Colorado voters have approved Proposition JJ, a landmark measure to retain all sports betting tax revenues for critical water infrastructure projects. With over 75% support, Proposition JJ removes existing revenue caps, allowing for a substantial financial boost to the Colorado Water Plan. This decision marks a significant step forward in securing a sustainable water future […]
According to a recent announcement by the Indian government, bonuses, referrals, and incentives provided by online gaming companies will now be subjected to taxation. The government considers these elements to be a part of a player’s overall winnings, as reported by Reuters. The Central Board of Direct Taxes has issued new guidelines stating that online […]
The proposal to raise the point of consumption tax is anticipated to enhance Victoria’s racing sector. In 2019, Victoria introduced the tax at a rate of 8%, which was later increased to 10% in 2021. The local government now aims to raise the tax further to assist the state’s horse racing industry. According to the […]