Tag: Taxes
Dutch government confirms gambling income tax hike to 37.8% by 2026
The Netherlands’ new Conservative Coalition government has confirmed that it will apply a two-step approach to raising income taxes... more
DraftKings seeks ‘favorable’ alternative to aborted fee on winning bettors
DraftKings is considering a “more favorable solution” to high taxes than the surcharge fee it briefly planned but withdrew amid... more
Colombia proposes tax hikes on gambling platforms, wealthy individuals
Colombia’s government is proposing new tax increases on wealthy individuals, gambling platforms and carbon emissions to rein in the... more
Holland Casino unions speak out against Netherlands gambling tax hike
De Unie (The Union) has announced that it has, along with another union, approached The Hague regarding a proposed increase in the gambling... more
Borgata, Atlantic City’s top casino, underpaid its online gambling taxes by $1.1M, regulators say
ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators say Atlantic City’s top-performing casino, the Borgata, underpaid some of its... more
Ecuador sees 65 firms declare interest in 15%-taxed betting market
Ecuador’s Internal Revenue Service (SRI) has confirmed that a total of 65 sports betting companies have agreed to pay the national 15%... more
Nevada casino taxes exceed expectations in FY2024
Casino taxes and fees collected by Nevada during the state’s most recent fiscal year exceeded economic forecasts, according to data from... more
Nebraska: Grand Island casino earnings help reduce county taxes
The proposed Hall County budget for 2024-25 uses casino earnings to help reduce the tax burden for county property owners. Under actions... more
In Las Vegas, Trump touts proposal to end taxes on tipped wages
Former President Donald Trump touted his proposal to remove taxes on tipped wages while repeating his typical freewheeling campaign... more
Where all the sports betting tax money actually goes
Legalized sports gambling lets state governments tax what used to be an illicit and off-the-books activity. But where does the money go,... more