Online casino tax revenue steady in Connecticut
Summary: Connecticut online casino tax revenue stayed relatively steady in February, while sports betting tax collection took a sharp drop. On Friday, the Connecticut Gaming Division released single-month tax figures for February, the state’s fourth full month of online gambling operations. Why it matters: Online casino tax revenue came in at $3.08 million, marking a […]
Colorado House Speaker pursuing OSB tax rule changes
Summary: Colorado House Speaker Rep. Alec Garnett is pursuing legislation that would change state laws that allow online sportsbooks to deduct promos from taxable revenue. Garnett told Westword.com that such a change would double Colorado’s annual state sports betting tax collection. Why it matters: With a 10% tax rate and allowance for promo deduction in […]
Portnoy lands on regulatory radar as Penn mulls upping ownership
Summary: As Penn National considers increasing its ownership stake in its flagship sports betting brand, Barstool Sports, gambling regulators in Nevada and Indiana are looking into the allegations of sexual misconduct against Barstool founder Dave Portnoy. Why it matters: The allegations stem from two separate Business Insider stories, both released just before Penn National earnings […]
Bloomberg on the rise of mobile sports betting apps on college campuses
March Madness: Sports Betting Apps Flood College Campuses5:16Piper Hutchinson isn’t opposed to gambling. But the 25-year-old political communications major says she was “really concerned” with the email she received in January from the athletic department at Louisiana State University.Mar. 17, 2022Uploaded by Bloomberg News
US crypto policy overhaul welcomed by online gambling interests
Summary: President Joe Biden’s executive order to create a national policy for cryptocurrency is seen as positive by the American Gaming Association. Biden issued the order last week with the aim of evaluating the pros and cons of the national use of cryptocurrency. Why it matters: Online gambling interests would welcome the legalization of cryptocurrency […]