Tag: Taxes
States bet on boosting taxes for online sports betting companies like DraftKings, FanDuel
NEW YORK (AP) — States are looking to increase their take from the $16 billion online sports gambling industry as it expands across the... more
Higher tax rates for sports betting can spread to other states
States run the risk of going too far in their tax rates on sports betting after Illinois’s recent increase and it could become a trend if... more
Analyst: Illinois sports betting tax hike could trigger other states to follow
A gaming analyst fears an Illinois tax hike for online sports betting could spread to other states, degrading the product and pushing... more
Illinois tax boost takes immediate toll on DraftKings shares
According to J.P. Morgan analyst Joseph Greff, shares of DraftKings declined 11 percent in early trading Tuesday. He attributed the falloff... more
Michigan tribal casinos report a decrease in government payments in 2023
An annual report published by the state in April revealed that Michigan’s tribal casinos contributed $30.3 million in winnings to... more
Economist’s Pennsylvania gambling policy brief highlights revenues, risks
Frank Gamrat, Executive Director of the Allegheny Institute for Public Policy, has published a three-page policy brief on the state of... more
Illinois governor’s proposed budget includes sports betting tax hike from 15% to 35%
CHICAGO (AP) — Illinois Gov. J.B. Pritzker pitched a $52.7 billion state spending plan Wednesday with more money to address the migrant... more
Nebraska proposes taxes on skill game machines
Nebraska lawmakers have advanced a bill that would increase taxes on skill video gaming machines in convenience stores and bars. LB 685 was... more
New York dominates U.S. sports betting tax revenue
The latest data from the U.S. Census Bureau’s Quarterly Survey of State and Local Tax Revenue for the third quarter of 2023 shows... more
Nebraska auditor flags casino reporting issues
A recent report from Nebraska State Auditor Mike Foley highlights compliance issues faced by the Nebraska Racing and Gaming Commission on... more




