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Government begins decree process for distributing taxes from charitable sports betting

Regulation

The Spanish government has approved the start of proceedings for a royal decree on distributing taxes collected from charitable mutual sports betting, according to the report. The supplied article text does not provide further details on the proposal.

The proposed decree could determine how tax revenue from charitable sports betting is allocated.

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Deals & M&A

New Jersey online casinos shift to retention as 19.75% tax rate begins

New Jersey's online casino market is moving from customer acquisition towards player retention, product upgrades and compliance as a 19.75% tax rate on online casino and sports betting revenue takes effect, according to an industry analysis. Operators are using AI to personalise interfaces and improve payments and support, while Atlantic City casinos link online play to in-person visits.

New Jersey's online casino market is shifting from customer acquisition towards player retention, product upgrades and regulatory adaptation as a 19.75% tax rate on online casino and sports betting revenue takes effect, according to an industry analysis reported by SCCG. The market has been legal since 2013, and that maturity is changing how companies compete, the analysis said.

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