Missouri lawmakers are weighing a casino and sports betting tax overhaul that could raise fresh revenue as the state looks for ways to rely less on income taxes. Old Casino Fees Get a Fresh Look Missouri’s casino tax setup may be heading for its biggest shake-up in decades. House Bill 3533, sponsored by Rep. Jeff […]
Sports Betting Tax
Washington Eyes a Much Bigger Slice of Sports Betting
A proposed jump in the federal sports betting tax could raise a fortune for the government, but regular bettors may feel the sting first through worse odds and pricier wagers. A Market That Exploded After 2018 Legal sports betting in the US has moved from fringe to mainstream at breakneck speed. Since the Supreme Court […]
Bipartisan Push to Eliminate Federal Sports Betting Tax Gains Momentum
Lawmakers Target “Outdated” Excise Tax That Favors Illegal Operators Congressional Gaming Caucus leaders have launched a renewed effort to abolish the federal excise tax on sports wagers, arguing that the seven-decade-old levy hampers legitimate businesses while giving illegal bookmakers an unfair advantage. Representatives Dina Titus (D-Nevada) and Guy Reschenthaler (R-Pennsylvania) recently introduced the Discriminatory Gaming […]
Illinois Senate Approves Progressive Tax Structure for Sports Betting
The Illinois Senate has voted in favor of a new bill that restructures the tax system for sports betting operators within the state. Passed with a vote of 37-22, the bill, known as HB 4951, introduces a progressive tax scale based on the adjusted gross revenue (AGR) of sports betting companies. This significant shift in […]
