The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.

Legalized online wagering is already hauling in substantial state revenue, but additional taxation will need a uniform, multistate approach that might also take in “gamified” financial trading.

The Philippines’ chief economist, Arsenio Balisacan, has described online gambling as a social issue, saying that it must be ...

The tax increase from 15% for online casinos and 13% for sports betting to a uniform 19.75% comes as the state's online gaming and sports betting industries generated $2.9 billion in revenue in 2024.

As lawmakers move to rein in online gambling, one House bill takes it a step further by proposing to slap a 10% tax on ...

Similarly, New York lawmakers have proposed a 31.5% tax rate for online casino gambling, though the measure has yet to pass. Industry Response and Market Dynamics.

The state allows operators to deduct up to a 54% tax on online casino revenue, the highest tax rates in the country. Operators also pay a $10 million license fee.

AMID mounting calls from lawmakers and a prelate to limit access to online gambling, President Ferdinand Marcos is open to ...