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US Voters Approve Sports Betting, Casino Gaming Expansions In 6 States

PYMNTS

gambling industry, with three states authorizing legal sports betting and three others either approving or expanding casino gaming, the Associated Press (AP) reported. The addition of casinos in Virginia and racetrack casinos in Nebraska indicates that casino-style gambling is on the upswing as well.

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DraftKings’ Monthly Unique Payers Surges 64 Pct Amid Rise In Gaming 

PYMNTS

In a sign of a continued rise in gaming amid the pandemic, DraftKings Inc. DraftKings rolled out iGaming in West Virginia and mobile sports betting in Illinois in Q3. reported on Friday (Nov. DraftKings reported that over a million monthly unique paying customers engaged with the firm each month during Q3 on average. “The

Gaming 64
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Monthly State Sales and Use Tax Update

TaxConnex

West Virginia has issued a publication to “clarify the sales and use tax obligations of entities selling streaming services in this state.” Streaming services are subject to West Virginia state and municipal sales taxes since West Virginia taxes all services unless a specific exemption applies, and no exemption applies to streaming services.

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NJ Online Gaming Revenue Set To Grow 66 Pct This Year

PYMNTS

With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. The revenues of online casinos would have only grown roughly 20 percent in 2019 without sports betting’s presence, per Eilers & Krejcik Gaming Industry Analyst and Partner Chris Grove.

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2024: What’s coming up in sales tax

TaxConnex

States expected to do best with sales tax in 2024 are West Virginia, Massachusetts, Kentucky, Iowa and New York. Other digital goods” means the following items transferred electronically to an end user: artwork, photographs, periodicals, newspapers, magazines, video or audio greeting cards or video games or electronic entertainment.

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What’s new in sales tax?

TaxConnex

followed by South Dakota, Kentucky, West Virginia and Kansas. Other digital goods” means the following items transferred electronically to an end user: artwork, photographs, periodicals, newspapers, magazines, video or audio greeting cards or video games or electronic entertainment. New York ranked last.

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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days).