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New Illinois Sports Betting Tax Rate to Take Effect on July 1
Governor JB Pritzker signed the Illinois budget for Fiscal Year 2025 this week. Also, it included the new Illinois sports betting tax rate for licensed sportsbooks, to the dismay of operators. The $53.1 billion budget included the first progressive tax rate for…
Nevada Rejects Proposed PropSwap Sports Betting Ticket Exchange
The Nevada Gaming Control Board turned down the proposed PropSwap sports betting ticket exchange. The NGCB is unwilling to permit sports betting companies to exchange sports bets. In addition, the state already banned PropSwap in 2021 because it operated without a…
Legalized Minnesota Sports Betting Back on Track
The legislative session is ending, but legalized Minnesota sports betting seems to be back on track. The House Ways and Means Committee approved a bill to legalize sports betting in the state. However, it will ban gambling devices at horse racing tracks. Also, there…
Lawmakers Discuss the Future of Alabama Gambling Bill
Senator Garlan Gudger remained optimistic about the future of the Alabama gambling bill. He is a member of the Senate Conference Committee tackling the proposal. In addition, House Bill 151 proposed the expansion of gambling, the legalization of sports betting, and…
DOI Requests for Extension in Ongoing Florida Sports Betting Case
The US Department of the Interior requested an extension for the Florida sports betting case in the Supreme Court. The initial deadline for the DOI’s response to the writ of certiorari was April 12. However, due to the unavailability of its lawyers, it wants an…
Georgia Sports Betting Legislation Fails Due to Tax Dispute
The efforts of the Georgia sports betting legislation stopped as lawmakers failed to devise a compromise on allocating tax revenues. On Thursday, the last legislative session, the House could not vote for the legalization of sports wagering in the state. According to…
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Lawsuit Against Missouri Sports Betting Initiative Filed Too Late
The Winning for Missouri Education coalition led a signature campaign for the Missouri sports betting initiative. They believe the lawsuit against the initiative should be thrown out because it was filed too late. Campaign lawyers argue that the doctrine of laches—a…
Massachusetts Regulators to Hold Sports Betting Limitation Meeting in October
Many stakeholders are looking forward to the upcoming sports betting limitation meeting by the Massachusetts Gaming Commission. The regulators agreed to hold it until the first week of October. Also, the public meeting will attract representatives from licensed…
Senators Introduce Bipartisan Bill to Remove Federal Excise Tax on Gambling Handle
Senators Catherine Cortez Masto of Mississippi and Cindy Hyde-Smith of Nevada introduced the Withdrawing Arduous Gaming Excise Rates or WAGER Act. According to the top pay per head companies, their goal is to remove the federal excise tax on gambling handle. The tax…
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