German states collect over €2.5bn in gambling taxes

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WJHL

Bristol casino August revenues best since April

BRISTOL, Va. (WJHL) - The Bristol Hard Rock Casino posted its best revenue since April and second best of the year in August, according to a Friday Virginia Lottery news release. The casino had an "adjusted gross revenue" (AGR) of $13889723 in August. That represents the amount the casino made after paying out winnings on its 920 slot machines at…

Finance ・ 16 September 2023

CNA

India's gaming, casino firms slide on tax blow

BENGALURU:Shares of Indian casino operator Delta Corp lost over a fifth of their value on Wednesday, while online gaming firms also dropped after the country's tax authorities imposed a 28 per cent tax on the money such companies collect from customers. These companies will now have to pay a 28 per cent tax on the entire amount collected from…

Finance ・ 12 July 2023

Gaming Intelligence

Nevada gambling revenue climbs to $1.31bn in December

Nevada's gambling market ended 2022 on a high note as total gaming revenue increased by 14 per cent to $1.31bn. December marked the 22nd consecutive month in which the state's casinos reported at least $1bn in gaming revenue. Slot machines revenue grew by 2 per cent year-on-year to $803.5m in December, with Multi Denomination slots contributing…

Finance ・ 01 February 2023

Gaming Intelligence

Retail recovery drives gaming revenue growth in Lithuania

A record performance from Lithuania's online gambling sector in 2022, combined with a recovery from the retail gambling sector, helped overall revenue grow by 44 per cent to €195.8m. Retail gambling revenue (excluding lottery) more than doubled in 2022 to €74.1m (2021: €34.0m), with betting, table games and slot machines all showing year-on-year…

Finance ・ 31 January 2023

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

Gaming Intelligence

Nevada gambling revenue tops $13.5bn despite November decline

Nevada's gambling revenue decreased by 8 per cent to $1.22bn in November, taking total revenue for the first 11 months of the year above $13.5bn, higher than 2021's annual total. Most games recorded declines in November, with the exception of slot machines, which were up by 1 per cent to $871.1m and roulette revenue, which rose 10 per cent to…

Finance ・ 04 January 2023

Gaming Intelligence

Spanish Q3 iGaming revenue tops €240m on betting and slots growth

Spain's quarterly online gambling revenue rose by 31 per cent to €240.8m during the third quarter of 2022, helped by strong growth from online slots and live dealer roulette. Online casino gross gaming revenue (GGR) was up by 28 per cent year-on-year to a new quarterly high of €128m, equivalent to 53 per cent of the total market, with online slot…

Industry ・ 04 January 2023

Mass Live

MGM Springfield gambling revenue hits $23 million

SPRINGFIELD - MGM Springfield pulled in $22.9 million in total gambling revenue from its slots, table games in October, according to figures released Tuesday by the Massachusetts Gaming Commission. That's the highest monthly total since $24.2 million in March 2022. Pre-pandemic in October 2019, the total gambling revenue was $21 million. Gaming…

Finance ・ 05 December 2022

Gaming Intelligence

South Dakota gambling market slides 5% in September

South Dakota's gambling market fell by 5 per cent in September to $146.9m, with lower wagering on slot machines offsetting growth in table games and retail sports betting. Gaming handle, excluding sports betting, amounted to $146.2m in September, a year-on-year fall of 5.6 per cent, while gross win declined by 2.5 per cent to $14.1m.South Dakota…

Industry ・ 31 October 2022

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Gambling News

Indiana Government Tops $1B in FY2022 Gambling Revenue

The Indiana Gaming Commission (IGC) published its FY 2022 annual report to reveal that the gambling industry has rebounded from the negative pandemic impact in FY 2021. For the twelve months ended June 30, 2022, state-wide casino win was $2.5 billion, up 19% from the $2.1 billion in the previous comparable period. Growth was fueled primarily by the…

Finance ・ 06 October 2022

Yogonet

Indiana: Tax revenue from gambling breaks the $1B mark in budget year 2022

Tax revenue generated for gambling in Indiana exceeded $1 billion during the 2022 state budget year, marking the first time in a decade, according to data released this week. In all forms of gambling combined, the state government collected $1.04 billion between July 1, 2021, and June 30, 2022, which marks an 8% increase from $958.3 million during…

