Mississippi’s House Ways and Means Committee approved House Bill 1881, which proposes raising the casino tax rate from 12% to 16%, according to the report. Representative Trey Lamar said the change could bring the state an additional $50m a year. The proposal would still need further legislative action.
The proposed rate increase could raise tax costs for Mississippi casino operators.
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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.
Reportedly, US Representative Dina Titus is urging the House tax committee to take up her FAIR BET legislation. The proposal would raise the federal deduction for gambling losses from 90% to 100%, but neither it nor a similar Senate bill has reached a floor vote.
US Representative Dina Titus, a Nevada Democrat, is continuing to press the House Ways and Means Committee to advance her FAIR BET Act, which would restore the federal deduction for gambling losses to 100%, according to a report. Neither the FAIR BET Act nor a similar Senate bill has been put to a floor vote more than a year after their introduction.
New Jersey’s Senate Budget and Appropriations Committee advanced amended bill S4447, which would tax prediction-market operators at 9% of generated revenue. The Office of Legislative Services estimates the measure could raise $10.3 million to $15.3 million per fiscal year if signed into law.
A Missouri House committee is considering a bill that would raise casino admission fees and add taxes on gambling and sports wagering receipts. House Bill 3533 proposes a $5.50 admission fee every two hours, a 13% additional tax on gambling receipts, a 24% additional tax on sports wagering receipts and a 1.5% remote wagering access fee. Casino industry representatives opposed the proposal, citing its potential costs and operational effects.
Belo Horizonte’s municipal budget and finance committee approved a favourable report on a city-backed bill to reduce the ISSQN rate on online sports betting platforms from 5% to 2%. The proposal can now go to a first-round vote in the city council; approval requires 28 votes.