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.

Derek Stevens, who owns three casinos in Downtown Las Vegas, said the gambling tax provisions would dampen casino employment ...

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.

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.

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