The Illinois legislature recently passed a new bill unexpectedly that raises the tax on sports betting, shocking the industry. This tax increase aims to fill a huge budget deficit, but it could impose a heavy burden on large sports betting companies and prompt them to consider new business models t
As Hamilton County and the Bengals wrangle over how to fund major upgrades needed to Paycor Stadium, Ohio Gov. Mike DeWine has suggested gamblers could pay for some of it.In his two-year state budget proposal released Monday, DeWine proposed raising Ohio’s sports gaming tax from 20% to 40% to genera
Maryland Gov. Wes Moore (D) sent a jolt through Wall Street today when he proposed steep tax hikes on gambling in the Free State. Taxation of online sports betting revenues would be doubled from 15 percent to 30 percent, while casinos’ table game winnings would be levied at 25 percent rather than th
Share prices of listed UK gambling operators rebounded [Wednesday] after the industry escaped the rumored dramatic tax hike in the Autumn Budget 2024.Entain, evoke plc, Rank Group and Flutter Entertainment all saw their share prices return to close to their pre-11 October levels.Major UK gambling bu
Gambling giant Flutter Entertainment has added its weight to warnings of the damage likely to be caused by dramatic rate rises on bookmakers amid news that the government could target £40 billion in spending cuts and tax hikes rather than the widely quoted figure of £22bn.Peter Jackson, chief execut
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