The New Jersey Senate recently passed a significant bill that bans lottery gambling activities and significantly raises the tax rate for sports betting and online casino operators to 19.75%. This tax adjustment, up from the previous 13% (online gambling) and 15% (sports betting), is expected to have
The "Big Beautiful Bill" promoted by U.S. President Trump recently passed the Senate narrowly, but a tax provision known as the "Gambler's Killer" has sparked huge controversy. The bill could not only severely impact high-stakes gamblers but also affect industries such as American horse racing that
The New York State Legislature recently finalized the key financial terms for three casino licenses in the southern part of the state, marking the beginning of a new round of casino bidding.According to a meeting on Monday that lasted about 10 minutes, the New York State Gaming Commission's Gaming F
Operator Paf has announced its full-year financial data for 2024, with total revenue of 183 million euros ($205.8 million), a 3% increase from the figures reported in 2023. In fact, the company stated that while achieving this positive growth, its operating profit and net profit have declined
The Isle of Man, as one of the world's leading online gambling regulatory jurisdictions, attracts many high-end gambling operators with its strict compliance standards, tax incentives, and international recognition.1. Overview of Isle of Man Gambling LicensesThe Isle of Man, located in the Irish Sea
A new tax on UK betting businesses is funding efforts to tackle gambling-related harm.The UK government has introduced a new statutory gambling levy, forcing licensed betting firms to contribute between 0.1% and 1.1% of their annual gross gambling yield.The scale of the levy will vary depending on t
The UK Parliament has approved new regulations introducing a maximum stake limit for online slot games, marking a significant change in British gambling regulation.The measure will impose a limit of 5 pounds ($6.23) per game for adults aged 25 and over, and a stricter limit of 2 pounds for players a
Waterford, Ireland -- According to the latest research by Statista, the gambling industry has had a significant impact on the national economy from 2020 to 2024.By the end of 2024, the revenue generated from the online gambling market alone is expected to reach an astonishing $97.7 billion. An expe
The Times published the 2025 annual tax list, showing the industries that paid the most taxes over the past year, with the gambling industry ranking in the top three.The owners of Betfred, Fred and Peter Done, along with their family, and the owners of bet365, Denise, John, and Peter Coates, ranked
Maryland Tax Rate Increase May Impact DraftKings, FanDuelAmid plans for a tax hike in Maryland, two analysts explored the potential impact increasing the tax rate may have on the gambling sector.Proposal in Maryland Seeks to Raise Table Games and Betting TaxesEarlier this week, Gov. Wes Moore uncove
According to Cambodian media reports, after several years of decline due to the COVID-19 pandemic, the tax revenue from the gambling industry in Cambodia has significantly increased.The Cambodia Commercial Gambling Management Committee stated that in 2024, Cambodia's gambling tax revenue exceeded 60
A Glasgow MP has raised questions about how the UK government's proposed mandatory gambling tax would benefit local communities, especially those severely affected by gambling-related harms.Glasgow, second only to London in terms of the number of betting companies, also faces significant challenges
New Zealand's proposed online gambling regulations have sparked debate, with local casino operators expressing concerns about the upcoming competitive licensing process.The New Zealand government plans to issue 15 online casino operator licenses through a competitive auction, expected to generate ap
Holland Casino is taking measures in order to save costs and increase profits. The casino chain is going to start a pilot which will lower the chances of winning at roulette, and jobs at the company’s headquarters are being cut. The measures must be taken because the gambling tax will increase next
JVH Gaming, the operator behind Jack’s Casino and other fruit machine arcades, has announced plans to shut down 25 locations and reduce its headquarters staff as the company contends with escalating costs and increasing gambling taxes. The closures, primarily targeting arcades under the Flash Casino
JVH Gaming & Entertainment, the company behind Jack’s Casino, Flash Casino, and Flamingo Casino, is going to close 23 of its 87 locations soon. The company attributes the measure to the upcoming increase in gambling tax.“The upcoming increase in gambling tax will impact JVH Gaming heavily and st
