U.S. Congressman Jason Smith criticized the "Great Beauty Act" gambling tax increase as a "bad decision," which may be overturned by the end of the year.

Jason Smith, the chairman of the House Fundraising Committee and a Republican from Missouri, recently stated that the provision in the "Great Beauty Act" to raise the gambling tax was a "bad decision" and hinted that the policy might be overturned by the end of this year.The clause was originally in

24like·0comment

#GamblingTax

2026 U.S. Gambling Jackpot Reporting Threshold Raised, New IRS Regulations Spark Industry Attention

Trump Proposes New Idea: Could Gambling Profits Be Exempt from Federal Taxes?

Entain Financial Leadership Transition: Veteran Wood Retires After Successful Tenure, New CFO Snape Faces Tax Reform Challenges

North Carolina sports betting hits new record, with November wagers surpassing $814 million.

Senegal imposes a 20% gambling tax, players protest fearing it may boost the black market.

Virginia sports betting reaches a record $830 million in wagers for October

William Hill to withdraw from 13 markets in December, 10 of which are in Africa; the UK retail sector also faces challenges.

The UK Fiscal Committee recommends a tiered gambling tax.

Massachusetts sets new record for betting amounts in September

Gambling Industry Weekly: Betfred Warns All UK Stores May Close, Dutch Lottery Executive Resigns

Rank Group Q1 net gambling revenue of £210 million, up 9% with digital business growing by 13%

Virginia sports betting rebounds strongly in August with adjusted total revenue reaching $58.3 million.

Cambodia's gambling industry sees strong rebound: First-quarter tax revenue exceeds $39 million, up 55% year-on-year.

British horse racing plans to strike on September 10th in protest against betting tax adjustments, BGC issues warning.

Former British Prime Minister Gordon Brown calls for a significant increase in gambling taxes to alleviate child poverty.

U.S. Congressman Jason Smith criticized the "Great Beauty Act" gambling tax increase as a "bad decision," which may be overturned by the end of the year.

2026 U.S. Gambling Jackpot Reporting Threshold Raised, New IRS Regulations Spark Industry Attention

Trump Proposes New Idea: Could Gambling Profits Be Exempt from Federal Taxes?

Entain Financial Leadership Transition: Veteran Wood Retires After Successful Tenure, New CFO Snape Faces Tax Reform Challenges

North Carolina sports betting hits new record, with November wagers surpassing $814 million.

Senegal imposes a 20% gambling tax, players protest fearing it may boost the black market.

Virginia sports betting reaches a record $830 million in wagers for October

William Hill to withdraw from 13 markets in December, 10 of which are in Africa; the UK retail sector also faces challenges.

The UK Fiscal Committee recommends a tiered gambling tax.

Massachusetts sets new record for betting amounts in September

Gambling Industry Weekly: Betfred Warns All UK Stores May Close, Dutch Lottery Executive Resigns

Rank Group Q1 net gambling revenue of £210 million, up 9% with digital business growing by 13%

Virginia sports betting rebounds strongly in August with adjusted total revenue reaching $58.3 million.

Cambodia's gambling industry sees strong rebound: First-quarter tax revenue exceeds $39 million, up 55% year-on-year.

British horse racing plans to strike on September 10th in protest against betting tax adjustments, BGC issues warning.

Former British Prime Minister Gordon Brown calls for a significant increase in gambling taxes to alleviate child poverty.

U.S. Congressman Jason Smith criticized the "Great Beauty Act" gambling tax increase as a "bad decision," which may be overturned by the end of the year.