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Nevada Looking For Break on federal sports tax
Sunday March 1,2015 : NEVADA SENATOR SEEKS A BREAK ON FEDERAL SPORTS BETTING TAX
Second time lucky for Sen. Titus?
Nevada Senator Dina Titus is taking a second run at one of her pet projects, the repeal of a federal tax on Nevada sportsbook turnover that sees between $9 and $11 million leave the state for federal coffers every year.
On Friday Titus reintroduced her gambling reform bill, claiming that the levy places an undue burden on the Nevada sportsbook industry.
In a letter to the House Committee on Ways and Means, Titus declared: “Because Nevada is the single state with fully inclusive wagering on sports, companies based in our state are the only entities paying this specific tax.
“While this is a minuscule percentage of the federal budget, retaining these funds in Nevada would allow for additional job creation and innovation in the gaming industry.”
Titus added that the IRS was unable to assure her that the money generated by the levy was being spent on combatting illegal gaming, the purpose for which it was originally implemented.
The Las Vegas Review Journal reports that last year Titus made a similar attempt to kill the federal handle tax of 0.0025 percent, but it died in committee.
The Journal reports that sports wagering is growing in Nevada, and last year punters in the Silver State bet $3.9 billion, an increase of 7.7 percent y-o-y.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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