Connect with us
SIS

Gambling in the USA

Illinois to Increase Video Gambling Tax

Niji Ng

Published

on

Illinois to Increase Video Gambling Tax
Photo Source: nwitimes.com
Reading Time: 1 minute

 

Chicago’s governing body is planning to introduce major changes in its tax regime and video gambling is likely to witness a major tax hike. Up until now, the suburbs of Chicago had the lowest taxes in the region, but it could change soon.

The current charges include US$250 as application fee and a further US$50 as video gambling business licence fee. There is also a registration fee of US$150 per machine. As per the new tax regime, the registration fee would be US$1k per machine.

Authorities are revising an ordinance to get a vote on it before the annual May 1st application deadline, Village Administrator John Lobaito said.

 “We surveyed 25 communities and based on that survey it shows that our fees are a bit low,” he said in order to explain the decision.

Trustees agree that the machines should be taxed more heavily as other jurisdictions in the area charge them with fees around the US$1k mark. “They’re not doing too bad,” village Trustee Dawn Abernathy said as she researched how much money restaurants and machine operators make a year. “I agree, go to $1,000 per machine.”

 

Source: FocusGN

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

Continue Reading
Advertisement
Comments

Gambling in the USA

GAN plc: New Jersey’s online gambling revenue rises in November

Niji Ng

Published

on

By

GAN plc: New Jersey’s online gambling revenue rises in November
Reading Time: 1 minute

 

GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, updated the market following the publication on December 12, 2018 by the New Jerseys Division of Gaming Enforcement (DGE) of Internet gaming and Internet sports betting financial information for the calendar month of November 2018 in New Jersey.

According to the latest financial report of the New Jersey’s Division of Gaming Enforcement,  online gaming win for November in was $26.9 million in November, which represents a 30.7% hike year-on-year.

The total revenue from internet sports wagering was about $238.6 million for the month of November 2018, a rise of 36.8% from from the previous month.

Sports wagering gross revenue was $21.2 million, $11.7 million more than the previous month’s revenue.

GAN is a leading business-to-business (B2B) supplier of internet gambling software-as-a-service solutions (SaaS) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK„¢, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.

Continue Reading

Gambling in the USA

Holiday Responsible Gambling Campaign to be launched in Massachusetts

Niji Ng

Published

on

By

Holiday Responsible Gambling Campaign to be launched in Massachusetts
Photo Source: twitter.com/MassGamingComm / MGC Interim Chair Gayle Cameron was proud to take part in this year’s Massachusetts Partnership for Responsible Gambling
Reading Time: 1 minute

 

In a joint initiative, the Massachusetts Gaming Commission and the state lottery are going to launch the Holiday Responsible Gambling Campaign. The campaign is intended to create awareness about the dangers of buying lottery tickets for children and the pitfalls of encouraging any form of underage gambling.

There is a widespread practice among adults to gift under-aged persons a variety of shadow-gambling gifts such as scratch tickets, lottery tickets, believe it or not, or even casino tokens.

“Let’s try to refocus our consumers into giving toys that are age appropriate. As I mentioned during our presentation this is the type of really cute gift you want to be giving to someone who’s a child, you don’t want to be giving them a five or ten dollar scratch ticket or something related to a casino operation,” said Massachusetts State Lottery Director Michael Sweeney.

A toy drive will be part of the campaign to help provide appropriate gifts for kids across Massachusetts.

Continue Reading

Gambling in the USA

PointsBet obtains New Jersey approval

Niji Ng

Published

on

By

PointsBet obtains New Jersey approval
Photo Source: aifs.gov.au
Reading Time: 1 minute

 

New Jersey’s Division of Gaming Enforcement (DGE) has approved PointsBet, an Australian company that offers an innovative form of sports betting.

The Australian company will function in association with the Meadowlands Racetrack on a “soft play” basis.

PointsBet follows a different system of payouts calculation. Basically, payouts vary, not a constant amount. For example, if you bet $10 and correctly predict the over in an NBA game, you will receive $10 for every point over the total. Conversely, you will lose $10 for every point under the total in a losing bet.

“The more your bet wins by, the more you win,” the company’s website – which has already been updated to include Tuesday’s news – reads.

“PointsBet is New Jersey’s first specialist PointsBetting provider,” the website says, with a picture of local New York Jets legend Darrelle Revis pictured as brand’s ambassador.

Continue Reading
Advertisement
NSoft
Advertisement
BetConstruct

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.