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Now Beshear wants to tax Kentucky residents who gamble online

2/28/10 - The US state that achieved international notoriety by attempting to seize international online gambling domains on protectionist and moral grounds - Kentucky - has just passed a law designed to tax....online gamblers!
 
The new law, which enjoyed an easy passage through the Kentucky House on Friday, capitalises on federal legislative carve-outs that permit online wagering....as long as it is on horse racing, fantasy sports and state lotteries. The exception has seen America embarrassed internationally in the World Trade Organisation for its disciminatory treatment of other forms of online gambling.
 
House Bill 368 now goes to the state Senate and was sponsored by a Democrat, Larry Clark, who is the House's temporary Speaker. The bill proposes a tax of half a percentage point on ADW (advance deposit wagers) made by any resident in Kentucky using Internet or telephone services, and was approved in the House by a vote of 85 to 8.
 
The current proposal is getting more support than a similar effort last year by Clark which proposed a 3.5 percent tax and was thrown out by the House Appropriations and Revenue Committee.
 
If passed, it could ultimately impact online punters using sites such as Churchill Downs' Twin Spires.com, although the proposal is that the tax would be extracted from account wagering companies as is done in Virginia and Illinois.
 
It has been estimated that the new tax could raise some $400 000. However, the Legislative Research Commission is less sure, pointing out that the dearth of information on how much money Kentuckians bet through the Internet and telephone makes an accurate calculation impossible.
 
The income from the tax will be distributed equally between the Kentucky Horse Racing Commission, whichever Kentucky track is running at the time and to that track's purses.

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Gambling News :

Pokerstars Bahamas Main and High Roller Results - The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.

Rodrigo Duterte has identified illegal gambling as his third priority - Illegal online gambling operators can anticipate tougher times in the Philippines following a directive from President Rodrigo Duterte that stamping out illegal gambling is his third most important goal after illegal drugs and government corruption.

High Hopes For Pennsylvania Online Gambling - Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.

WILLIAM HILL ACCUSED OF QUESTIONABLE MARKETING TACTICS - British Labour member of parliament for Swansea East, Carolyn Harris, has described as "appalling" player-poaching techniques allegedly encouraged by the online and land bookmaker William Hill plc.

GoWild has announced the launch of its own new gaming platform - The European online gambling group GoWild has announced the launch of its own new gaming platform, providing entertainment in addition to its Microgaming games, which will now be delivered via the Quickfire platform.

UK Government Introduces Mandatory horseracing levy - The levy kicks in after the first GBP 500,000 in gross revenue has been earned by online and retail bookmaking firms and other betting organizations.

Chinese Arrested in Philippines Invalid - Representing the thirty-nine plaintiffs, defense lawyer Irene Bianca B. Distura claimed that the warrant that led to her clients’ apprehension is “invalid.”

NJ Warns No Federal Online Gambling Ban - New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.

Casino du Liban To Launch new online gambling platform - The venture will be in partnership with an unnamed international company, and a tender has already been launched with a deadline of January 19 to submit the proposals.

Winstar slot Pays Big Jackpot - One very fortunate online punter in Bermuda has scored a major win on the Winstar slot at the PokerStars online casino, collecting a $825,037 jackpot.

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