Tax News

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 [...]

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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 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 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 [...]

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EGBA submits formal complaint over German online poker and slots tax

The European Gaming and Betting Association (EGBA) has submitted a formal complaint to the European Commission over the German government’s plan to set a 5.3 per cent tax on online poker and slot stakes.

The Brussels-based trade association said that the proposed tax, which applies only to online operators, would provide [...]

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EY study shows betting and gaming’s contribution to UK economy

Britain’s betting and gaming industry generated £4.5bn in tax revenue for the UK Treasury in 2019, according to a new study by EY.

The study by EY was commissioned by the Betting and Gaming Council and shows that the industry supported 119,000 jobs in 2019, including 61,000 people who were directly [...]

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Victoria to raise point of consumption tax for betting operators

The Australian state of Victoria is expected to introduce new legislation to increase the point of consumption tax (POCT) paid by sports betting operators.

The state government plans to increase the tax rate from 8 per cent to 10 per cent of net wagering revenue from 1 July, bringing Victoria into [...]

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Playtech to switch tax residency to UK

London-listed gaming operator and technology supplier Playtech is proposing to switch its tax residency from the Isle of Man to the United Kingdom.

The board of Playtech has called a general meeting of the company on 18 December to consider the move, which will enable it to hold board and shareholder [...]

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