Legal
September 22, 2022
Germany Protects Betting Shops from Local Taxation
Germany’s Federal Administrative Court in Leipzig, a supreme court for administration-related issues, has decided that municipalities will no longer be able to tax local betting shops. Until now, municipalities were able to levy various taxes. Dortmund’s Municipality Imposed Unjust Taxes The issue stems from a complaint from operators in Dortmund. Local gambling shops were discontent […]
Industry
July 19, 2022
Romanian Operators Facing New Tax Bands
Gambling operators in Romania are currently going through a rough patch in the context of the recent regulatory adjustments in the Fiscal Code. The new regulations that are forcing them to increase the taxes on player winnings were ratified by the country’s Parliament and will go into effect starting August 1. All licensed online and […]
Industry
July 15, 2022
MGCB: Legalized Gambling, Sports Betting Brings $2.5B to Schools
Licensed regulated gambling in Michigan boosted schools with taxes for more than $2.5 billion between 1999 and 2021, reveals a new report released by the regulator in the state. MGCB Celebrates a Landmark Moment The Michigan Gaming Control Board (MGCB) announced Thursday that it had collected more than $2.5 billion from casinos in Detroit, as […]
Industry
June 6, 2022
Queensland Changes Gambling Taxes to Support Racing
The Australian state of Queensland will introduce a significant increase to the taxes that corporate sports betting companies pay. This was announced by the state government today. Queensland Levels the Playing Field Queensland’s vision is to change how racing is funded. To that end, a new 5% racing levy will be introduced. This adds to […]
Industry
May 3, 2022
Tax Increase for Aussie Sports Betting Companies May Bring Dire Consequences
Sports betting operators from the self-governing Northern Territory (NT) in Australia shared their concerns regarding a possible increase in taxes, a new report suggests. A New Report Claims Increase in Taxes May Impact the Sports Betting Industry in Australia On Monday this week, ABC released details obtained under the Freedom of Information law regarding submissions […]
Blockchain
March 21, 2022
India to Tax Crypto Same as Lottery Winnings
India is preparing to regulate its cryptocurrency industry – in fact, it’s already there, and the country is introducing a 30% tax that will apply to investor capital gains. The levy will be rolled out in April and it will be the first time that a formal law has been passed to try and finally […]
Casino
January 3, 2022
Michigan SB 764 to Allow Bettors to Deduct their Losses from Taxation
Michigan’s Governor, Gretchen Whitmer, has ushered in a new age for gambling by signing Senate Bill 764. The bill was signed last week and effectively overwrites some of the Income Tax Act of 1967. Senate Bill 764 Will Allow Bettors to Deduct their Losses from Taxation Thanks to the new bill, punters across Michigan will […]
Industry
November 30, 2021
Malta: Negotiating Minimum Tax Rate Carve-Outs and Concessions
Malta is mulling on how to sweeten the impact on businesses, including some large gambling companies headquartered in the island country, from the upcoming tax rate hike in 2023, an article in the Times of Malta speculates. Gambling Hub Status under Threat The new corporate tax that will be introduced will be in line with […]
Industry
October 28, 2021
HMRC Accepts a New GGY Tax Bands Proposal, Effective April 2022
HM Revenue & Customs (HMRC) has accepted a new proposal considering the gross gaming yield (GGY) tax bands. According to this new policy, the GGY tax bands that are applied to the earnings of land-based casinos will expand. The main goal behind these new tax bands is to maintain the duties of casino operators at […]
Industry
October 25, 2021
New York Mobile Sports Betting Operators May Work With a 64% Tax Rate
Mobile sports betting operators’ deadline to amend their proposed tax contribution expires today at 5 PM as told by the New York State Gaming Commission (NYSGC). The Commission also confirmed that a GGR rate of up to 64% could apply to applicants. The Highest Tax Rate Has Been Selected, According to the Commission The NYSGC’s […]