Tag: Taxes
Kentucky: Coalition sues to block state’s new 14.25% prediction markets tax
FRANKFORT, Ky. (AP) — A coalition that includes Kalshi, Crypto.com and Polymarket filed a lawsuit Friday challenging Kentucky’s... more
Slot manufacturers working to recoup tariff expenses
The CEOs of slot manufacturers are working to recoup the cost of the tariffs that cut into their bottom lines and prompted them in some... more
Nevada representative: CFTC should stick to regulating sow bellies, not sports betting
Nevada Rep. Dina Titus, co-chair of the Congressional Gaming Caucus, rallied Tuesday against prediction markets, saying the federal agency... more
Brazil’s president argues for ban on online betting platforms
SAO PAULO (AP) — Brazil’s President Luiz Inácio Lula da Silva said on Wednesday he favors a national ban on online betting platforms, whose... more
LinkedIn Links: Prediction markets, NCPG’s gambling hotline, Super Bowl and more
LinkedIn Links highlights seven gaming-related posts that caught our eye on social media this week. This week we feature posts by Chris... more
Adapting U.S. slots for new IRS jackpot threshold could take months
While casino operators and players cheer the newly raised IRS threshold for reporting slot jackpots, implementing that simple-sounding... more
UK tax hit worse than expected, Jefferies analyst says
Markets were expecting a UK tax rate hike on certain gambling revenues on the order of 25% to 30%, reported Jefferies Equity Research... more
British horse racing goes ahead with strike action in tax protest
LONDON (AP) — British horse racing went ahead Wednesday with its unprecedented one-day strike to protest a feared rise in taxes on race... more
British horseracing to hold one-day strike in protest of rise in gambling taxes
LONDON (AP) — British horseracing will stage an unprecedented one-day strike on Sept. 10 to protest a proposed rise in taxes on race... more
Dotty’s slot parlor reimbursed nearly $5M for overpayment of Nevada gaming taxes
Less than a year after paying Dotty’s slot parlor chain $3.1 million for overpayment of gaming taxes, the Nevada Gaming Commission voted to... more
