"tax" Tag Results

By Leanne Simmons

Sports Betting Finally Coming to New York

April 14, 2021

The sports betting sector is one of the fastest-growing industries in the United States. There are now more states allowing their residents to legally wager on sports than ever before. Many states have been working towards embracing sports betting, but there are also some such as New York that, for a very long time, chose […]

By Nate Wheeler

Gov. Charlie Baker Proposes Bill to Legalize Sports Betting

January 20, 2019

In May 2018 something remarkable happened in the worlds of sports and gambling. After about 26 years within which sports betting was legal in all states but Nevada and a handful of other venues, the United States Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), the law that made bookmaking illegal. […]

By Sienna Walker

Gambling Business in the UK Faces Tax Increase

October 30, 2018

UK gambling tax will go up to 21{44b09f69e02b4a9880bf6e3f987d2afd285263f93639dabf176d3ae6ad2c79c6}, posing new difficulties for the industry in the country. The measures are coming into effect in October, 2019 New Tax Challenges for the UK Gambling Industry On Monday,October 29, the UK Treasury convened to decide on a number of issues regarding the future budget. Chancellor Phillip Hammond […]

By Michael Naydenov

Gambling Tax in the UK to Go Up by 10%

October 23, 2018

A new Budget meeting on October 29 may see British Chancellor of the Exchequer Phillip Hammond plug the fiscal hole open by the UK government’s decision to reduce the maximum bets of the Fixed-Odds Betting Terminals (FOBTs) to $2. By levying more tax from overseas bookmakers, the government is hoping to keep the level of […]

By Ameana Jones

Japan's Gamblers Avoid to Pay Taxes

October 12, 2018

Gambling taxation has been a pesky issue, not only because regulation is still quite contentious and getting to actually play somewhere is quite the challenge. Au contraire, it has to do with gamers’ unwillingness to pay tax on what they have earned. Looking at Japan’s Gambling Taxation Skivers A recent survey conducted by Japan’s Board […]

By Nate Wheeler

Delaware Legalizes Landbased Sports Betting First!

June 5, 2018

Delaware has become the first state for legalized sports betting following the recent debacle of PASPA, a piece of legislation that had kept the activity at bay for years. Now that the sluice gates of sports betting have finally been pried open, all the winnings will go your way! It’s hardly only states that are […]