The state allows operators to deduct up to a 54% tax on online casino revenue, the highest tax rates in the country. Operators also pay a $10 million license fee.

OAKLAND — Major gambling players intend to ante up $100 million for an online sports betting initiative that would fund homelessness and mental health efforts, adding a new wrinkle to the 2022 ...

Bettors previously deducted losses against winnings, only paying tax on net profits. Now, even legitimate business expenses ...

The emergence of online gambling in Pennsylvania has sparked significant interest among players and regulators alike. As the industry continues to thrive, understanding the tax implications ...

Gambling winnings are fully taxable. The payer will deduct 24% from your winnings on the spot if you win more than a certain amount. You'll report your winnings and your tax payments to the IRS ...

The growing popularity of games like Super 6 Baccarat is part of why Ohio lawmakers are reevaluating the state’s online gambling framework, aiming to balance competition, regulation, and taxation. The ...

Ohio lawmakers calling for the legalization of internet casino gambling could soon have a new legislative attempt to consider. Rep. Brian Stewart, chairman of the House Finance Committee, will ...

The online gambling company FanDuel in November contributed another $4.38 million to an effort to pass a constitutional amendment that would broadly allow sports betting in Florida.