Tag: Taxes
AGA backs bill to restore 100% deduction on gambling losses
The American Gaming Association released a statement Monday backing proposed legislation to restore the 100% deduction for gambling losses.... more
Wall Street Bets: Illinois tax increases, Las Vegas outlook, New York OSB, Gambling.com
OSB tax increases in Illinois Jefferies’ David Katz on June 16 looked at how some companies are reacting to the increase of taxes on... more
Wall Street Bets: Illinois OSB tax increase, New York OSB, Las Vegas Strip
Wall Street Bets is a roundup of recent notes from analysts covering the gambling industry. Surprise tax increase in Illinois Barry Jonas... more
Things to know about ‘no tax on tips,’ Trump’s tax pledge that’s in the GOP budget bill
NEW YORK (AP) — President Donald Trump’s “ no tax on tips ” pledge became a catchphrase for his 2024 campaign. Now it’s inching closer to... more
U.S. lawmakers reintroduce bill to eliminate federal sports betting handle tax
For the fourth time since the proliferation of sports wagering, Democratic Representative Dina Titus of Nevada and Republican Guy... more
Analyst: Little impact on Rush Street Interactive from sudden Colombian tax
By presidential decree, Colombia has imposed a 19 percent value-added tax (VAT) on deposits with igaming operators. In a February 18... more
American Gaming Association welcomes Trump to Las Vegas, signals industry priorities
The American Gaming Association (AGA) weighed in on President Donald Trump’s visit to a downtown Las Vegas casino on Saturday. AGA member... more
Louisiana lawmaker highlights $4.6 billion in lost revenue to unregulated casinos
Louisiana State Rep. Mike Echols highlighted that the state is losing around $4.6 billion in annual revenues to unregulated online casino... more
Lawmaker group proposes 15%-25% tax for igaming expansion
The National Council of Legislators from Gaming States (NCLGS) has drafted model legislation to guide states considering authorizing... more
Louisiana lawmaker proposes hiking sports betting tax to 51 percent
Louisiana State Rep. Roger Wilder III has introduced a bill that seeks to raise the state’s tax rate on sports betting revenues from 15 to... more
