SectorWire
SearchGet the daily briefing
Menu

Rahm Emanuel proposes 10% US tax on online gambling wagers

Regulation

Former Chicago mayor Rahm Emanuel proposed a 10% federal transaction fee on wagers through licensed online sportsbooks and casino apps, as well as contracts bought on prediction platforms. He estimated the measure could raise $30 billion to $50 billion for research, but it would require federal legislation and key details, including the tax base, remain unresolved.

If enacted, the proposal would add a federal charge to licensed online gambling and prediction-market transactions.

Request a correction

Keep reading

Regulation

Argentine deputy proposes redirecting online gambling tax funds to IACOP

Argentine deputy Victoria Tolosa Paz proposed redirecting AR$5,330m from online gambling tax revenue to the IACOP programme, with 25% reserved for children and adolescents. She said the tax raised AR$106,000m from January to August 2026; the proposal would reallocate funds without creating a new tax or changing revenue-sharing arrangements.

Argentine deputy Victoria Tolosa Paz proposed directing online gambling tax revenue to the Plan Integral para el Abordaje de los Consumos Problemáticos (IACOP) to fund prevention and treatment actions. The proposal provides for a quarter of those resources to go specifically to children and adolescents.

Continue reading