Legal online gambling contributes €500 mln in taxes

Related

NL Times

Court orders online casino to repay gambler €200,000 in losses over licensing issue

The Overijssel court ordered the online casino Bwin to reimburse a Dutch gambler all the money he lost there over a two-year period. The company did not have a license in the Netherlands, and the court ruled that this made the contract concluded with the gambler invalid. The man had lost over 187000 euros. Bwin also has to cover his legal costs and…

Law ・ 12 days

greekreporter.com

Greeks Spent Billions Gambling in Last Eight Months

The Greek gaming industry saw a turnover surge of 28% between January and August, which puts the country on track for a new record by the end of the year. Greeks have parted with a total of 22.7 billion euros in those eight months, which have gone towards online gambling, chance games organized by the Greek Organization of Football Prognostics…

Industry ・ 23 October 2023

NL Times

Legalizing online gambling doubled Dutch State's gambling income to nearly €1 billion

The legalization of online gambling was very profitable for the treasury last year. Partly thanks to this measure, the income from gambling taxes more than doubled to almost 1 billion euros, Statistics Netherlands (CBS) wrote in a new report on government finances. Since the autumn of 2021, Netherlands residents have been allowed to gamble on…

Law ・ 28 August 2023

commonwealthmagazine.org

Gaming Commission asks feds to shut down illegal gambling

GAMBLERS IN MASSACHUSETTS have a full menu of wagering options to choose from these days: physical casinos, sports betting in person or online, and the state lottery, which some officials are itching to bring online as well. One thing not on the menu, Bay State regulators want to make clear, is illegal gambling. Members of the Massachusetts Gaming…

Law ・ 31 May 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.

Sigma

U.S. illegal gambling robbing states of $13.3b tax annually: AGA

Americans are gambling about $511 billion a year on illegal websites, robbing state governments of about $13.3 billion in tax a year, according to a report from the American Gaming Association (AGA). It said that the illegal industry also costs the legal gaming sector $44.2 billion in annual revenue, which is almost half of the total revenue…

Law ・ 03 December 2022

iGaming Brazil

New AGA report shows Americans gamble more than half a trillion dollars illegally each year

Americans spend an estimated $511 billion a year on illegal and unregulated sports betting, iGaming sites and so-called "gaming of skill", according to a new report from the American Gaming Association (AGA). Illegal betting'stole' $13.3 billion in tax revenue from state governments in 2022, nearly $2.5 billion more than legal operators in 2021…

Law ・ 05 December 2022

Yogonet

Americans gamble an estimated $511B illegally each year, according to new AGA report

Americans gamble more than half a trillion dollars illegally each year, according to a new American Gaming Association (AGA) report. Bettors gamble an estimated $511 billion yearly with illegal and unregulated sportsbooks, iGaming websites and so-called "skill games," with predatory operators costing state governments about $13.3 billion in lost…

Law ・ 01 December 2022

World Casino News

Illegal gambling in U.S. amounts to $511 billion according to AGA

According to the American Gaming Association's latest report, an estimated $511 billion is the annual turnover of illegal and unregulated gambling in America. These illegal sportsbooks, iGaming websites, and unregulated casinos deprive state governments of $13.3 billion in tax revenue each year. Illegal revenue estimates: This presumed tax revenue…

Law ・ 05 December 2022

RELATED LOCATION

Country

Greece

Gambling News

AGA Worried with the Size of Illegal Betting and Gaming Market

A survey of 5284 US adults conducted on behalf of the American Gaming Association (AGA) revealed that 49% of the bettors who wagered in the past year have placed a bet with an illegal operator and 48% of online slots or table game players have played with an illegal online casino. Stunned at the size of the illegal gaming market in the US, the AGA…

Industry ・ 30 November 2022

Street Insider

New AGA Report Shows Americans Gamble More Than Half a Trillion Dollars Illegally Each Year

Predatory Operators Cost State Governments $13.3B in Lost Taxes WASHINGTON, Nov. 30, 2022 /PRNewswire/ -- Americans gamble an estimated $511 billion each year with illegal and unregulated sportsbooks, iGaming websites and so-called "skill games," according to a new report from the American Gaming Association.This illegal wagering robs state…

Law ・ 05 December 2022

The Jerusalem Post

Which country has the highest gambling losses?

