New York

BetMGM pulled back in its pursuit of players in New York during the first quarter of the year due to the state’s unfavourable tax environment.

Chief financial officer Gary Deutsch told analysts attending the BetMGM Investor Day that even at lower than typical promotion levels for a new market, operators in [...]

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British political think-tank calls for statutory problem gambling levy

British political public policy think-tank The Social Market Foundation has called for a new multimillion-pound statutory levy to fund the prevention and treatment of gambling-related harm in the United Kingdom.

The call accompanies the publication of a report by the SMF which proposes the creation of a new independent health board [...]

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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 [...]

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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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