Articles About gambling taxes

When Do You Need To Start Paying Gambling Taxes In The US?

Jonathan August 25, 2023 22:31:24

When we hear about those lucky winners who manage to land eye-watering amounts of cash from the Powerball or a progressive jackpot at the US casino, we probably imagine they take the total amount home. But in reality, there are inescapable taxes to be paid. If you win in the casino, they hold back 25% of the payout for the tax man. However, in the UK, because gambling is seen as a pastime, most casino winnings are tax free.

New 35% Greek Gambling Tax Approved

Akos May 26, 2016 10:16:50

The fixed 35% Greek gambling tax rate is supposed to raise approximately EUR 54 million from online gambling. The current, scalable 30-35% Greek gambling tax rate will be replaced with a fixed 35% tax rate from 2017. According to US gambling news, lawmakers are hoping to raise EUR 54 million just from the online gambling […]

Czech Republic to Raise Gambling Taxes

Akos November 2, 2015 16:01:25

The lower house of the Czech Parliament approved the bill that would considerably raise Czech gambling taxes. Taxation of gambling and winnings is set to increase in the Czech Republic. In the upcoming year, the rates might raise from 20% to 23 and 28%, depending on game-type. The daily fee for gambling machines will also […]

Poker Revenue Decreases in New Jersey

Akos October 16, 2015 20:12:02

Read September’s official results for online casino and poker revenue in New Jersey, released by the Division of Gaming Enforcement. It seems that only poker’s popularity is declining since the revenue from internet gambling in New Jersey is steadily rising. The “Total Gaming Win from Current Operators […] for the month of September was $230.1 […]

Election Time: What Changes Could There be for Gambling World?

Toni April 9, 2014 18:53:58

With elections constantly looming around Europe, naturally the gaming industry is worried what that may spell out for them. Gambling industry in Europe is a highly lucrative business. It rakes in an estimated EUR 80 billion ($110 billion) on average a year. Is also has a solid annual growth rate of 3%, which translates into […]

Articles About gambling taxes

When Do You Need To Start Paying Gambling Taxes In The US?

New 35% Greek Gambling Tax Approved

Czech Republic to Raise Gambling Taxes

Poker Revenue Decreases in New Jersey

Election Time: What Changes Could There be for Gambling World?

South Africa Seeks to Impose Gambling Taxes

Ukrainian Gambling Laws at Mercy of Strong Men

Police Raid Illegal Slot Casinos under New Colombian Gambling Laws

Betfair Online Sportsbook Moving UK Operations to Ireland

Tabcorp Wants More Taxes on Online Horse Betting in Australia

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