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Tennessee collects $1M less in sports gambling taxes despite increase in bets

October 26, 2023 - Tennessee collected $1 million less in taxes on sports gambling in September despite an $83 million increase in overall gross wagers in the state compared to September 2022. The difference... Read more »

Tennessee collects $1M less in sports gambling taxes despite increase in bets

October 20, 2023 - Tennessee collected $1 million less in taxes on sports gambling in September despite an $83 million increase in overall gross wagers in the state compared to September 2022. The difference... Read more »

Gambling taxes generated record $1.99 billion for Illinois last year, but can it last?

October 8, 2023 - The expanding array of wagering opportunities in Illinois created the state’s largest windfall to date from gambling-related taxes during the last fiscal year. The Illinois legislature’s Commission on Government Forecasting... Read more »

Tennessee collects $4.6M in sports gambling taxes in first month of handle tax

July 18, 2023 - Tennessee received $4.6 million in taxes on $230.3 million in sports wagers in June, the first month the state began a new system for taxing sports gambling. Under the previous... Read more »

West Virginia collected $20.8M in iGaming and $5.3M in sports gambling taxes

July 10, 2023 - West Virginia collected $20.8 million in taxes on iGaming and $5.3 million on sports gambling during the recently completed fiscal year. The numbers are increases from the $12.9 million collected... Read more »

Tennessee collected $7.1M in sports gambling taxes in May

June 14, 2023 - Tennessee collected $7.1 million in privilege taxes on mobile sports betting in May, which is nearly $2 million more than the state would have collected under a new tax structure... Read more »

Industry council urges new UK culture secretary to reject fresh gambling taxes

February 12, 2023 - Betting and Gaming Council (BGC) chief executive Michael Dugher has called on Britain’s new secretary of state for Culture, Media and Sport Lucy Frazer to reject any proposals for additional... Read more »

Tennessee collects $5.9M in sports gambling taxes after record November

January 4, 2022 - A record-breaking month of revenue for sports gambling operators in Tennessee led to $5.9 million in taxes in November, according to data from the Tennessee Education Lottery and Sports Wagering... Read more »

Brazil could get $9 billion a year from gambling taxes in reform

September 23, 2021 - Brazil’s income tax reform could be adjusted to include the legalization of gambling, yielding as much as 50 billion reais ($9.5 billion) a year for public coffers, according to the... Read more »

Italian Senate passes new gambling taxes, hitting industry hard

December 30, 2018 - Now that last week’s proposed amendments to Italy’s budget have been confirmed and passed by the Italian Senate by a rather resounding 167-to-78 margin, Italian gambling firms must be feeling... Read more »