by Christina Monroe | Nov 3, 2020 5:19 pm | Regulatory
Ohio can still make sports betting a legal industry in the state for 2020 as the session ends at the end of the year. House Bill 194 would make sports wagering legal and has seen the most progress within the House when compared to other bills on the subject. COLUMBUS,...
by Christina Monroe | Oct 22, 2020 11:37 am | Regulatory
The IRS has ruled that DFS contests are games of chance and not games of skills which means they are taxable as they would be considered a form of gambling. If the IRS does get the backing it needs to tax the market, they could see millions of dollars annually in...
by Christina Monroe | Aug 14, 2020 11:49 am | Regulatory
The IRS is looking to place an excise tax of 0.25% on the Daily Fantasy Sports (DFS) industry which could equate to millions of dollars paid to them each year in taxes. DFS has never been considered a form of gambling which is where an excise tax is enforced but the...
by Adia Randall | Jul 27, 2020 10:32 am | Regulatory
Co-chairs of the Congressional Gaming Caucus have sponsored a bipartisan bill to get rid of the excise tax on sports betting the U.S. The tax has been a burden on sports betting operators and gives unnecessary advantages to illegal sportsbooks. The CEO of the American...
