Lottery contributions to good causes could rise by nearly USD 98 million a year after the Treasury said it was re-examining the way it is taxed. The current system sees USD 0.23 in every lottery dollar go to the Treasury, paid as a set proportion of total sales. But the Treasury confirmed it was considering whether to shift to a gross profits tax system, a tax regime used in other parts of the leisure industry.

The casino industry lobby has filed legal challenges against two petitions that propose a tripling of the state’s gaming tax. The Nevada Resort Association claims that the petitions amount to taxation without representation because they would allow other states’ tax rates to influence Nevada’s. Under the petitions, the gaming tax rate in Nevada would be set at the average maximum rate applied in the 11 other states with casino gambling.

Las Vegas (AP) - The casino industry lobby has filed legal challenges against two petitions that propose a tripling of the state's gaming tax. The Nevada Resort Association claims that the petitions amount to taxation without representation because they would allow other states' tax rates to influence Nevada's. Under the petitions, the gaming tax rate in Nevada would be set at the average maximum rate applied in the 11 other states with casino gambling.

Here's a year-end heart-warmer for gamblers: You really do need to pay taxes on your winnings, whether you won USD 10 or USD 1,000, and a pair of experts have come out with a book to explain it all. And no, their initials are not IRS. Las Vegas tax adviser Marissa Chien's book, "Tax Help for Gamblers," co-written by gambling book author Jean Scott, just might be one of the biggest revelations about gambling in years.

Carson City, Nevada (AP) - A major Nevada casino group filed a court challenge Monday against a ballot initiative by teachers calling for higher taxes on the biggest resorts to get more money for the state's K-12 school system. The Nevada Resort Association, in a complaint filed in Carson City District Court, argued that the Nevada State Education Association description of its initiative is "misleading, false, and fails to inform voters of all its material consequences."

The threatened 40.85 per cent new gambling tax that was recently proposed for the Netherlands has been commuted to 29 per cent, but the impact is judged to be so severe on the Dutch machine market that the issue is now almost certainly set for the European Court of Justice. Minister of Finance Wouter Bos proposed the new level of tax on all forms of gambling in the country and for several months the industry has been at a standstill as a result.

Seniat, the Venezuelan tax administration agency, has planned the verification of other bingo halls and casinos in the region of Guayana for the following days, where they will proceed to the confiscation of equipments in case the contributor does not fit in with the regulation of the public administration. Within the transformation of the plans “Evasion and Smuggling Zero”,...

In a week that saw land-based bingo group Top Ten Bingo admit to slumping UK profits blamed on the new smoking ban and new UK gambling regulations, Riva Gaming has stated in the Financial Times that up to one hundred land-based bingo clubs may close in the country due to taxation pressures. Simon Hannah, CEO at Riva Gaming told the Financial Times that the so-called “double taxation” being imposed...

Bulgarian Ministry of Finance submitted proposals that would regulate and tax online betting following a recent review. According to one of its major newspapers, Trud, the nation has been considering a more pragmatic approach to online gambling. Trud newspaper said a more pragmatic approach has been considered for over a year as hundreds of millions of dollars are thought to leak through online gambling sites untaxed.

In US, a congressman has testified that regulating and taxing online gambling could generate up to USD 42 billion for Federal coffers over the next decade. The data is based on a detailed tax revenue analysis conducted by an independent accounting firm. The data, based on a detailed tax revenue analysis conducted by an independent accounting firm, was provided in testimony submitted to the House Committee on the Judiciary recently by Representative Jim McDermott.

November 22 could be a critical day for the Dutch gaming industry. Currently the entire industry has ground to a halt as Wouter Bos, the country’s Minister of Finance, is proposing to introduce a new tax of 40.85 per cent of gaming revenues on both the street market and the government-owned Holland Casinos. He has put the project into his “miljoenenota” or “millions note” as the budget is called in the Netherlands...

Taxes of Spanish casinos in 2006 paid 136 million euros in taxes. In the case of Canarias, Andalucía, Galicia or the Vasque Country, the increment has been sustantial regarding the same period last year. Catalonia is the most affected. It received 33.8 million euros, an increase of 13.71% compared to the previous period. Asturias and La Rioja, with the incorporation of new facilities, have also experimented a rise in taxes, with slight decreases in the rest of the Autonomous Communities.