As 2024 draws to a close, the landscape of gambling legislation in the United States is marked by expired bills in Michigan and Ohio, while South Carolina and Texas make moves toward potentially transformative changes in their respective laws for 2025. These legislative developments underline the dynamic and often unpredictable nature of gambling reform across the nation. Michigan and Ohio Bills Fail to Progress In Michigan, state senators Sam Singh and Jeremy Moss introduced two bills aimed at increasing gambling tax revenues. Senate Bill 1193 proposed a modest 1% hike in the tax rate on wagering operators’ adjusted gross receipts (AGR), moving from 8.4% to 8.5%. Senate Bill 1194 sought a similar 1% increase for iGaming taxes across all existing tiers. These bills were geared toward channeling more funds into local city budgets, with a target of raising their share of tax revenue from 30% to 31%. However, neither piece of legislation will carry over into 2025, leaving their future uncertain.… Read More
Category: News
Source: Casino News Daily