Finance ・ 06 October 2022

Mint

GST on betting and gambling: Tax structure and liabilities in case of default

Gambling and betting, whether online or offline, are supplies of services as per the goods and services tax (GST) law. Currently, an 18 per cent GST is levied on online Games of skill, while a 28 per cent GST is levied on online games of chance According to Archit Gupta, Founder & CEO, Clear, GST is computed on gross gaming value or stake instead…

Finance ・ 02 October 2022

Trib Star

Vigo casino could be ready by December 2023

Bulldozers began moving dirt shortly after a June 21 groundbreaking to start construction of the Queen of Terre Haute Resort Casino on the city's east side. Churchill Downs Inc.'s $260 million project, up from an initial $240 million, is to include a casino with 1000 slot machines and 50 table games, as well as a 10-story hotel featuring 125 luxury…

Gaming Authorities ・ 22 October 2022

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Gambling News

Detroit Casino Results Decline in August, Remain Fairly Resilient

The three Detroit casinos reported monthly aggregate revenue of $106.14 million for the month of August 2022. The results were driven by slots and table games in the casinos with the total revenue from these two segments reaching $104.48 million while sports betting bringing in another $1.66 million in revenue for the surveyed period. Once again,…

Law ・ 14 September 2022

Yogonet

Massachusetts casinos report $82M in GGR for January amid nationwide record

The Massachusetts Gaming Commission reported Tuesday the financial results for the month of January 2022 at MGM Springfield, Plainridge Park Casino and Encore Boston Harbor, which amounted to a total of approximately $82 million in gross gaming revenue. Encore Boston Harbor saw the most gross gaming revenue with a total of $53.9 million, derived…

Gaming Authorities ・ 15 August 2022

US Bets

Illinois Casino Revenue Climbs To New 2022 High In July

A surge in attendance contributed to a sharp rise in revenue from electronic gaming devices (EGDs) as the Illinois Gaming Board reported casino revenue totaling $122.9 million in July. More than 840000 admissions were counted across the state's 11 venues, the most for any month in 2022 and 12.8% higher compared to June. The revenue total also…

Finance ・ 13 September 2022

Narooma News

Qld to widen gambling tax, impose new levy

A new gambling tax will ensure multinational betting firms support Queensland's racing industry. The Queensland government will lift taxes on bets to 20 per cent and funnel most of that income to the state's racing regulator in the upcoming budget. Treasurer Cameron Dick says the point of consumption tax on wagering companies will rise from 15 per…

Finance ・ 06 June 2022

World Casino News

Macau casinos pay MOP$33.91 billion in taxes for 2021

The Financial Services Bureau in Macau has announced the tax payments from the gaming industry for 2021. Last year, a total of MOP$33.91 billion ($4.22 billion) was paid by operators. This is an increase of 13.8% when compared to the MOP$29.81 billion ($3.73 billion) paid in 2020. While the amount is an increase from the previous year, it is a…

Finance ・ 22 February 2022

Du Quoin Call

Du Quoin dreams of a jackpot

The Du Quoin city council took a shot this week, to guarantee if there are more municipal taxes to be had out of the gambling machines in town, the city would be in a position to collect them. The council passed a "push" tax, so called because every time a gambler at a Du Quoin slot machine sets a spin in motion (by pushing a button), the city…

Winnings ・ 15 August 2021

Hindustan Times

How can gambling taxation help during COVID in India?

Legislation concerning the indirect Goods and Services Tax (GST) expressly sets a separate category of casinos, racecourses and other gambling channels, requiring them to charge a rate of 28 per cent on all their entry fees, products and services. By HT Brand Studio India's vast betting market remains unregulated and largely untaxed. The Union…

Covid ・ 01 June 2021

Gambling Industry News

West Virginia has Collected $53.3 Million in Gambling Taxes so far in FY23

According to revenue data released by the state revenue department, West Virginia has collected $53.3 million in taxes from online gambling operators, sports betting and casinos so far in the current fiscal year. The report shows that sports betting in West Virginia has generated taxes of $4.9 million for the fiscal year to date from over $484…

Finance ・ 26 May 2023