Tag: responsible gaming

July 31, 2024

Bill to repeal US gambling excise tax filed

On Wednesday (31 July) a pair of US senators filed a bill calling for the repeal of the US federal excise tax on gambling. The 0.25% excise tax on the amount of any legal wager is levied above and beyond state taxes.
Senators Catherine Cortez Masto (Nevada) and Cindy Hyde-Smith (Mississippi) filed the bill. Called the “Withdrawing Arduous Gaming Excise Rates Act,” the acronym is “the WAGER Act.” The American Gaming Association (AGA), a trade group, almost immediately came out in favour of the bill. The legislation, the AGA said, would save operators tens of millions of dollars per year in taxes.

“The federal sports betting excise tax was enacted more than 70 years ago as a tool to prosecute illegal sports betting operators,” the AGA wrote in a statement. “Today, with sports betting legal in 38 states and Washington DC, this antiquated tax puts legal operators at a competitive disadvantage and rewards illegal offshore bookmakers that pay no federal or state taxes, offer no responsible..

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July 24, 2024

Study: Lower-income gamblers take more risks online

A study of more than 700,000 North American online gamblers released on Tuesday (23 July) reveals that 96% of respondents lose money and that lower-income gamblers are more “irresponsible” with their gambling spending than higher-income gamblers.
Researchers at UC-San Diego’s Rand School of Management took a comprehensive look into gambling habits and how legal online betting affects jurisdictions and individuals. States with legal online gambling get increased revenue and more money to funnel to problem gambling initiatives, per the study. And a legal market helps to limit illegal wagering.

But for consumers, gambling is a money-losing proposition with potentially life-changing consequences. And online casino, researchers wrote, caused more “irresponsible” behaviour than online sports betting.

“On the downside, increased accessibility and participation can lead to higher rates of problematic gambling behaviour,” the authors wrote.

Tracking online gambling spending habits
In part..

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April 4, 2024

Ontario market growing two years on, shifting focus to consumer protections

In the two years since single-event wagering was legalised in Ontario, Canada, one thing has become clear: consumers are sick of gambling ads. The most recent proof of that is a Maru Public Opinion poll, taken 7-8 February, of 1,534 Canadians who are also Maru Public Opinion panelists.

Of those surveyed, 59 percent said they favour a total ban on wagering advertising. Most also believe that operators are not acting responsibly and that there should be more government regulation.

While polls are often designed and taken to get a certain result, and a significant percentage of those polled by Maru were in the over-55 category, the sentiment matches the hue and cry that has been echoing through Canada since wagering went live on 4 April 2022. Since its launch, televised hockey games were flooded with advertisements for sportsbooks and have been since.

There is similar sentiment in some parts of the US. In 2023, for example, Senator Paul Tonko proposed a federal wagering advertising ..

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