Gambling has been around for centuries and has grown into an industry worth billions of dollars each year. It is an industry that is constantly expanding, with new casinos opening around the globe. Gambling has become a huge part of society, and it is an industry that rarely encounters failure. The most common method of gambling is online, and…

Travel ・ 08 November 2022

Emerging Europe

The impact of the war in Ukraine on Eastern Europe's most promising gambling markets

Eastern Europe has become a prominent market with solid growth potential for the entertainment industry, and companies are seeking opportunities to build strategic advantage in the region. But what has been the impact of the war in Ukraine? Over the past decade, the European gambling market has shown significant growth. Thanks to regulatory bodies…

Industry ・ 26 October 2022

RELATED CATEGORIES

Category

Law

Category

Finance

Category

Sports

Top US Casinos

At G2E, AGA President Miller Focused on Illegal Offshore Gambling

LAS VEGAS - Each year at G2E, the annual conference and trade show that brings together the gaming industry, a handful of themes emerge. Last year, the chatter was about the exploding online sports gambling industry and the attendant concerns regarding the blitz of television advertising and the promotional free spending of online sportsbook…

Poker ・ 12 October 2022

Gambling News

Imperva Says DDoS Attacks on Gambling Businesses Up

The upcoming FIFA Qatar World Cup 2022 should be the cause of much celebration. Located in the sweltering but swanky emirate, the world's soccer pinnacle is bound to have billions of eyeballs glued to it when the games start in earnest this fall. If you are a sportsbook operator, this sounds like a lot of betting handle (and revenue) coming your…

Industry ・ 18 August 2022

Inquirer

PSA: Gambling industry among PH top employers

As they say, the house always wins. The gambling industry was still the top-paying employer in the country's arts, entertainment and recreation (AER) sector even as the economy struggled to stay afloat at the height of the pandemic in 2020, government figures showed. Workers in the gambling industry, including casinos, sports betting establishments…

Industry ・ 31 December 2022

SW Londoner

The ten countries with the biggest online gambling revenues

Gambling has existed for millennia, but only recently it has become one of the most prominent sources of entertainment. When it comes to technology, it only seems sensible that gambling would be a front-runner in the industry's growth and advancement. Because of this, gambling is now available to anyone from all across the globe at any given moment…

Finance ・ 01 April 2022

The Spread

2021 Gambling Revenue Expected to Shatter Previous Record

2021 Revenue Expected to Break Record Chalk it up to increased awareness due to mainstream advertising, more accommodating laws, or simply accessibility in the online space, but one thing is undeniable: gambling revenues have reached new heights. Industry experts are predicting more than $44 billion in revenue will be generated in 2021, and it…

Finance ・ 22 December 2021

Gambling

AGA Stance On Online Casinos And Online Poker

In its recent survey estimating the size of the illegal online gambling market, the American Gaming Association (AGA) placed the amount wagered through illegal channels at more than $500 billion. According to the AGA, that half-trillion dollars is taking a $44 billion bite out of the licensed gambling industry. Per the AGA, illegal gambling is…

Law ・ 15 December 2022

Nikkei Asia

How China's e-commerce giants enable illegal online gambling -Nikkei Asia

A dark corner of the cyber world benefited from increasingly convenient internet-based payment and logistics services as e-commerce soars amid the pandemic: illegal online gambling. And the shadowy, often offshore operators of illicit gambling sites found witting or unwitting enablers in some of China's leading tech giants according to police, who…

Law ・ 19 January 2021

Card Player

Americans Bet Billions Illegally Each Year, Casino Lobby Says

Americans gamble an estimated $511 billion each year with illegal and unregulated sportsbooks, online casino websites and so-called "skill games," according to a new report from the American Gaming Association. States are missing out on $13.3 billion in tax revenue annually, nearly $2.5 billion more than legal operators generated in 2021 ($11.7…

Law ・ 01 December 2022