Iowa’s Senate passed amended Senate File 2470, which would regulate prediction markets in the state, according to the report. The bill received 45 votes in favour and one against and would require operators to obtain a Department of Revenue licence and pay a proposed 20% tax; it now goes to the House for consideration.
Prediction-market operators could face state licensing and tax requirements if the bill becomes law.
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STS-FIT president Emilio Zamparelli said a proposed tax increase on AWP and VLT machines in Italy’s 2027 budget may not raise more state revenue. He argued that higher PREU could reduce retailers’ compensation and suggested reviewing machine payout levels as an alternative.
A possible new tax rise on AWP and VLT gaming machines, linked to the 2027 budget, raises doubts about whether it would really increase state revenue. Emilio Zamparelli, president of STS-FIT, spoke on the issue. He did so at the SiGMA Central Europe Summit in Rome on 3 November.
EGP-FIPE warned that a further tax increase on gaming machines could make at least 20% of specialist gaming halls uneconomic. The association said the government measures under consideration for the 2027 budget could include a one-percentage-point rise in the tax on slots and VLTs, alongside a three-year extension of several concessions; these remain proposals described in press reports.
EGP-FIPE, which represents public establishments offering licensed games, said a higher tax on gaming machines would make managing at least 20% of specialist halls uneconomic, affecting jobs and the licensed physical network. The association said its estimate followed press previews of measures the government is studying within the 2027 budget manoeuvre.
Reportedly, Ireland’s proposed negotiating document for the EU’s 2028–2034 budget excludes a proposed EU-wide online gambling tax. The omission concerns the draft negotiating document.
The European Parliament estimates a proposed online gambling tax could raise €3.9bn a year, according to MEP Danuše Nerudová. The report says the European Commission’s estimate is €1.9bn and reports opposition from several member states; Italy’s ADM online and betting director said agreement on an EU tax or harmonisation was currently impossible.
Betfred founder Fred Done said a proposed increase in UK Machine Gaming Duty from 20% to 40% could force the company to close 495 shops within a year. He said this could put 2,575 jobs at risk and cost the Exchequer about £67 million in tax revenue; the proposal was reportedly under consideration ahead of the Autumn Budget.